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Central Mine Planning & Design Institute Ltd IPO
Central Mine Planning & Design Institute Ltd
₹13,040 /80 sharesMinimum investment
IPO details
Subscription rate
Data will be available soon
Schedule
20 Mar 2026
IPO open date
24 Mar 2026
IPO close date
25 Mar 2026
Allotment date
25 Mar 2026
Funds unblock or debit
30 Mar 2026
Tentative listing date
About
Founded in
1975
MD/CEO
Mr. Chaudhari Shivraj Singh
Parent organisation
Central Mine Planning & Design Institute Ltd
Central Mine Planning & Design Institute Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
The company claims to offer multidisciplinary consultancy services that cover the entire lifecycle of mining projects. Its services include coal and mineral exploration, mine planning and design, environmental studies, geomatics, laboratory services, and mine closure planning. This integrated structure allows it to provide end-to-end technical support for mining operations.
The company claims that its relationship with Coal India Limited, which is one of the largest coal producers globally, provides it with consistent project opportunities, access to industry data, and close involvement in coal sector planning. The association also places it in a position to work on projects linked to the expansion of coal mining capacity in India.
The company claims to provide consultancy services to Coal India Limited, its subsidiaries, and various government entities, including the Ministry of Coal. Its client base has expanded from 38 clients in FY23 to 76 clients as of December 31, 2025. The company also reports having repeat engagements with several large clients across the mining and energy sectors.
With around five decades of experience, the company claims to have prepared over 700 geological reports related to integrated coal exploration projects in the past 10 years. It has also prepared more than 300 hydrogeological reports for mining projects since April 2021. The company also reports undertaking international assignments, including mining projects in Mozambique.
The company claims to operate one of the largest fleets of exploratory drills for coal and mineral exploration in India. Its infrastructure reportedly includes specialised drilling equipment, geophysical tools, and software used for resource modelling and geological analysis. The company also claims to operate multiple laboratories for coal testing, environmental monitoring, and geological analysis.
The company operates seven regional institutes located in Asansol, Dhanbad, Ranchi, Nagpur, Bilaspur, Singrauli, and Bhubaneswar. These institutes are positioned near major coalfields, which the company claims helps support exploration, surveying, and project execution activities. Several of these facilities also hold certifications and accreditations for laboratory testing and consultancy services.
The company has reported a consistent growth in revenue from operations and profit after tax. Revenue from operations increased from Rs 1,386.09 crore in FY23 to Rs 1,732.69 crore in FY24 and Rs 2,102.76 crore in FY25. PAT increased from Rs 296.66 crore in FY23 to Rs 503.23 crore in FY24 and Rs 666.91 crore in FY25.
The top 10 clients of the company contributed Rs 139.79 crore (93.8%), Rs 199.84 crore (95.0%), Rs 165.46 crore (95.5%), and Rs 132.82 crore (95.8%) to the company’s revenue from operations in the nine months ended December 31, 2025, FY25, FY24, and FY23, respectively. Any failure to retain these key clients, or a reduction in business from them, could adversely affect the company’s business, financial condition, results of operations, and cash flows.
A significant portion of the revenue of the company is derived from Coal India Limited and its subsidiaries. Coal India Limited and its subsidiaries contributed Rs 98.33 crore (66.0%) to the company’s revenue from operations in the nine months ended December 31, 2025; Rs 141.07 crore (67.1%) in FY25; Rs 139.03 crore (80.2%) in FY24; and Rs 114.61 crore (82.7%) in FY23. Any decline in demand for services from Coal India Limited or its subsidiaries, or changes in their procurement policies, could adversely affect the company’s business, financial condition, results of operations, and cash flows.
The top 10 vendors of the company accounted for Rs 30.14 crore (20.2%), Rs 30.21 crore (14.4%), Rs 30.99 crore (17.9%), and Rs 20.11 crore (14.5%) in expenses as a percentage of revenue from operations in the nine months ended December 31, 2025, FY25, FY24, and FY23, respectively. These expenses also accounted for 30.9%, 23.3%, 29.9%, and 19.5% of the company’s total expenses during the same periods. Any disruption in services from these key vendors, particularly those providing drilling, geophysical logging, and other exploration-related services, could adversely affect the company’s business, results of operations, financial condition, and cash flows.
Central Mine Planning and Design Institute is a wholly owned subsidiary of Coal India Limited and is controlled by the Government of India. Post-offer, Coal India Limited will continue to hold approximately 85% of Central Mine Planning and Design Institute’s equity share capital and retain significant control over key corporate decisions. Accordingly, the company may be required to undertake certain actions aligned with government policies or public interest objectives that may not be commercially beneficial, which could adversely affect its business, results of operations, financial condition, and cash flows.
The company’s operations are sensitive to seasonal variations, particularly the monsoon season and periods of extreme temperatures, which can disrupt exploration and drilling activities. Such weather-related disruptions may delay project execution, restrict access to drilling sites, and increase operational costs, which could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The company and its corporate promoter, Coal India Limited, are involved in certain legal and regulatory proceedings before various courts and authorities. Any adverse outcome in these proceedings could negatively impact the company’s reputation, business operations, financial condition, and cash flows.
The financial statements of the company are subject to a supplementary audit by the Comptroller and Auditor General of India. Any qualifications, observations, or adverse remarks in the CAG’s audit reports on the company’s financial statements in future periods could negatively affect investor perception and may adversely impact the trading price of its equity shares.
The company is currently not compliant with certain corporate governance requirements under the SEBI Listing Regulations and the Companies Act 2013, including provisions relating to the composition of its Board and certain Board committees. Although the company has received certain exemptions from the Securities and Exchange Board of India (SEBI) until the listing of its equity shares, any future non-compliance could result in penalties and adversely affect its reputation, business operations, financial condition, and results of operations.
A significant portion of the company’s revenues are derived from its geological exploration and resource evaluation services, which contributed Rs 68.19 crore (45.8%), Rs 97.08 crore (46.2%), Rs 66.87 crore (38.6%), and Rs 54.49 crore (39.3%) of revenue from operations in the nine months ended December 31, 2025 and FY25, FY24, and FY23, respectively. Any decline in demand for these services could adversely affect the company’s business, results of operations, financial condition, and cash flows.
The drilling and exploration activities of the company are significantly dependent on government funding from the Ministry of Coal under the Central Sector Scheme and the National Mineral Exploration Trust under the Ministry of Mines. Any changes in government policies, fiscal priorities, or delays in the approval and disbursement of such funding could adversely affect the company’s business, results of operations, financial condition, and cash flows.
Coal India Limited, the corporate promoter of the company, has received notices from the National Stock Exchange of India and the BSE imposing cumulative fines of Rs 0.32 crore for non-compliance with certain provisions of the SEBI Listing Regulations relating to the appointment of independent directors. Further, certain tax proceedings are pending against Coal India Limited involving an aggregate disputed amount of Rs 14.24 crore. Any adverse developments in these matters could adversely affect the reputation and operations of the company.
Application details
For Central Mine Planning & Design Institute IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹163 - ₹172 | Upto ₹2 Lakhs | 80 |
| High Networth Individual | ₹163 - ₹172 | ₹2 - ₹5 Lakhs | 80 |