New Delhi, March 30 Shares of Central Mine Planning & Design Institute Ltd, a subsidiary of state-owned Coal India, listed on Monday at a discount of nearly 7 per cent against the issue price of Rs 172.
The stock began trading at Rs 162.80, down 5.34 per cent from the issue price on the BSE.
At the NSE, the stock listed at Rs 160, a discount of 6.97 per cent.
The company's market capitalization stood at Rs 11,698.89 crore.
The initial public offering of Central Mine Planning & Design Institute Ltd was fully subscribed on the last day of bidding last week.
The IPO, worth Rs 1,842 crore, had a price band of Rs 163-172 per share.
The entire IPO was an Offer For Sale (OFS) of 10.71 crore shares, worth Rs 1,842.12 crore at the upper end, by Coal India, with no new issue component.
CMPDIL was incorporated in 1975 as a wholly-owned subsidiary of Coal India.
It offers consultancy and support services for the entire spectrum of coal and mineral exploration, as well as mine planning and design services.
Its services also include infrastructure engineering, environmental management, geomatics, specialized technology services, and management systems, primarily for the coal industry and other minerals.
