As this issue is purely an OFS, CMPDI will not receive any proceeds from the offering, and the funds raised will go to the selling partners. The company plans to list its shares on both BSE and NSE, with a tentative listing date of March 30.
CMPDI IPO price band
The price band, lot size and total issue amount in monetary terms are yet to be announced. IDBI Capital Markets has been appointed as the lead book-running manager, while Kfin Technologies will act as the registrar for the issue.
Structure of CMPDI IPO
Under the proposed allocation structure, about 50% of the offering will be reserved for qualified institutional buyers (QIBs), 35% will be reserved for retail investors and at least 15% for non-institutional investors. The IPO will also have shareholder and employee reservation categories, with the ability for shareholder quotas to be extended to investors holding shares in Coal India.
About CMPDI
Established in 1974, CMPDI provides full value consultancy and technical services in coal and mineral exploration, mine planning and mine design. The company supports mining projects through services such as geological exploration, environmental planning, remote sensing, surveying and infrastructure engineering.
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CMPDI is one of the leading coal and mineral consulting firms in India, with a market share of 61% in FY25, and serves as a preferred consulting partner to Coal India, the world’s largest coal producer.
The company operates through several business verticals, including geological exploration and resource evaluation, mine planning and design, environmental monitoring, and geomatics and remote sensing services.
CMPDI has substantial technical infrastructure to support these activities. As of March 2025, the company operated the largest fleet of exploratory drilling equipment for coal and mineral exploration in India.
Its operations are supported by seven regional institutes located in coal-producing states such as Madhya Pradesh, Chhattisgarh, Odisha and West Bengal, which help implement projects and closely coordinate mining operations on land.
The company has also demonstrated capabilities in planning large-scale mining projects. It has designed open pit mines with a production capacity of up to 85 million tons per year and a mining depth of up to 420 meters.
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In addition, CMPDI operates eight laboratories in major coal fields specializing in coal testing and quality analysis. The company also participates in mineral exploration initiatives supported by the National Mineral Exploration Trust (NMET). As of December 2025, it has submitted 11 exploration proposals for minerals such as bauxite, copper, magnetite and zinc, with six projects approved and four completed.
Mali
Financially, CMPDI has delivered steady growth in recent years. The company reported revenue of Rs 2,177 crore in FY25, up from Rs 1,770 crore in FY24. Profit after tax rose to Rs 667 crore in FY25, compared to Rs 503 crore last year.
For the nine months ending December 2025, the company posted revenue of Rs 1,544 crore and profit after tax of Rs 425 crore.
The government currently owns CMPDI through the President of India acting through the Ministry of Coal and Mining, which owned 100% of the company prior to the IPO.
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