Central Mine Planning's initial public offering (IPO) share allotment is expected to be finalised on March 25. The pure offer-for-sale (OFS) IPO indicates a firm listing prospects as per the grey market premium (GMP)

Central Mine Planning IPO Allotment Today: Check Status Online; GMP Shows Firm Listing Prospects

Central Mine Planning & Design Institute’s initial public offering (IPO) bidding window ended on March 24. Investors have fully subscribed to the Rs. 1,842.12 crore issue, and the share allotment is expected to be finalised on March 25. The IPO subscription window opened on March 20. The latest grey market premium (GMP) from various websites indicates firm listing prospects of the shares of the company on the NSE and BSE.

By the end of the bidding window, investors across classes booked 1.05 times the issue size, applying for around 83.72 million shares. Qualified institutional buyers (QIBs) showed the most interest in the issue and booked 3.5 times their quota, booking nearly 63.41 million shares.

Shareholders of the company, for whom 10.71 million shares were reserved, booked 36 per cent of the quota. Non-institutional investors (NIIs) have applied for 35 per cent of their quota, applying for around 4.77 million shares. Retail individual investors have applied for 33 per cent of their quota, subscribing to 10.60 million shares. Meanwhile, employees booked 21 per cent of their quota, applying for around 1.13 million shares in the primary issue.

Central Mine Planning IPO Details

Central Mine Planning’s public issue was a pure offer-for-sale (OFS) IPO worth Rs. 1,842.12 crore with 79.79 million shares on offer. The price band at the issue was at Rs. 163-172 per share, and the minimum lot size is 80. Retail investors had to invest a minimum of Rs. 13,760 at the upper end of the price band to apply for the issue.

IDBI Capital Markets Services was the book-running lead manager of the issue, while Kfin Technologies was the registrar. After the share allotment of the IPO is finalised on March 25, shares are estimated to be listed on the stock exchanges on March 30.

Central Mine Planning IPO: GMP Today

Central Mine Planning’s IPO GMP indicates firm prospects of gains at the listing of the company on the exchanges. Currently, the GMP indicates 6.4 per cent gains and shares expected to be listed at Rs. 183 per share, Rs. 11 above the issue price.

How to Check Allotment Status Online

For investors who applied for the primary issue during the bidding window, share allotment of Central Mine Planning & Design Institute’s IPO can be checked online on the official websites of the stock exchanges as well as the registrar.