New Delhi, March 17 -- The initial public offering (IPO) of Coal India subsidiary - Central Mine Planning - is poised to hit the Indian primary market this week, marking the divestment in just three months by the Maharatna company.

The IPO of Bharat Coking Coal (BCCL), another Coal India subsidiary, opened earlier this year, garnering bumper demand of 143.85 times from investors and nearly doubling investors' money in a short span despite weak market sentiment.

Now, it remains to be seen if the Central Mine Planning IPO can repeat the same performance. Investor interest remains already heightened as signalled by the grey market trends, marking a sharp departure from the prevailing IPO market trend.

The IPO market saw some activity in t...