Caliber Mining and Logistics IPO listing: Shares debut at a decent premium, erase gains amid weak market sentiment
AI Summary
Caliber Mining and Logistics had a strong IPO debut on July 24, listing at ₹504 on the BSE, a 19% premium over the issue price of ₹424, but later saw its shares decline to around ₹463 amid weak market sentiment. Despite this drop, the stock remains above its issue price, indicating a mixed response from investors.
Caliber Mining and Logistics IPO: Caliber Mining and Logistics shares made a decent debut on the Indian bourses on Friday, 24 July, but soon erased gains to trade in the red amid weak stock market sentiment.
Caliber Mining and Logistics' share price was listed at ₹504 on the BSE, a premium of 19% over the issue price of ₹424. On the NSE, the stock was listed at ₹500.25, 18% above the issue price.
Later, the stock fell to the levels of ₹463.15 on the BSE and to ₹463.35 on the NSE, still trading above the issue price.
The stock's debut exceeded grey market expectations, as the grey market premium (GMP) of Caliber Mining and Logistics, according to the websites tracking the grey market, on Friday morning was ₹64 per share, suggesting the stock could list at ₹488.
(This is a developing story. Please check back for fresh updates.)
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