CMPDI is a wholly-owned subsidiary of state-miner Coal India Limited (CIL).
CMPDI IPO subscription status
The Rs 1,842 crore IPO of Coal India’s subsidiary, managed to sail through on the final day of bidding. By the end of Day 3, the issue was fully subscribed at 1.05 times the 7.97 crore shares on offer. The issue received over 8.36 crore share bids. Demand was mainly driven by Qualified Institutional Buyers (QIBs), who subscribed the IPO 3.48 times their quota, while Retail Individual Investors (RIIs) showed muted interest at just 33%.
The non-institutional investors’ (NII) quota also failed to get fully booked, managing only 35% subscription.
Here’s how you can check the status on BSE:
Step 1: Visit the BSE ‘Status Application Check’ page https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select Issue Type: Equity/Debt
Step 3: Put PAN/Application No. and enter checkbox ‘I’m not a robit’.Step 4: Submit ‘Search’
Central Mine Planning IPO GMP
Shares of Central Mine Planning IPO were commanding a grey market premium (GMP) of Rs 8 per share. With the price band of 172, the estimated listing price is around Rs 180. The expected percentage gain/loss per share is around 5%.
CMPDI IPO timeline
There will be a public holiday on Thursday, March 26 on account of Shri Ram Navami so the initiation of refunds for those investors who have not got allotment will be on Friday, March 27. The shares will likely be credited to the demat accounts on this day. The stock will be listed on Monday, March 30.
About the IPO
The IPO is entirely an Offer for Sale (OFS) amounting to Rs 1,842 crore, meaning the company will not receive any proceeds. The price band is set at Rs 163–172 per share, and the stock is expected to list on the BSE and NSE on March 30.
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About the company
CMPDI is a prominent mining consultancy firm offering comprehensive services across coal and mineral exploration, mine planning, environmental management, and geomatics. It holds a strong position in the Indian market, with an estimated 61% share in the coal and mineral consultancy segment, and acts as a key partner to Coal India.
Financially, the company has demonstrated solid performance, reporting revenue of Rs 2,178 crore in FY25 and a net profit of Rs 667 crore, supported by EBITDA margins exceeding 42%.
At the upper end of its price band, the IPO is valued at around 18–21 times earnings, which analysts view as reasonable considering its high profitability and asset-light business model.
That said, CMPDI’s heavy reliance on Coal India and the broader coal sector exposes it to concentration and industry-specific risks.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)