Caliber Mining & Logistics IPO Day 2: GMP signals 27% listing gain; Issue sees strong investor demand

Caliber Mining and Logistics IPO was fully subscribed on Day 1 at 1.21 times, led by retail investors at 1.58 times and NIIs at 1.59 times, while QIB portion saw 29% subscription. The company aims to raise Rs 450 crore through a fresh issue of Rs 400 crore and an offer for sale of Rs 50 crore, with the price band fixed at Rs 402-424 per share. Grey market premium of about Rs 115 indicates an estimated listing price of around Rs 539, implying about 27% gain over the upper price band. Marquee anchor investors including Quant Mutual Fund, Helios Small Cap Fund, and Ashoka India Equity Investment Trust participated by allotting 31.84 lakh shares at Rs 424 apiece, raising Rs 134.99 crore.