et_marketsabout 10 hours ago
BEARISH(85%)
sell
Coal India arm CMPDI IPO opens for subscription. Check brokerages review, GMP and other details
Read original source+2.4
Market Impact Score
-100 Bearish+100 Bullish
AI Analysis
IPO performance is a gauge of investor sentiment and liquidity. OFS issues do not directly benefit the company's balance sheet.
Trading Insight
Monitor the subscription figures, especially institutional and HNI portions, to gauge demand and potential listing performance.
Quick check: SUNPHARMA bearish bias (-1.8% 1d), CIPLA bearish bias (oversold).
Key Evidence
- •CMPDI IPO opens on March 20.
- •Modest 2% grey market premium (GMP) indicates a steady debut.
- •Rs 1,842 crore offer for sale (OFS), priced between Rs 163-172.
- •No fresh capital will be raised for the company.
- •Risk flag: Low GMP indicating limited listing pop
Sectors:mining
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