This newly listed IPO slides 13% below issue price, hits record low

The stock declined as much as 1.40% to ₹150.16 apiece, its all-time low level, on the National Stock Exchange (NSE). At 12:05 pm, it was down 0.60% to ₹151.39.

The company's market capitalisation stands at ₹10,810.67 crore.

The scrip hit its 52-week high of ₹168.70 on March 30, 2026.

Here's how CMPDI shares are performing vs issue price

At the intraday low, it is down 12.69% from the issue price.

The ₹1,842 crore initial public offering was solely an offer for sale (OFS) component of 10.71 crore shares by promoter Coal India. It had set a price band of ₹163 to ₹172 per share.

Since there was no fresh issue component, the company did not get any proceeds from the issue. "Our company expects that listing of the equity shares will enhance our visibility and brand image and provide liquidity and a public market for the equity shares in India," CMPDI had said in its red herring prospectus (RHP).

The IPO was subscribed 1.05 times, as it got bids for 8,37,16,560 shares compared to 7,97,89,500 shares on offer.

Prior to the IPO, the firm had raised ₹469.74 crore in the anchor round from investors, including Life Insurance Corporation of India (LIC), ICICI Prudential Mutual Fund (MF), Edelweiss Life Insurance Company, Goldman Sachs, Baring Private Equity India Fund, Edelweiss MF, Nippon India MF, Societe Generale, BNP Paribas Financial, General Insurance Corporation of India and Citigroup.

CMPDI, a 'Miniratna' company, is a premier consultant in mineral exploration, mine planning and design, and environmental engineering.