Day 2 of CMPDI IPO: An Analysis of GMP, Price Band, Size, Subscription Status and Key Details

CMPDI IPO Update: Day 2

IPO Details

• Company Name: Central Mine Planning & Design Institute (CPMDI) Ltd
• IPO Period: 20 March 2026 to 24 March 2026
• Price Band: ₹163 to ₹172 per share
• Objective: To raise ₹1,842 crore through a 100% Offer for Sale (OFS)

Subscription Status

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• As of 10:54 AM on the second day of bidding, the public issue was subscribed 0.09 times
• Retail portion: 0.13 times subscribed
• Non-Institutional Investors (NII) segment: 0.07 times subscribed

Grey Market Premium

• The company's shares are trading at a premium of ₹2 in the grey market today
• This is attributed to weak market sentiment and a tepid investor response

IPO Details

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• Lot Size: 80 company shares
• Allotment Date: Most likely 27 March 2026
• Registrar: KFin Technologies
• Lead Managers: IDBI Capital Markets Services and SBI Capital Markets
• Listing: Proposed for listing on the BSE and NSE
• Listing Date: Most likely 1 April 2026

IPO Review

• KC Securities: Assigns a 'subscribe' tag, citing a reasonable valuation, strong profitability, and a dominant market position
• SBI Securities: Assigns a 'buy' tag, noting the company's market share, revenue growth, and plans to diversify its portfolio