Central Mine Planning & Design Institute Limited’s initial public offering (IPO) is set to open for subscription on Friday, March 20. The issue comprises 10.71 crore shares with a price band of ₹163 to ₹172 per share.
The IPO is structured as an entirely offer for sale (OFS) arrangement, involving the sale of 10.71 crore shares with a face value of ₹2 each. This structure means existing shareholders are selling their holdings rather than the company raising fresh capital through the issuance of new shares.
Based on the upper end of the price band at ₹172, the total issue size is valued at approximately ₹184 crore. Investors subscribing at the lower band of ₹163 would value the offering at roughly ₹174 crore.
The Central Mine Planning IPO caters to a niche sector, reflecting investor interest in mining-related infrastructure and planning services. The subscription period and allotment timeline will follow standard market procedures, with listing expected within the regulatory timeframe following successful closure.
Market participants are monitoring the grey market premium (GMP) and investor response as the opening date approaches. The Central Mine Planning IPO represents another opportunity for retail and institutional investors to participate in the broader market expansion on NSE and BSE platforms.
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