Central Mine Planning IPO Subscribed 0.96 Times on Day 3

Central Mine Planning & Design Institute Limited's initial public offering (IPO) closed its subscription window approaching full subscription at 0.96 times by 4:59 PM on Day 3 (March 24, 2026). The ₹1,842.12 crore offer for sale, priced at ₹163–₹172 per share, received bids for 7,68,31,120 shares against 7,97,89,500 shares on offer, with total applications reaching 1,08,882.

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Subscription Status of Central Mine Planning IPO

Here are the subscription details for Central Mine Planning IPO Day 3, as of 4:59 PM:

Key Highlights – Day 3

• Overall subscription reached 0.96 times, surging from Day 2's 0.26 times, driven by a sharp late surge in institutional demand on the closing day.
• Qualified institutional buyers (ex-anchor) led strongly at 3.08 times, surging from Day 2's 0.62 times, indicating heavy institutional interest concentrated on the final day of this coal consultancy PSU IPO.
• Shareholders category improved to 0.36 times from Day 2's 0.18 times, while retail investors reached 0.35 times from Day 2's 0.18 times.
• Non-institutional investors improved to 0.35 times from Day 2's 0.08 times, with sNII at 0.51 times and bNII at 0.27 times.
• Employee category improved to 0.21 times from Day 2's 0.10 times.
• Total applications reached 1,08,882 on Day 3.
   

Key Highlights – Day 2

• Overall subscription reached 0.26 times, improving from Day 1's 0.07 times.
• Qualified institutional buyers (ex-anchor) improved to 0.62 times from negligible levels on Day 1.
• Shareholders category improved to 0.18 times from Day 1's 0.11 times.
• Non-institutional investors remained subdued at 0.08 times, with sNII at 0.14 times and bNII at 0.05 times.

Key Highlights – Day 1

• Overall subscription reached 0.07 times, reflecting subdued initial investor interest in this coal consultancy PSU IPO.
• Shareholders category showed the highest opening participation at 0.11 times, followed by retail investors at 0.10 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed negligible participation at 0.00 times on Day 1.
• Employee category recorded 0.06 times, with employees eligible for a discount of ₹8 per share on the issue price.
• Anchor investors fully subscribed their allocation of ₹469.74 crores on March 18, 2026.
   

About Novus Loyalty Limited

Incorporated in 1974, Central Mine Planning & Design Institute Limited is a coal and mineral consultancy company offering services across geological exploration, mine planning and design, environmental management, geomatics, and remote sensing. The company held a 61% market share in its field in FY2025 and serves as the preferred consultant for Coal India Limited. It operates seven regional institutes across key coal-producing states and eight laboratories across different coalfields as of December 31, 2025. The company is promoted by the President of India through the Ministry of Coal and Coal India Limited.