Central Mine Planning IPO Day 1 Live: Share Price Gains Under Disappoint, Is a PSU Investment Warranted?

Central Mine Planning IPO Day 1 Live Updates

Company: Central Mine Planning and Design Institute (CMPDIL), a subsidiary of Coal India IPO Details:

• Launched on: Friday, March 20, 2026
• Closing date for investors: Tuesday, March 24, 2026
• Issue Size: ₹1,842 crore
• Price Band: ₹163–172 per share
• Valuation (upper end): ₹12,280 crore

Offer Structure:

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• Entirely an offer for sale (OFS) of 10.71 crore shares by Coal India
• No fresh issue component
• Allocation:
  • Qualified Institutional Buyers (QIBs): 50%
  • Retail Investors: 35%
  • Non-Institutional Investors: 15%

Listing Details:

• Listing date: March 30, 2026
• CMPDIL had raised ₹470 crore from anchor investors on March 18, 2026

Market Perception:

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• Central Mine Planning IPO Grey Market Premium (GMP): ₹4, indicating shares are trading ₹2 above the offer price
• Potential listing price: ₹176, up 2.33% from the offer price