Caliber Mining IPO Day 1: GMP, subscription status, review, other details. Apply or not?

Caliber Mining and Logistics IPO opened on 17 July 2026 at a price band of ₹402 to ₹424 per share, aiming to raise ₹450 crore through a mix of ₹400 crore fresh issue and ₹50 crore Offer for Sale. The grey market premium stands at around ₹100, and brokerages including KC Securities and Swastika Investmart have recommended 'Apply' or 'buy' citing an order book of over ₹9,500 crore and a post-issue P/E of about 17-18x FY26 earnings. The issue closes on 21 July 2026, with tentative allotment on 22 July and listing expected on 24 July on BSE and NSE.