Summary of this article
Caliber Mining IPO entered its final subscription day with strong demand across investor categories
Overall subscription reached 65.35 times, led by 202.80 times NII demand
GMP fell to Rs 74, indicating a 17.45 per cent listing premium
Caliber Mining IPO GMP: The initial public offering (IPO) of Caliber Mining and Logistics entered the final day of subscription on July 21, receiving strong interest from investors across all categories.
The highest demand came from non-institutional investors (NIIs), while qualified institutional buyers (QIBs) and retail investors also subscribed actively. Although investor demand remained strong during the bidding period, the grey market premium (GMP) has declined over the past few sessions from the higher levels seen when the IPO first opened.
Founded in 2014, Caliber Mining and Logistics provides coal mining and logistics services. Its business includes coal extraction, removing overburden, loading and unloading coal, transporting coal by road, loading railway rakes, coordinating rail transport, and coal trading. The company's major clients include Coal India subsidiaries such as Western Coalfields Ltd (WCL) and Northern Coalfields Ltd (NCL). As of April 30, 2026, Caliber Mining had a fleet of 1,911 vehicles, plants and machinery, and employed 5,521 people, according to its red herring prospectus (RHP).
Ahead of the public issue, the company had raised Rs 135 crore from anchor investors on July 16.
Caliber Mining IPO Allotment, Listing Dates
The Caliber Mining IPO is scheduled to close later today at 5:00 PM. The basis of allotment is expected to be finalised on July 22, while refunds and credits of shares to successful applicants' demat accounts are likely on July 23. The company is tentatively scheduled to make its stock market debut on the NSE and BSE on July 24.
Caliber Mining IPO Details
The Caliber Mining IPO is a book-built public issue worth Rs 450 crore. It comprises a fresh issue of 9.43 million equity shares aggregating to Rs 400 crore and an offer for sale (OFS) of 1.18 million shares worth Rs 50 crore.
The company had fixed a price band of Rs 402 to Rs 424 per share. Retail investors can apply for a minimum of one lot comprising 35 shares, which requires an investment of Rs 14,840.
The company plans to utilise the net proceeds primarily for repaying its loans amounting to Rs 208 crore and funding capital expenditure of Rs 167 crore for the purchase of machinery. The remaining proceeds will be used for general corporate purposes.
DAM Capital Advisors Ltd is the book-running lead manager to the issue, while Kfin Technologies Ltd is the registrar.
Caliber Mining IPO Subscription Status
As of 1:14 PM on July 21, the Caliber Mining IPO was subscribed 65.35 times overall.
The NII portion continued to dominate demand, attracting subscriptions of 202.80 times. Within the category, the big NII (bNII) segment was booked 219.42 times, while the small NII (sNII) portion was subscribed 169.55 times.
The retail investors' quota was subscribed 31.96 times, while the QIB portion, excluding anchor investors, was subscribed 20.70 times.
Overall, investors bid for 485.51 million shares against 7.43 million shares available across categories, with more than 2.83 million applications received by early afternoon on the final day of bidding.
Caliber Mining IPO GMP Today
The Caliber Mining IPO GMP stood at Rs 74 on July 21, according to market observers. Based on the upper price band of Rs 424, the grey market indicates a potential listing price of around Rs 498, implying an estimated listing gain of 17.45 per cent.
The Caliber Mining IPO GMP, however, has declined steadily over the past few days. It stood at Rs 117 on July 18 before slipping to Rs 115 on July 19. The premium fell further to Rs 94 on July 20 and has now eased to Rs 74 on the final day of the issue.
