Caliber Mining and Logistics IPO: Issue received a solid response on Day 01, booked 1.3 times

Caliber Mining and Logistics IPO received a solid response on Day 1 of bidding, getting subscribed 1.31 times with bids for 96.54 lakh shares against 74.29 lakh shares on offer. Retail and non-institutional investor segments were subscribed 1.70 and 1.69 times respectively, while the QIB portion was subscribed 0.31 times. The ₹450 crore issue, with a price band of ₹402 to ₹424 per share, closes on July 21, and the grey market premium stood at ₹105, suggesting an estimated listing price of around ₹529, about a 38 percent premium.