What is the subscription status of the Central Mine Planning & Design Institute IPO on its second day?

On the second day of bidding, the Central Mine Planning & Design Institute IPO received 25% subscription, with bids for 2,02,84,720 shares out of 7,97,89,500 shares offered.

How did Qualified Institutional Buyers (QIBs) participate in the Central Mine Planning IPO?

Qualified Institutional Buyers showed strong interest, with their portion of the IPO achieving 62% subscription.

What were the subscription rates for retail and non-institutional investors in the Central Mine Planning IPO?

Retail Individual Investors subscribed to 17% of their allocated quota, while non-institutional investors subscribed to 8%.

Home / Business and Economy / Mining IPO Sees Slow Start: 25% Subscribed

Mining IPO Sees Slow Start: 25% Subscribed

24 Mar

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Summary

Central Mine Planning & Design Institute IPO subscribed 25% on the second day.
Qualified Institutional Buyers subscribed 62% of their allocated portion.
Retail investors showed less interest, subscribing only 8% of their quota.

Mining IPO Sees Slow Start: 25% Subscribed

The initial public offering (IPO) for Central Mine Planning & Design Institute Ltd, an arm of state-owned Coal India, experienced a measured response on its second day of bidding, achieving 25% subscription. This translates to bids for 2,02,84,720 shares against the total offering of 7,97,89,500 shares. Investor interest varied across different categories.

Qualified Institutional Buyers (QIBs) demonstrated significant engagement, with their portion of the IPO receiving 62% subscription. In contrast, retail individual investors showed more reserved participation, with only 17% of their quota being subscribed. Non-institutional investors also exhibited caution, with their category seeing only an 8% subscription rate.

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