Central Mine Planning to Launch IPO on Friday: Key Details Revealed in 10 Points

Central Mine Planning & Design Institute IPO

Key Details:

• Issue Size: ₹1,842.12 crore through an offer for sale (OFS) of 10.71 crore shares.
• Price Band: ₹163 to ₹172 per share.
• Listing Date: Monday, March 30.
• Reservations:
  • 50% reserved for Qualified Institutional Buyers (QIBs).
  • 15% reserved for Non-Institutional Investors (NIIs).
  • 35% reserved for Retail Investors.

IPO Schedule:

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• Opening Date: Friday, March 20.
• Closing Date: Tuesday, March 24.
• Allotment Date: Wednesday, March 25.
• Listing Date: Monday, March 30.

Grey Market Premium (GMP):

• As of Thursday, March 19, the GMP is ₹4.
• Estimated listing price: ₹176 (nominal gain of 2% from the upper price band of ₹172).

Business Overview:

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• Central Mine Planning & Design Institute offers consultancy and support services for coal and mineral exploration, and mine planning and design services.

Financial Performance:

• Revenue:
  • FY23: ₹13,860.9 million.
  • FY24: ₹17,326.9 million.
  • FY25: ₹21,027.6 million.
• Profit:
  • FY23: ₹2,966.6 million.
  • FY24: ₹5,032.3 million.
  • FY25: ₹6,669.1 million.

Book-Running Lead Managers and Registrar:

• IDBI Capital Markets & Securities Limited and SBI Capital Markets Limited are the book-running lead managers.
• KFin Technologies Limited is the registrar of the IPO.