Central Mine Planning IPO Subscribed 0.07 Times on Day 1

No image 5paisa Capital Ltd - 2 min read

Last Updated: 20th March 2026 - 09:42 pm

Central Mine Planning & Design Institute Limited's initial public offering (IPO) opened for subscription on March 20, 2026, recording an overall subscription of 0.07 times by 4:44 PM on Day 1. The ₹1,842.12 crore offer for sale, priced at ₹163–₹172 per share, received bids for 52,72,560 shares against 7,97,89,500 shares on offer, with total applications reaching 30,799.

Subscription Status of Central Mine Planning IPO

Date QIB NII  Retail Employee Shareholder Total
Day 1 (March 20) 0.00 0.05 0.10 0.06 0.11 0.07

Here are the subscription details for Central Mine Planning IPO Day 1, as of 4:46 PM:

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (₹ Cr.)
Anchor Investors 1.00 2,73,10,500 2,73,10,500 469.74
QIB (Ex-Anchor) 0.00 1,82,07,000 4,800 0.08
NII 0.05 1,36,55,250 6,17,200 10.62
Retail 0.10 3,18,62,250 31,98,720 55.02
Employee 0.06 53,55,000 3,00,960 5.18
Shareholder 0.11 1,07,10,000 11,50,880 19.80
Total 0.07 7,97,89,500 52,72,560 90.69

 

Key Highlights – Day 1

  • Overall subscription reached 0.07 times on Day 1 (March 20, 2026), 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.
  • Non-institutional investors recorded 0.05 times, with sNII at 0.07 times and bNII at 0.03 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.

About Central Mine Planning & Design Institute 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.

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