CMPDI IPO Grey Market Premium Flat At Rs 1 As Issue Closes Today-Muted Sentiment Ahead of Listing

The initial public offering of Central Mine Planning & Design Institute Limited (CMPDI) will conclude its subscription period on March 24. The mainboard issue has received a tepid response from investors, with an overall subscription of 0.25 times.

As bidding for the CMPDI IPO enters day 3, the grey market premium for the mainboard IPO has remained constant, amid the current volatile market conditions.

The subsidiary of Coal India Limited is seeking bids for a book-built issue worth Rs 1,842.12 crore.

Central Mine Planning & Design Institute IPO GMP Today

According to Investorgain, the latest GMP for the CMPDI IPO was Rs 1 on March 24. With a price band cap of Rs 172, the estimated listing price of CMPDI shares is around Rs 173 (price band + GMP), implying a modest gain of 0.58% per share.

The grey market premium for the CMPDI IPO has been declining since March 17, reflecting weakening investor sentiment. Factors such as broader economic volatility and uncertain market conditions appear to be weighing on investor sentiment. The GMP peaked at Rs 27 on March 16 at 09:55 am. At the time, it indicated an estimated listing price of around Rs 199, implying a strong expected gain of about 15.70% per share for investors at the upper band.

Note: GMP does not represent official data and is based on speculation and indicates the unofficial price at which IPO shares trade before listing.

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CMPDI IPO Details

CMPDI is a Coal India subsidiary and is launching an IPO, entirely an offer-for-sale (OFS) of 10.71 crore shares. Aiming to raise Rs 1,842.12 crore from the primary market, the IPO has set a price band of Rs 163 to Rs 172. Retail investors need to apply for at least a single lot size of 80 shares, which amounts to Rs 13,760 per application. IDBI Capital Markets Services Ltd. is serving as the book-running lead manager for the issue, while Kfin Technologies Ltd. is the registrar.

CMPDI IPO Allotment And Listing Date

The share allotment status for the CMPDI IPO is expected to be finalised on March 25. The shares will list on both BSE and NSE, with a tentative listing date of March 30.

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CMPDI Business

Incorporated in 1974, Central Mine Planning provides consultancy and support services for coal and mineral exploration.

For the fiscal ended March 2025, CMPDI reported a total income of Rs 2,177.53 crore, up from Rs 1,770.18 crore in the previous year. The company's profit after tax increased to Rs 667 crore, compared with Rs 503.23 crore in March 2024. EBITA increased to Rs 915.71 crore, up from Rs 764.44 crore.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.