Overview
- The IPO received bids for about 114.90 crore shares against 78.35 lakh shares on offer, closing 146.64 times subscribed as reported on Tuesday.
- Institutional and non-institutional investors drove demand with QIBs subscribed 240.71x, NIIs 267.36x, and retail applicants 41.15x.
- The offer was priced at a band of Rs 402–424 per share and comprised Rs 400 crore of fresh equity plus Rs 50 crore of promoter offer‑for‑sale, with Rs 135 crore placed to anchor investors before the public issue.
- Grey market indications fell late in the bidding to about Rs 83, implying an estimated listing price near Rs 507 and a roughly 19–20% listing gain based on the upper band; brokers still recommend subscribe for medium to long horizons while flagging leverage and execution risks.
- Caliber Mining provides integrated coal mining and logistics services across Maharashtra, Madhya Pradesh and Chhattisgarh without owning mines, and investors should watch allotment notifications expected July 22 and the scheduled NSE/BSE listing on July 24 for market price confirmation.