The public issue of Central Mine Planning & Design Institute (CMPDIL), a subsidiary of Coal India, opened for subscription on March 20, 2026, and will close on March 24. Priced at ₹163–₹172 per share, the IPO has already attracted strong anchor investor interest and a notable grey market premium.
CMPDIL, a state-owned consultancy firm under Coal India, is launching a ₹1,842 crore IPO through an offer for sale of 10.71 crore shares. Ahead of the issue, the company raised ₹470 crore from anchor investors, signaling robust demand. The listing is expected to take place by early April 2026.
Grey Market Premium And Investor Sentiment
The IPO is commanding a grey market premium (GMP) of around ₹21, indicating potential listing gains of nearly 12%. Analysts highlight that the strong GMP reflects investor confidence in PSU stocks, particularly after recent successful public sector listings.
IPO Details And Outlook
CMPDIL plays a critical role in mine planning, design, and consultancy services for Coal India. The IPO is expected to enhance visibility for the subsidiary while offering investors exposure to India’s energy and mining infrastructure growth.
Key Highlights
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CMPDIL IPO opens March 20, closes March 24, 2026
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Price band set at ₹163–₹172 per share
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Entirely an offer for sale of 10.71 crore shares by Coal India
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Raised ₹470 crore from anchor investors ahead of issue
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Grey market premium at ₹21, signaling ~12% listing gains
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Listing expected by early April 2026
Sources: India TV, Business Standard, The Hindu BusinessLine, ET EnergyWorld, Mint