IPO: Central Mine Planning and Design Institute (CMPDIL), an arm of Maharatna PSU Coal India, has raised Rs 470 crore from anchor investors.
Life Insurance Corporation of India (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Company are among the anchor investors.
Central Mine Planning allotted 2.73 crore equity shares to 22 funds at Rs 172 per share, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore.
CMPDIL IPO Price Band
CMPDIL's Rs 1,842-crore IPO will open for subscription on March 20 and conclude on March 24.
The price band has been fixed at Rs 163-172 per share, valuing the company at around Rs 12,280 crore at the higher end, the company announced.
The issue will be entirely 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 fresh issue component.
