Caliber Mining and Logistics Ltd has launched its initial public offering on the Indian primary market, with shares trading at a significant premium in unofficial channels on the first day of subscription.
Market observers report a grey market premium (GMP) of ₹100 per share, suggesting robust initial demand from investors ahead of the listing.
The GMP implies a potential listing gain of approximately 24% over the upper price band, a signal that often influences subscription momentum in the final days of an IPO window.
The company fixed its price band at ₹402 to ₹424 per equity share, with a face value of ₹10.
The subscription window remains open until July 21, 2026, giving institutional and retail investors five days to submit bids.
The GMP implies a potential listing gain of approximately 24% over the upper price band, a signal that often influences subscription momentum in the final days of an IPO window.
Caliber Mining operates in the coal mining and logistics sector, a space seeing renewed interest as India continues to balance energy security with transition goals.