Central Mine Planning IPO Opens March 20 with Rs 1,842 Crore Offer-for-Sale

Central Mine Planning Design Institute (CMPDI), a subsidiary of Coal India, has set its IPO price band at Rs 163-172 per share, aiming to raise approximately Rs 1,842 crore through an offer-for-sale of 10.71 crore shares. The subscription opens on March 20 and closes on March 24, with allotment expected by March 25 and listing around March 30 on BSE and NSE. The IPO proceeds will go entirely to Coal India, with no fresh shares issued. Grey market premiums suggest potential listing gains, though these are unofficial.