CMPDI IPO: State-owned Coal India's subsidiary, Central Mine Planning and Design Institute (CMPDI), has raised ₹470 crore in the anchor round ahead of its initial public offering (IPO) opening for subscription.
Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), ICICI Prudential MF, Edelweiss MF, Baring Private Equity India Fund, Edelweiss Life Insurance Company, General Insurance Corporation of India, Citigroup, Goldman Sachs, Societe Generale and BNP Paribas Financial are among the anchor investors, as per the circular uploaded on the BSE's website.
The consultancy firm allotted 2.73 crore shares to 22 funds at ₹172 per share, the upper price band of the issue, taking the transaction size to ₹469.74 crore.
CMPDI IPO
The ₹1,842.12 crore IPO of CMPDI, which is open from March 20 to March 24, has fixed a price band of ₹163 to ₹172 per share.
The issue is solely an offer for sale of 10.71 crore equity shares by Coal India Limited, with no fresh issue component.
Incorporated as a wholly-owned subsidiary of Coal India in 1975, CMPDIL provides consultancy and support services for the entire gamut of coal and mineral exploration and mine planning and design services.
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Its services also include environmental management, geomatics, infrastructure engineering, management systems and specialised technology services, primarily for the coal industry and other minerals. It operates seven regional institutes situated in key coal-producing states, including Madhya Pradesh, Odisha, Chhattisgarh and West Bengal.
The basis of allotment of CMPDI will be finalised on March 25, while the state-owned firm will make its secondary market debut on March 30.
SBI Capital Markets and IDBI Capital Markets and Securities are the merchant bankers for the public issue, while KFin Technologies serves as the registrar.
CMPDI IPO GMP
According to investorgain.com and media reports, CMPDI's unlisted shares are trading at ₹176, reflecting a grey market premium (GMP) of 2.33% or ₹4 compared to the upper price band of ₹172.

