The second day of the public issue didn’t bring much excitement.
The CMPDI IPO Day 2 numbers are in, and the response so far remains on the slower side. Despite a well-known PSU backing, investors seem to be taking a cautious approach.
Let’s break it down simply.
Market Performance: CMPDI IPO Day 2 Subscription Update
By early afternoon on Day 2, the numbers tell a clear story.
- Overall subscription stood at 0.10 times
- Retail investors subscribed 0.15 times
- NII segment saw 0.07 times subscription
The pace is still slow. And at this stage, the issue is yet to pick up strong traction.
Main News: CMPDI IPO Day 2 Sees Limited Participation
The CMPDI IPO Day 2 trend shows that participation remains limited across categories.
The IPO opened on 20 March 2026 and will close on 24 March 2026. So, there is still time left for subscription numbers to build.
But for now, the early trend reflects a wait-and-watch mood in the market.
IPO Details: Key Numbers You Should Know
Here’s a quick, clear snapshot of the issue:
- IPO Size: ₹1,842 crore
- Issue Type: 100% Offer for Sale (OFS)
- Price Band: ₹163 to ₹172 per share
- Lot Size: 80 shares per lot
One important detail here — since this is a complete OFS:
- The company will not receive fresh funds
- The proceeds go to existing shareholders
This often becomes a key point investors track while evaluating IPOs.
Timeline: Important Dates for CMPDI IPO
Keeping track of dates helps in following the issue closely.
- IPO Open Date: 20 March 2026
- IPO Close Date: 24 March 2026
- Expected Allotment Date: 27 March 2026
- Expected Listing Date: 1 April 2026
- Listing Exchanges: BSE and NSE
The process is moving as scheduled, with listing expected at the start of April.
Company Details: What CMPDI Does?
Central Mine Planning & Design Institute (CMPDI) operates in a specialized space.
- It is involved in consultancy services for coal and mineral sectors
- Works closely within the mining ecosystem
- Focuses on planning, design, and technical support
The business is largely service-driven, rather than manufacturing-based.
Registrar and Lead Managers
For operational clarity, here are the key intermediaries:
- Registrar: KFin Technologies
- Lead Managers:
- IDBI Capital Markets Services
- SBI Capital Markets
These institutions handle the IPO process, from application to allotment.
Summary: CMPDI IPO Day 2 Shows Slow Start
The CMPDI IPO Day 2 update reflects a quiet beginning.
Here’s the quick takeaway:
- Subscription at 0.10x so far
- Retail at 0.15x, NII at 0.07x
- Issue size stands at ₹1,842 crore
- Entire IPO is an Offer for Sale
- Price band fixed at ₹163–₹172
In simple terms, the IPO has started on a slower note. The next two days will be important to see if participation improves.
For now, the numbers remain steady—but not aggressive.
