New Delhi, March 16 -- The initial public offering (IPO) of Coal India subsidiary - Central Mine Planning & Design Institute - is set to hit Dalal Street this week, raising hopes of a turnaround in the primary market sentiment.

The investor interest in the Mini Ratna PSU stock's IPO is clearly evident by the grey market activity. According to websites tracking the unofficial market, Central Mine Planning IPO GMP today is Rs.21, suggesting a 12% listing gain for investors.

Apart from gains for its investors, Central Mine Planning IPO also promises a windfall for its parent Coal India, which is the sole seller in the upcoming issue, which is a complete offer for sale.

Central Mine Planning IPO today, March 16, announced the price band at...