Investor optimism has also spread to the gray market. The stock currently commands a gray 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. As per the current GMP, the shares are expected to debut at around Rs 518 apiece.
The public issue aims to raise Rs 450 crore, comprising a fresh issue of 94 lakh shares worth Rs 400 crore and an offer for sale (OFS) of 12 lakh shares aggregating Rs 50 crore.
The basis of allotment is likely to end on July 22, while the company’s shares are expected to be listed on the NSE and BSE on July 24, 2026.
Caliber Mining & Logistics has set the price band between Rs 402 and Rs 424 per share, and investors have to bid for a minimum lot of 35 shares, which translates to a minimum investment of Rs 14,840 at the upper end of the price band.
Live events
Ahead of the IPO, the company mobilized Rs 134.99 crore from anchor investors by allocating 31.84 lakh shares at Rs 424 each.
The anchor book attracted strong participation from prominent 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. Reflecting healthy institutional appetite, two domestic mutual funds subscribed to 15.33 lakh equity shares across five schemes. DAM Capital Advisors is the lead manager of the issue, while KFin Technologies is the registrar.
Caliber Mining & Logistics IPO Subscription Status
At the end of day 3, the IPO had been subscribed 147 times in total. Here’s a breakdown by category
Retail Individual Investors (RII): The category recorded 41 times subscription for 39.17 lakh reserved shares.
Non-Institutional Investors (NII): The category recorded 267 times subscription for 16.79 lakh reserved shares.
Qualified Institutional Buyers (QIB): The category recorded 241 times subscription for 22.38 lakh reserved shares.
Caliber Mining and Logistics GMP today
On the gray market, Caliber Mining & Logistics shares continue to trade at a GMP of around Rs 94, implying a potential listing price of nearly Rs 518 per share, or a premium of around 22% over the IPO’s upper price band of Rs 424.
Investors should note that the gray market premium is an unofficial indicator based on market sentiment and unregulated trading activity. While it provides clues about pricing expectations, it should not be considered the sole basis for investment decisions.
About Caliber Mining and Logistics
Founded in 2014, Caliber Mining & Logistics is an integrated mining services company that offers comprehensive solutions across the entire coal mining value chain. Its services include debris removal, coal extraction, loading and unloading, road transportation and rail logistics coordination.
The company primarily serves subsidiaries of Coal India Ltd., with Western Coalfields Ltd. (WCL) and Northern Coalfields Ltd. (NCL) among its major customers.
Caliber entered the coal logistics business in fiscal 2016, 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 span across Maharashtra, Chhattisgarh and Madhya Pradesh, strengthening its presence in key mining regions of India.
How will the proceeds from the IPO be used?
Caliber Mining & Logistics plans to use the proceeds from the new issue to strengthen its balance sheet and improve its operating capabilities.
Of the total revenue, Rs 175 crore will go towards repayment or prepayment of existing loans. Another Rs 200 crore has been earmarked for capital expenditure, primarily to procure new machinery and equipment that will support the company’s expansion plans. The remaining funds will be used for general corporate purposes.
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