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Central Mine Planning IPO GMP: Coal India Subsidiary’s Issue Opens Today – Know Key Details Before You Subscribe

Central Mine Planning IPO GMP: The IPO will remain open for subscription until Tuesday, March 24. Here's all you need to know before you subscribe

The issue will close for subscription on Tuesday, March 24. Photo: CMPDI Annual Report

Central Mine Planning IPO GMP: The initial public offering (IPO) of Central Mine Planning & Design Institute (CMPDI) opened for subscription today, March 20.

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The company has fixed a price band of Rs 163 to Rs 172 per share. Investors will have to apply for a minimum of 80 shares, and in multiples of 80 thereafter. Through this issue, the Miniratna public sector undertaking (PSU) aims to raise Rs 1,842.12 crore.

The IPO will remain open for subscription until Tuesday, March 24.

CMPDI is a subsidiary of Coal India Limited and provides consultancy and planning services for mining projects, largely within the coal sector.

This is a developing story...

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