New Delhi – Shares of Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India Ltd, experienced a weak debut on the stock exchanges on Monday, March 30, 2026. The stock started trading at ₹160 apiece on the National Stock Exchange (NSE), representing a 6.98% discount to the ₹172 IPO issue price. On the Bombay Stock Exchange (BSE), the scrip opened at ₹162.80, down 5.35% from the issue price.
The ₹1,842 crore initial public offering, exclusively an offer for sale (OFS) of 10.71 crore shares by Coal India Ltd, was subscribed 1.05 times, with bids for 8,37,16,560 shares against 7,97,89,500 shares on offer, according to BSE data. The IPO's category allocation revealed strong interest from institutional investors, with Qualified Institutional Buyers (QIBs) accounting for the largest portion of bids at 3.48 times the offer.
A lot consists of 80 shares. Investors who received CMPDI IPO allotment saw their investment value drop to ₹12,800 per lot.
CMPDI stated in its red herring prospectus that the listing of equity shares would enhance visibility, brand image, and provide liquidity in the Indian market. Prior to the IPO, the company had secured ₹469.74 crore from anchor investors, including Life Insurance Corporation of India (LIC), ICICI Prudential Mutual Fund (MF), Edelweiss MF, Edelweiss Life Insurance Company, Goldman Sachs, Baring Private Equity India Fund, Nippon India MF, Societe Generale, Citigroup, BNP Paribas Financial and General Insurance Corporation of India.
CMPDI is engaged in offering consultancy and support services for coal and mineral exploration and mine planning and design services. The company’s services include geomatics, infrastructure engineering, environmental management, specialised technology services and management systems, primarily for the coal industry and other minerals.
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