Caliber Mining & Logistics IPO Day 3: GMP, subscription status live, key dates, should you subscribe?

Caliber Mining & Logistics IPO Day 3: The initial public offering (IPO) of Caliber Mining & Logistics has entered its third day of subscription and has received nearly 40 times the subscription so far. The strong demand on the third day was primarily driven by Non-Institutional Investors (NIIs).

The IPO has received bids for 31,17,99,635 shares against 78,35,821 shares on offer, reflecting strong investor interest. Here's the subscription breakdown:

However, the IPO's GMP has been volatile. It stood at Rs 80 on July 14, rose to Rs 117 on July 18, and currently stands at Rs 94.

Caliber Mining & Logistics IPO: Key Dates

Caliber Mining & Logistics Allotment Date: Following the conclusion of the three-day subscription window later today, the IPO will move to the allotment phase on July 22.

Caliber Mining & Logistics Listing Date: After the share allotment process is completed, the company's shares are scheduled to be listed on the NSE and BSE on July 24.

About Caliber Mining & Logistics IPO

Caliber Mining IPO is a book-built issue worth Rs 450 crore. The issue comprises a fresh issue of 0.94 crore shares aggregating to Rs 400 crore and an offer for sale (OFS) of 0.12 crore shares aggregating to Rs 50 crore.

The IPO has been priced in the range of Rs 402 to Rs 424 per share. The lot size is 35 shares, and the minimum investment required for a retail investor is Rs 14,840.

Caliber Mining & Logistics IPO: Use of Proceeds

According to the company's Red Herring Prospectus (RHP), the proceeds from the IPO will be used for:

About Caliber Mining & Logistics

Caliber Mining and Logistics Limited is an integrated service provider specialising in coal extraction and coal logistics.

The company offers comprehensive mining and logistics services, including coal extraction, overburden removal, coal loading and unloading, road transportation, and rail transportation coordination. It provides end-to-end solutions for coal mining and logistics operations, catering to the needs of the mining industry.

(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)