Coal India’s arm CMPDIL shares drop over 10% in debut trade

New Delhi: Shares of Central Mine Planning & Design Institute Ltd, an arm of state-owned Coal India, on Monday ended with a discount of over 10 per cent against the issue price of Rs 172.

The stock started trading at Rs 162.80, down 5.34 per cent from the issue price on the BSE. During the day, it plunged 11.45 per cent to Rs 152.30.

Shares of the firm later ended at Rs 154.05, down 10.43 per cent. At the NSE, the stock listed at Rs 160, registering a discount of 6.97 per cent. It finally ended at Rs 154.06, a decline of 10.43 per cent. The company’s market valuation stood at Rs 10,999.17 crore.