CMPDI IPO subscribed 10% so far on Day 2: 10 key things retail investors should know from RHP

CMPDI IPO: The initial public offering of Central Mine Planning & Design Institute, a consultancy firm and a subsidiary of Coal India, has been subscribed 10% so far on the second day of bidding on Monday, March 23.

The quota for retail individual investors, or RIIs, received 15% subscription, while the portion for non-institutional investors (NIIs) got subscribed 7%.

CMPDI IPO: 10 key things retail investors should know from RHP

• CMPDI IPO subscription period: The initial share sale is live from Friday, March 20, to Tuesday, March 24.
• IPO offer structure: The ₹1,842.12 crore book-build issue consists of an offer for sale (OFS) component of 10.71 crore shares.
• CMPDI IPO price band: The price range has been set at ₹163 to ₹172 per share.
• CMPDI IPO anchor investors: Before the IPO, the company collected ₹469.74 crore from anchor investors, including Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), ICICI Prudential MF, Edelweiss MF, Edelweiss Life Insurance Company, General Insurance Corporation of India, Societe Generale, Citigroup, Goldman Sachs, BNP Paribas Financial and Baring Private Equity India Fund.
• Central Mine Planning & Design Institute IPO lot size: An application consists of 80 shares and multiples thereof.
• Reservation: The company has reserved 50% of the issue for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs) and 35% for retail individual investors (RIIs).
• Objectives: Under the OFS, Coal India Ltd will offload its stake. As there is no fresh issuance of shares, the company will not get any proceeds from the issue.
• Book-running lead manager and registrar: IDBI Capital Markets & Securities and SBI Capital Markets are the book-running lead managers to the issue, while KFin Technologies Ltd is the registrar.
• CMPDI IPO allotment date: The basis of allotment is likely to be finalised on March 25.
• Listing date: The listing on the NSE and the BSE will take place on March 30.

CMPDI IPO GMP

The unlisted shares of CMPDI, according to investorgain.com and media reports, are trading at ₹173.5, reflecting a grey market premium of 0.87% or ₹1.5 compared to the upper price band of ₹172.