Central Mine Planning IPO: Should you apply? Market expert Anil Singhvi weighs in

CMPDI IPO: The initial public offering (IPO) of GSP Crop Science Limited stepped into the final day of its public bidding on Tuesday, March 24, 2026, with the issue subscribed 28 per cent so far of the net offer as of 11:54 am, according to the provisional exchange data. The IPO is entirely offer-for-sale (OFS) of shares.

Market guru Anil Singhvi's take on GSP Crop Science IPO

Earlier on Tuesday, market expert Anil Singhvi, Managing Editor at Zee Business, shared his insights on Central Mine Planning & Design Institute Ltd’s business profile and highlighted key positives and negatives.

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Key Positives:

• Largest coal and mineral consultancy company with 61 per cent market share
• Strong promoters, wholly owned subsidiary of Coal India
• Assured revenue model with 67 per cent business from Coal India group
• Gradually expanding business outside the group also by increasing number of clients
• Consistent track record of growth
• Company is almost long-term debt free with positive cash flows
• Reasonable valuations

Key Negatives:

• Highly dependent for business on Coal India
• 96 per cent of revenue coming from government entities or agencies
• Efficiency is declining, fall in ROCE and ROE is a concern

Central Mine Planning IPO: Should you apply?

From a market perspective, Anil Singhvi noted that this government-backed company operates into interesting consulting business in the mining and minerals space. He also emphasised that the IPO could be a good long-term story due to strong cash flow and dividend payout.

However, considering prevailing market conditions, Singhvi advised a cautious approach, with a preference to 'buy post listing'. That said, the market expert also suggested that risk-taking investors can apply with a stop loss of Rs 165.

Central Mine Planning IPO issue details

The Central Mine Planning IPO is a book-build issue of Rs 1,842 crore, consisting of an offer-for-sale of 10.71 crore shares.

The IPO is priced at Rs 163 to Rs 172 per equity share. The lot size for an application for the Central Mine Planning IPO is 80 shares. The retail category is required to make a minimum investment of Rs 13,760, based on the upper end of the price band.

IDBI Capital Markets Services Ltd is the book-running lead manager, while Kfin Technologies Ltd is the registrar of the issue.

About Central Mine Planning & Design Institute

Central Mine Planning & Design Institute Limited (CMPDI), incorporated in 1974, provides consultancy and support services across coal and mineral exploration, as well as mine planning and design.

The company’s services include infrastructure engineering, environmental management, technology solutions, and management systems, primarily for the coal sector and other minerals. CMPDI is one of the largest coal and mineral consultancy firms in India, holding a market share of 61 per cent in Fiscal 2025, and serves as a consultant for Coal India Limited.

CMPDI operates through the following business verticals:

• Geological Exploration and Resource Evaluation
• Mine Planning and Design Services
• Environmental Planning and Monitoring Services
• Geomatics, Remote Sensing, and Survey Services

The company is supported by an infrastructure that enables a wide range of activities in the coal and mineral sector. As of March 31, 2025, it operates one of the largest fleets of exploratory drilling equipment in India.