Central Mine IPO Listing in Focus: What Does Guidebook Price Signal Ahead of Debut?

Central Mine Planning & Design Institute IPO: Key Highlights

The Central Mine Planning & Design Institute is set to make its stock market debut on Monday, March 30, with its shares listing on both BSE and NSE.

IPO Details

The ₹1,842-crore IPO was subscribed 1.05 times by the end of Day 3, with the QIB segment being subscribed the most at 3.48 times. The retail individual investors' portion saw a subscription of 33%, while the non-institutional investor (NII) category was subscribed 35%. The employee and shareholder quotas were booked 21% and 36%, respectively.

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Subscription Status

The Central Mine Planning IPO received bids for 8,37,13,200 shares against a total offer size of 7,97,89,500 shares.

Company Overview

Central Mine Planning provides consultancy and support services across coal and mineral exploration, as well as mine planning and design. Its offerings also extend to infrastructure engineering, environmental management, geomatics, specialized technology solutions, and management systems, with a core focus on the coal and mining industry.

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Grey Market Premium

The Grey Market Premium (GMP) of ₹8 signals a muted listing on Monday. The estimated listing price will be ₹180, which is 4.65% higher than the IPO price of ₹172.

IPO Price Band

The IPO was priced in the range of ₹163 to ₹172 per share, valuing the company at ₹12,280 crore at the upper end of the price band.

Issue Details

The ₹1,842-crore IPO comprised entirely an offer-for-sale (OFS) of 10.71 crore shares by Coal India, with no fresh issue component. Investors could bid in lots of 80 shares, translating to a minimum investment of ₹13,760 at the upper price band.