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26 Mar 2026
Central Mine Planning & Design Institute initial public offer (IPO) received 28 percent subscription on the third day of bidding on Tuesday, so far. The arm of state-owned Coal India got bids for 2.2-crore shares against 7.97-crore shares on offer, according to NSE data, till 11:15 am.
The portion for Qualified Institutional Buyers (QIBs) received 62 percent subscription. The category for Retail Individual Investors (RIIs) received 20 percent subscription and the quota for non-institutional investors got subscribed 11 percent.
Earlier, the company said it has mobilised Rs 470 crore from anchor investors. The Rs 1,842-crore initial share sale will conclude on March 24.
The price band has been fixed at Rs 163-172 per share, valuing the company at around Rs 12,280 crore at the higher end, the company announced.
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According to platforms tracking grey-market activity, the shares of Central Mine Planning are commanding a flat GMP in the unofficial market.
CMPDIL was incorporated in 1975 as a wholly-owned subsidiary of Coal India. It offers consultancy and support services for the entire spectrum of coal and mineral exploration, as well as mine planning and design services. Its services also include infrastructure engineering, environmental management, geomatics, specialised technology services, and management systems, primarily for the coal industry and other minerals.
Central Mine Planning IPO allotment is expected by March 25, while share listing is proposed to take place on March 30.
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