Central Mine Planning IPO Day 1:Issue booked 6% so far. Check GMP, review, key details to know. Should you apply or not?
CMPDIL IPO opens for subscription from March 20 to March 24, with a price band of ₹163 to ₹172 per share. The company has raised ₹470 crore from anchor investors and allocated shares for institutional and retail buyers.
The initial public offering (IPO) of Central Mine Planning and Design Institute (CMPDIL), a subsidiary of the government-owned Coal India, will be available for subscription from March 20 to March 24.
CMPDIL IPO price band has been set between ₹163 and ₹172 per share, pegging the company's valuation at approximately ₹12,280 crore at the upper end of the range.
Central Mine Planning and Design Institute raised ₹470 crore from anchor investors before the opening of its initial share sale.
Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India, and Edelweiss Life Insurance Company are among the anchor investors, according to a circular posted on BSE's website.
CMPDIL was established in 1975 as a fully-owned subsidiary of Coal India.
It provides consulting and support services covering all aspects of coal and mineral exploration, in addition to mine planning and design services. Their offerings also encompass infrastructure engineering, environmental management, geomatics, specialised technology services, and management systems, largely focusing on the coal industry and other minerals.
In terms of finances, the operational revenue amounted to ₹2,103 crore, with a net profit of ₹667 crore in FY25.
Central Mine Planning IPO GMP today
As per market experts, CMPDI IPO GMP is at ₹4. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Central Mine Planning & Design Institute shares is indicated as ₹176 apiece, which is 2.33% higher than the IPO price of ₹172.
Considering the grey market activities from the last eight sessions, the IPO GMP is showing a downward trend today and is anticipated to decline further. Experts indicate that the lowest GMP is ₹4.00, whereas the highest GMP reaches ₹24.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Central Mine Planning IPO review
Arihant Capital Markets has indicated that, in the medium term, the firm is well-equipped to take advantage of India's initiative to improve energy security through increased production of domestic coal and the auctioning of commercial mineral blocks. Its shift towards a "one-stop-shop" consultancy encompassing both coal and non-coal minerals, along with a capital-light business model, offers a solid basis for consistent cash flow generation.
Nonetheless, this potential for growth is tempered by a significant structural reliance on its parent company and the broader long-term challenges tied to the global energy transition. At the upper price band of ₹172, the offering is assessed with a P/E ratio of 21.65x, based on an annualized PAT of FY26 EPS of ₹7.94. The brokerage has assigned a “Neutral” rating for this offering.
Swastika Investmart stated that, considering its discounted valuation and debt-free balance sheet, CMPDI is a "Subscribe" for a short-to-medium-term tactical approach. Nonetheless, investors should consider the immediate risks associated with its entire Offer for Sale (indicating no new capital for expansion) and its significant dependence on Coal India for more than 90% of its revenue.
Central Mine Planning IPO details
The offering consists solely of an offer for sale (OFS) of 10.71 crore shares, totalling ₹1,842.12 crore at the highest price point, provided by Coal India, without any fresh issuance.
Investors can apply for the offer in lots of 80 shares.
The company stated that 50% of the issue size has been allocated for qualified institutional buyers (QIBs), 35% for retail investors, and the remaining 15% for non-institutional buyers (NIIs).
IDBI Capital Markets and Securities, as well as SBI Capital Markets, are the primary book-running managers for the public offering.
Central Mine Planning IPO subscription status
Central Mine Planning IPO subscription status was 1% on day 1, so far. The retail portion is subscribed 2%, and NII portion has been booked 1%, QIBs portion is yet to receive bids.
The company has received bids for 10,08,160 shares against 7,97,89,500 shares on offer, at 10:36 IST, according to data on BSE.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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