Caliber Mining shares slip over 3% after decent debut. Should you buy, sell or hold?

Caliber Mining and Logistics listed at a premium of around 18 percent on both NSE and BSE against the issue price of ₹424, but slipped over 3 percent intraday on profit booking, trading at ₹485-489 levels. The IPO was subscribed 146.64 times overall, with NII quota at 267.36 times, QIBs at 240.71 times, and retail at 41.15 times. Analyst Shivani Nyati advised fresh investors to wait for a correction and recommended existing allottees to hold with a stop-loss at ₹475 on a closing basis.