The creator discusses the IPO of Central Mine Planning & Design Institute, highlighting its role in mineral exploration and planning, and advises a staggered investment approach.
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Central Mine Planning IPO | Analysis | GMP | Review
The creator discusses the IPO of Central Mine Planning & Design Institute (CMPDI), a subsidiary of Coal India. The company focuses on mineral and coal exploration and planning. While its revenue from coal is decreasing, it's diversifying into other minerals. The IPO is priced at ₹172 with a company valuation of ₹12,000 crore, with funds going to Coal India. The creator notes the current market's high valuation of exploration companies due to geopolitical factors and the demand for minerals. CMPDI offers a dividend yield of around 2-2.5% and has positive cash flow. The creator advises investing in installments or via SIP due to the company's nature and suggests limited listing gains are expected due to the high valuation.
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