Caliber Mining and Logistics Limited has secured ₹134.99 crore in anchor investor commitments ahead of its initial public offering, which opens to the public on July 17.
The mining operator, which specializes in overburden removal, coal extraction, and logistics services, allocated 3,183,961 shares to anchor investors at the upper end of its price band, ₹424 per share.
This full subscription of the anchor portion indicates robust institutional interest before retail and qualified institutional buyers begin bidding.
The anchor round was fully subscribed, with participation from a diverse group of investors including mutual funds, insurance companies, and alternative investment funds.
The company had previously fixed its price band between ₹402 and ₹424 per equity share, with a face value of ₹10.
By pricing the anchor allocation at the cap, Caliber Mining signals confidence in its valuation and the strength of demand from large-scale investors.