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The Economic Times
The Economic Times
Ritesh Presswala

Caliber Mining & Logistics IPO subscribed 147x; GMP signals 22% listing gain

Caliber Mining GMP IPO Coal

Caliber Mining & Logistics' Rs 450-crore IPO witnessed overwhelming investor demand on the third and final day of bidding, closing with an overall subscription of 146.63 times against the 78.35 lakh shares on offer. Retail participation remained strong, with the Retail Individual Investors (RII) portion subscribed 41.14 times against the 39.17 lakh shares reserved for the category.

Investor optimism has also spilled over into the grey market. The stock is currently commanding 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 prevailing GMP, the shares are expected to debut at around Rs 518 apiece.

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