CMPDI IPO Closes Fully Subscribed – But Only Because Institutions Stepped In at the Last Hour
Coal India’s subsidiary CMPDI concluded its IPO on March 24, 2026, with a 1.05x subscription, largely thanks to late institutional interest, as retail demand was low. CMPDI, crucial to India’s coal industry, shows strong financials but relies heavily on Coal India for revenue. It’s poised for steady dividends, appealing to long-term investors.
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