CMPDI IPO Day 3: GMP Reaches ₹1 on Final Day; Check Subscription Status
Loading more articles...
CMPDI IPO Day 3: Subscription Lags, GMP at ₹1 on Final Day
C
CNBC TV18•24-03-2026, 07:27
CMPDI IPO Day 3: Subscription Lags, GMP at ₹1 on Final Day
•Central Mine Planning and Design Institute Ltd. (CMPDI) IPO closes today, facing lackluster investor interest.
•As of Day 2, the ₹1,842 crore IPO was subscribed 25%, with 2.02 crore bids against 7.97 crore shares offered.
•Retail investors subscribed 17%, NIIs 8%, and QIBs 62% by Day 2.
•Grey Market Premium (GMP) for CMPDI shares is ₹1, a 0.58% premium over the issue price of ₹172.
•CMPDI, a 'miniratna' subsidiary of Coal India, aims to diversify revenue beyond Coal India (currently 67%) to 35% from other sources, including critical minerals and renewable energy.
