Key IPO Details
| Category | Details |
| IPO Date | March 20 – March 24, 2026 |
| Price Band | ₹163 – ₹172 per share |
| Lot Size | 80 Shares (Minimum ₹13,760) |
| Issue Size | ₹1,842.12 Crore (Entirely Offer for Sale) |
| Face Value | ₹2 per share |
| Listing Date | March 30, 2026 (Tentative) |
| Registrar | KFin Technologies Limited |
| Lead Managers | IDBI Capital & SBI Capital Markets |
Important Dates (Tentative)
- Anchor Bidding: March 18, 2026
- Allotment Finalization: March 25, 2026
- Refund Initiation: March 27, 2026
- Listing on BSE/NSE: March 30, 2026
Grey Market Premium (GMP)
As of March 17, 2026, the GMP is reportedly trading around ₹19 to ₹22.
- Upper Price Band: ₹172
- Estimated Listing Price: ~₹191 – ₹194
- Expected Listing Gain: ~11% to 13%
Investor Quotas
- Retail Investors: 35% of the offer
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Shareholder Quota: There is a specific reservation for existing shareholders of Coal India Limited.
Business & Financial Highlights
- Monopoly Status: CMPDI is a “Mini Ratna” Category-I company and holds a dominant position (~61% market share) in India’s coal and mineral consultancy sector.
- Relationship with Parent: It is a 100% subsidiary of Coal India Limited.
- Financials: For FY25, the company reported a revenue of over ₹2,100 crore and a Profit After Tax (PAT) of approximately ₹667 crore.
- Risk Factor: The issue is a 100% Offer for Sale (OFS), meaning the company will not receive any proceeds; all funds go to the promoter, Coal India.
