Summary of this article
Central Mine Planning & Design Institute IPO has been subscribed 9 per cent so far
IPO GMP indicates muted gains at listing
Central Mine Planning & Design Institute has tapped into the primary market with its initial public offering (IPO) worth Rs. 1,842.12 crore. As the IPO entered its second day of bidding, investors had only subscribed to 9 per cent of the offer so far. The IPO bidding window opened on March 20 and will close on March 24. According to the latest grey market premium (GMP) across multiple websites, shares are expected to be listed on the stock exchanges with muted prospects of gains.
Central Mine Planning IPO: Offer Size, Price Band
Central Mine Planning’s IPO is a book-build issue consisting purely of shares on offer-for-sale (OFS). The promoters and early investors in the company have offered 79.79 million shares at the issue price. The price band at the issue is between Rs. 163 and Rs. 172 per share, with the minimum lot size of 80. Retail investors need to invest a minimum of Rs. 13,760 to apply at the upper end of the price band.
The issue includes a reserved quota for employees of the company of up to 5.35 million offered at a discount of Rs. 8.00 to the issue price. IDBI Capital Markets Services is the book-running lead manager of the issue, and Kfin Technologies is the registrar.
After the bidding window closes on March 24, the share allotment of the IPO is expected to be finalised on March 25. The tentative listing date of the shares on NSE and BSE is expected on March 30.
Central Mine Planning IPO: Subscription Status
Central Mine Planning’s IPO has so far been subscribed to by only 9 per cent of the total issue size, with investors across classes booking for 7.27 million shares. Non-institutional investors have applied for 7 per cent of the issue, applying for 923,360 shares so far. Retail individual investors have applied for 13 per cent of their quota, booking for nearly 4.30 million shares so far.
Employees of the company, getting the shares at a discount, have booked 8 per cent of their quota so far, booking 406,640 shares. Meanwhile, qualified institutional buyers have only subscribed for 20,080 shares so far out of around 18.21 million shares reserved for them.
Central Mine Planning IPO: GMP Today
The GMP of Central Mine Planning IPO indicates muted gains on listing on the exchanges. The latest GMP is Rs. 1.5 above the upper end of the price band at the issue. Shares of the company are expected to be listed at Rs. 173.5 per share, with around 0.9 per cent gains from the issue price.
Central Mine Planning IPO: Key Financials
Central Mine Planning & Design Institute earned a net profit of Rs. 425.36 crore during the first nine months of the financial year 2025-26. During the same time, the company earned a total income of Rs. 1,543.93 crore. In FY25, the company reported a net profit of Rs. 666.91 crore on the total income of Rs. 2,177.53 crore. Comparatively, the company had earned a net profit of Rs. 503.23 crore and total income of Rs. 1,770.18 crore in FY24.
