Shares of Central Mine Planning and Design Institute (CMPDIL) listed on Monday with a nearly 7 per cent discount to the issue price of Rs 172. The company’s stock started trading at Rs 160, down 6.98 per cent from the issue price on the National Stock Exchange (NSE). At the BSE, it declined 5.35 per cent to Rs 162.80 in opening deals. However, the stock rebounded to touch the high of Rs 168.40. Last seen, the stock was trading at Rs 166.50, and the market cap of the company stood at Rs 11,927.37 crore. Earlier, the initial public offering got fully subscribed on the closing day of bidding on Tuesday. According to data available on the National Stock Exchange (NSE), the Rs 1,842-crore IPO received bids for 8,37,16,560 shares, against 7,97,89,500 shares on offer, translating into a 1.05 times subscription. Ahead of the IPO, Central Mine Planning and Design Institute (CMPDIL) had mobilised Rs 470 crore from anchor investors. CMPDIL was incorporated in 1975 as a wholly-owned subsidiary of Coal India.
Central Mine Planning and Design Institute (CMPDIL) offers consultancy and support services for the entire spectrum of coal and mineral exploration, as well as mine planning and design services.
