Central Mine Planning IPO Day 1 Update: Subscription Hits 1%, Key Highlights and Review
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The CMPDIL IPO is available for subscription from March 20 to March 24, with a price range of ₹163 to ₹172 per share. The company has secured ₹470 crore from anchor investors and has set aside shares for both institutional and retail investors.
The Central Mine Planning and Design Institute (CMPDIL) is offering its initial public offering (IPO) for subscription from March 20 to March 24, 2026. The price range is ₹163 to ₹172 per share, giving the company a value of about ₹12,280 crore. This IPO involves selling 10.71 crore shares owned by Coal India. Of these shares, 50% are reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors, with a minimum purchase of 80 shares.
CMPDIL, established in 1975, provides services in consulting, mine planning, infrastructure engineering, environmental management, and technology, mainly for coal and minerals. For the fiscal year 2025, the company reported a revenue of ₹2,103 crore and a net profit of ₹667 crore. The current grey market premium (GMP) is ₹4, suggesting a potential listing price of ₹176, which is about 2.33% higher than the IPO price.
Analysts recognize CMPDIL’s strong cash flow and expertise but warn about its dependence on Coal India and the risks associated with the energy transition. The IPO is managed by IDBI Capital Markets and SBI Capital Markets and is set to be listed on the BSE and NSE. On the first day of subscription, demand appears low, with only 1% sold so far.
CMPDIL, established in 1975, provides services in consulting, mine planning, infrastructure engineering, environmental management, and technology, mainly for coal and minerals. For the fiscal year 2025, the company reported a revenue of ₹2,103 crore and a net profit of ₹667 crore. The current grey market premium (GMP) is ₹4, suggesting a potential listing price of ₹176, which is about 2.33% higher than the IPO price.
Analysts recognize CMPDIL’s strong cash flow and expertise but warn about its dependence on Coal India and the risks associated with the energy transition. The IPO is managed by IDBI Capital Markets and SBI Capital Markets and is set to be listed on the BSE and NSE. On the first day of subscription, demand appears low, with only 1% sold so far.
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Originally published on major financial portals.
