Caliber Mining IPO Day 3: Issue subscribed 23.73x so far. Check GMP, key dates, review. Should you apply or skip?

Caliber Mining and Logistics Ltd's IPO was subscribed 23.73 times on day 2 of bidding, with the NII portion booked 71.21x and retail portion at 16.13x. The price band is set at ₹402-424 per share with a lot size of 35 equity shares, and the grey market premium stands at ₹94, indicating an estimated listing price of about ₹518 (a 22.17 percent premium). The company, incorporated in 2014, operates integrated mining services across Maharashtra, Madhya Pradesh and Chhattisgarh with an order book of about ₹9,550 crore and had raised ₹135 crore from anchor investors ahead of the issue.