Central Mine Planning IPO: Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India, has received a lacklustre response from investors for its initial public offering (IPO), which opened for public subscription on Friday, March 20, 2026. According to data from the National Stock Exchange (NSE), the public issue was subscribed to only 60 per cent as of 01:50 PM on Tuesday, March 24.
The three-day subscription window for the IPO closes today. So far, the issue has received bids for 46.91 million shares against 79.78 million shares on offer. Demand has been strongest in the Qualified Institutional Buyers (QIBs) segment, which has been subscribed to around 1.82 times. In contrast, non-institutional investors (NIIs) have subscribed to 19 per cent of their reserved quota. The portion reserved for retail investors was booked only 24 per cent.
Central Mine Planning IPO GMP
However, the muted investor sentiment was also reflected in the grey market. According to sources tracking unofficial market activity, CMPDI’s unlisted shares were trading almost flat at ₹172.75 per share, commanding a grey market premium of 0.44 per cent, over the upper end of the IPO price band of ₹163 to ₹172.
Central Mine Planning IPO details
The IPO comprises a fresh issue of 107.1 million equity shares worth up to ₹1,842.12 crore. The issue is available in a lot size of 80 shares. At the upper end of the price band, retail investors need to invest a minimum of ₹13,760 for one lot, while a maximum application of 14 lots (1,120 shares) requires ₹1,92,640.
Kfin Technologies is the registrar. IDBI Capital Markets & Securities and SBI Capital Markets are the book-running lead managers for the issue.
Central Mine Planning IPO allotment date, listing date
With the issue closing today, the basis of allotment is expected to be finalised on Wednesday, March 25, 2026. Shares are likely to be credited to successful applicants’ demat accounts by Friday, March 27, 2026. The stock is scheduled to list on the NSE and BSE tentatively on Monday, March 30, 2026.
Central Mine Planning IPO objectives
According to the Red Herring Prospectus (RHP), the company will not receive any proceeds from the funds raised through the issue, as the entire offer comprises a sale of shares by promoter Coal India.
