Caliber Mining & Logistics IPO listing tomorrow. Here's what GMP signals ahead of debut

Caliber Mining & Logistics IPO is set to list on BSE and NSE on Friday, 24 July, with shares trading at a grey market premium of ₹77, indicating an estimated listing price of ₹501, an 18.16% premium over the issue price of ₹424. The ₹450-crore IPO was subscribed 146.64 times during the three-day bidding window and had raised ₹134.99 crore from anchor investors including Ashoka India Equity Investment Trust, Carnelian India Amritkaal Fund, and Quant Mutual Fund. The Maharashtra-based integrated mining services company will use fresh issue proceeds to repay debt and fund capital expenditure for commercial vehicles and machinery.