QIB portion subscribed 3.48 times on Day 3

The issue generated a demand of close to Rs 1,439.5 crore

The Initial Public Offering of Central Mine Planning & Design Institute Limited was subscribed 1.05 times on the final day of bidding.

The issue received bids of 8,36,92,960 equity shares against the offered 7,97,89,500 equity shares, according to data available on the stock exchanges.

Qualified Institutional Buyer (QIB) and Retail Portion were subscribed 3.48 times and 0.33 times, respectively. Non-Institutional Investors (NII) Portion was subscribed 0.35 times.