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The Economic Times
The Economic Times
Ritesh Presswala

Caliber Mining & Logistics IPO Day 1: Issue subscribed 61% so far; GMP signals 25% listing gain

Caliber GMP Mining IPO Coal

Caliber Mining & Logistics' Rs 450-crore initial public offering (IPO) opened for subscription on Friday and has received a healthy response from investors. As of 12:05 pm on Day 1, the issue was 61% subscribed, with strong participation from retail and non-institutional investors.

The IPO has also generated significant buzz in the grey market, where the company's shares are commanding a Grey Market Premium (GMP) of around Rs 105. Based on the upper price band of Rs 424, the current GMP indicates a potential 25% listing premium, translating into an estimated listing price of around Rs 529 per share. However, investors should remember that GMP is an unofficial market indicator and should not be the sole basis for investment decisions.

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