Caliber Mining & Logistics IPO Day 3: GMP hints at 22% listing gain as issue draws robust investor interest

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The IPO witnessed healthy participation through Day 2, with bids for 23.73 times the 78.35 lakh shares on offer. Retail investors remained enthusiastic, subscribing to their reserved portion 16.13 times against the 39.17 lakh shares earmarked for the segment.
The company plans to raise Rs 450 crore through the public offering, comprising a fresh issue of 94 lakh equity shares worth Rs 400 crore and an Offer for Sale (OFS) of 12 lakh shares aggregating Rs 50 crore.
The basis of allotment is expected to be finalized on July 22, while the stock is likely to make its debut on the NSE and BSE on July 24, 2026.
Caliber Mining & Logistics has fixed the IPO price band at Rs 402-424 per share. Investors can bid for a minimum lot of 35 shares, requiring an investment of Rs 14,840 at the upper price band.
Ahead of the issue, the company raised Rs 134.99 crore from anchor investors by allotting 31.84 lakh equity shares at Rs 424 apiece.
The anchor book attracted a diverse mix of marquee institutional investors, including Ashoka India Equity Investment Trust Plc, Carnelian India Amritkaal Fund, Abakkus Four2Eight Opportunities Fund, Quant Mutual Fund, and Helios Small Cap Fund. In a sign of strong institutional confidence, two domestic mutual funds subscribed to 15.33 lakh equity shares across five schemes.
DAM Capital Advisors is the book-running lead manager to the issue, while KFin Technologies is the registrar.
Caliber Mining & Logistics IPO subscription status
Caliber Mining & Logistics' IPO continued to attract robust investor interest on the second day of bidding, with the issue being subscribed 23.73 times overall. The company received bids for 23.73 times the 78.35 lakh shares on offer.
The Retail Individual Investors (RII) portion was subscribed 16.13 times against the 39.17 lakh shares reserved for the category. The Non-Institutional Investors (NII) segment witnessed overwhelming demand, garnering 71.21 times subscription on the 16.79 lakh shares set aside for the category.
Meanwhile, the Qualified Institutional Buyers (QIB) quota was subscribed 1.42 times, with bids received for the 22.38 lakh shares reserved for institutional investors.
Caliber Mining & Logistics GMP today
In the grey market, Caliber Mining & Logistics shares are trading at a Grey Market Premium (GMP) of around Rs 94, indicating a potential listing gain of nearly 22% over the IPO's upper price band of Rs 424. Based on the current GMP, the stock is expected to list at around Rs 518 per share.
However, investors should keep in mind that the GMP is an unofficial indicator based on grey market activity and reflects prevailing market sentiment. It should not be the sole basis for making an investment decision.
About Caliber Mining & Logistics
Established in 2014, Caliber Mining & Logistics is an integrated mining services company offering end-to-end solutions across the coal mining value chain. Its services include overburden removal, coal extraction, loading and unloading, road transportation, and rail logistics coordination.
The company primarily caters to subsidiaries of Coal India Ltd., with Western Coalfields Ltd. (WCL) and Northern Coalfields Ltd. (NCL) among its major clients.
Caliber entered the coal logistics business in FY16, providing integrated transportation solutions. In FY23, it diversified into the iron ore logistics segment, expanding its service portfolio beyond coal.
The company's mining and logistics operations are spread across Maharashtra, Chhattisgarh, and Madhya Pradesh, strengthening its presence in India's key mining regions.
How will the IPO proceeds be utilized?
Caliber Mining & Logistics plans to use the proceeds from the fresh issue to strengthen its balance sheet and enhance its operational capabilities.
Out of the total proceeds, Rs 175 crore will be allocated towards the repayment or prepayment of existing borrowings. Another Rs 200 crore has been earmarked for capital expenditure, primarily to acquire new machinery and equipment that will support the company's expansion plans. The remaining funds will be utilized for general corporate purposes.
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document fetched 2026-07-21 08:20