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  4. CMPDI IPO Listing On NSE, BSE: Muted debut, shares list at around 7% discount

CMPDI IPO Listing On NSE, BSE: Muted debut, shares list at around 7% discount

CMPDI IPO Listing On NSE, BSE: Last seen, the stock was trading at Rs 166.50, and the market cap of the company stood at Rs 11,927.37 crore.

CMPDI IPO Listing On NSE, BSE: Image Source : X/NSE CMPDI IPO Listing On NSE, BSE Today
Mumbai:

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.

 

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Live updates : CMPDI IPO Listing

  • 10:13 AM (IST)
    Posted by Raghwendra Shukla

    Sensex, Nifty tumbled in early trade

    Equity benchmark indices Sensex and Nifty tumbled in early trade on Monday as the ongoing war in West Asia continue to rattle markets globally, driving crude oil prices higher. Unabated foreign fund outflows also added to the weakness in domestic equities.

  • 10:00 AM (IST)
    Posted by Raghwendra Shukla

    Shares list at a discount of 5.35%

    In the pre-opening session, shares of Central Mine Planning and Design Institute settled at Rs 162.80 on the BSE, a discount of 5.35 per cent to the issue price of Rs 172.

  • 9:59 AM (IST)
    Posted by Raghwendra Shukla

    Price settles at 6.98% discount to issue price in pre-open market

    In the pre-opening session, shares of Central Mine Planning and Design Institute settled at Rs 160 on the NSE, a discount of 6.98 per cent to the issue price of Rs 172.

  • 9:57 AM (IST)
    Posted by Raghwendra Shukla

    What does the company do?

    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.

  • 9:48 AM (IST)
    Posted by Raghwendra Shukla

    CMPDIL issue entirely an OFS

    The public issue is entirely an offer-for-sale (OFS) of 10.71 crore shares, worth Rs 1,842.12 crore at the upper end, by Coal India, with no fresh issue component.

  • 9:42 AM (IST)
    Posted by Raghwendra Shukla

    CMPDI IPO subscribed 1.05 times

    The Rs 1,842-crore IPO received bids for 8,37,16,560 shares, as against 7,97,89,500 shares on offer, translating into 1.05 times subscription, according to details available with the National Stock Exchange (NSE). 

  • 9:30 AM (IST)
    Posted by Raghwendra Shukla

    CMPDI GMP Today

    According to Investorgain, Central Mine Planning & Design Institute's unlisted shares are trading at a grey market premium (GMP) of Rs 5. Considering the upper price band of Rs 172, the company's shares are expected to list at around Rs 177, reflecting a grey market premium of 2.91 per cent.

  • 9:14 AM (IST)
    Posted by Raghwendra Shukla

    CMPDI IPO Price Band

    The price band of Central Mine Planning & Design Institute was fixed at Rs 163-172 per share, valuing the company at around Rs 12,280 crore at the higher end, the company had announced.