1. Offer for Sale of up to 107,100,000 equity shares.
2. To achieve benefits of listing on stock exchanges.
The company will not receive any proceeds from the Offer for Sale.
Revenue CAGR (FY23-25): 23%
PAT CAGR: 50%
EBITDA CAGR: 52%
EBITDA Margin (FY25): 42.1%
PAT Margin (FY25): 30.6%
CMPDI has demonstrated strong growth and profitability over recent years.
Valuation Analysis
Post issue market cap: ₹12,281 Cr
P/BV: 5.7x (NAV ₹30.2)
Annualised FY26 P/E: ~35x
Industry P/E: ~22x
The IPO appears fully priced compared to industry levels.
Risk Factors
Revenue and client concentration
Dependence on Coal India
Regulatory approvals and government policies
Project delays due to external factors
Contingent liabilities
Vendor concentration
Government funding dependency
No credit rating availability
High competition risk
Should You Invest in CMPDI IPO?
CMPDI benefits from strong parentage, high margins, consistent growth and favorable industry outlook. While valuations appear fully priced, long term investors may consider applying given strong fundamentals and strategic importance in the coal sector.
Our Final View – Subscribe for Long Term Horizon
CMPDI is a well-established mining consultancy company with strong backing from Coal India Limited. Considering its growth trajectory, high margins and sector outlook, we recommend investors to subscribe for long term horizon.
Frequently Asked Questions (FAQs)
Is CMPDI IPO good?
Yes, for long term investors due to strong fundamentals and parentage.
What is the lot size?
The lot size is 80 shares.
Is CMPDI IPO fully priced?
Yes, valuations are higher compared to industry averages.
Brief Financials
| PARTICULARS |
₹ in Million |
As at
Dec 30, 2025 |
FY ‘25 |
FY ‘24 |
FY ‘23 |
| Total Income |
15,439.3 |
21,775.3 |
17,701.8 |
13,987.8 |
| Total Expenditure |
9,754.1 |
12,953.9 |
10,373.4 |
10,318.3 |
| EBITDA |
5,938.5 |
9,157.1 |
7,644.4 |
3,956.5 |
| Profit before Tax |
5,685.2 |
8,821.4 |
7,328.4 |
3,669.5 |
| Profit after Tax |
4,253.6 |
6,669.1 |
5,032.3 |
2,966.6 |
| E.P.S. (Diluted) |
6.0 * |
9.3 |
7.0 |
4.2 |
| P/E (x) (Diluted) |
- |
18.41 |
- |
- |
| RONW (%) |
20.30* |
36.7 |
35.8 |
26.8 |
*Not Annualised
PRICE CHART (@ ₹ 172) (Retail Category)
| LOT SIZE |
| Amount |
| 80 |
13,760 |
| 160 |
27,520 |
| 240 |
41,280 |
| 320 |
55,040 |
| 400 |
68,800 |
| 480 |
82,560 |
| 560 |
96,320 |
| 640 |
110,080 |
| 720 |
123,840 |
| 800 |
137,600 |
| 880 |
151,360 |
| 960 |
165,120 |
| 1,040 |
178,880 |
HNI Payment Chart
| Category |
| No. of Shares |
Minimum Bid Lot Amount (Rs.) |
| Small HNI |
1,200 |
206,400 |
| Big HNI |
5,840 |
1,004,480 |
Indicative Time Table
| Tentative Events |
| Indicative Dates |
| Finalisation of Basis of Allotment with the Designated Stock Exchange |
25/3/2026 |
| Initiation of refunds/unblocking ASBA Fund |
27/3/2026 |
| Credit of Equity Shares to demat accounts of Allottees |
27/3/2026 |
| Commencement of trading of the Equity Shares on the Stock Exchanges |
30/3/2026 |
Disclaimer:
The content provided in this blog is for informational and educational purposes only and should not be construed as investment, legal, or tax advice. While Sushil Finance makes reasonable efforts to ensure accuracy and reliability of the information, we do not guarantee its completeness or timeliness. Readers are advised to consult with their financial advisor before making any investment decisions. Sushil Finance shall not be held responsible for any direct or indirect loss arising from use of this content. Investments in securities are subject to market risks. Read all scheme-related documents carefully before investing.
