New Delhi, March 20 -- The initial public offering (IPO) of Central Mine Planning & Design Institute Limited, an arm of state-owned Coal India, which opened for subscription today, March 20, received a muted response from investors.

By the end of the day, the issue was subscribed just 0.07 times, with 53.74 lakh shares bid for against the 7.98 crore shares on offer, according to exchange data.

The retail portion was subscribed 0.10 times, while the non-institutional investor (NII) segment was booked just 0.05 times, and the qualified institutional buyer (QIB) portion has not yet opened for bidding. Meanwhile, the employee quota was subscribed 0.06 times.

The issue is entirely an offer for sale (OFS) of 10.71 crore shares with a face va...