Overview
- The offer drew bids for 52,44,320 shares against 7,97,89,500 on offer on day one, translating to 7% overall subscription, with retail at 10% and non-institutional at 5%.
- The Rs 1,842 crore issue comprises a 10.71 crore-share offer-for-sale by Coal India with no proceeds to CMPDI; subscriptions close March 24, allotment is expected March 25, and listing is targeted for March 30.
- The price band is set at Rs 163–172 per share, with a minimum application size of 80 shares.
- CMPDI raised Rs 469.74 crore from 22 anchor investors at Rs 172 per share, including LIC, Nippon India Mutual Fund and ICICI Prudential Mutual Fund.
- The prospectus highlights reliance on top customers and on Coal India and government funding, while FY25 results show Rs 666.91 crore in net profit on Rs 2,177.53 crore in revenue.