Central Mine Planning Shares Experience Lackluster Debut, List at 7% Discount

Central Mine Planning Shares List at 6.98% Discount on National Stock Exchange

Market Capitalization: Rs 11,623.92 crore

Listing Price: Rs 160 per share on the National Stock Exchange (NSE), a 6.98% discount from the initial public offer (IPO) price of Rs 172 per share.

Listing Price (BSE): Rs 162.8 per share, a 5.35% discount from the IPO price.

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IPO Details:

• Issue Size: Rs 1,842 crore
• Subscription Ratio: 1.05x, driven largely by Qualified Institutional Buyers (QIBs)
• Price Band: Rs 163-172 per share
• Anchor Investor Mobilization: Rs 470 crore from anchor investors

Company Overview:

• Company Name: Central Mine Planning & Design Institute Ltd
• Parent Company: Coal India
• Incorporation Date: 1975
• Business Services: Consultancy and support services for coal and mineral exploration, mine planning and design services, infrastructure engineering, environmental management, geomatics, and management systems.

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Market Outlook:

In the short term, the stock is expected to remain sentiment-driven and may witness further downside or sideways movement, especially if broader market conditions stay weak. The Rs 155–150 zone is considered a key support, while Rs 170–175 is a resistance zone.