Caliber Mining IPO Day 2: Issue subscribed 1.21x so far. Check GMP, key dates, review. Should you apply or not?

Caliber Mining and Logistics IPO was subscribed 1.21 times on the opening day, with retail and NII portions seeing 1.58x and 1.59x subscription respectively, while QIBs received 29% bids. The issue, priced at ₹402-424 per share, raised ₹135 crore from anchor investors, and grey market premium of ₹115 suggests an estimated listing price of ₹539, a 27.12% premium over the upper price band. Brokerages including Anand Rathi, Angel One and Swastika Investmart have recommended subscribing, citing the company's about ₹9,550 crore order book, reasonable valuation of around 17-18x FY26 earnings and 24.38% RoNW.