Caliber Mining and Logistics shares list at up to 18.8% premium over IPO price

Caliber Mining and Logistics shares made a strong debut on the bourses on Thursday, listing at a premium over the IPO price of ₹424.

The stock listed at an 18.8 per cent premium at ₹504 on the BSE, while on the NSE, it debuted at ₹500.25, a 17.9 per cent premium.

At 10.44 am, the stock traded 15 per cent above the offer price at ₹486, hitting a high of ₹510 on the NSE.

Congratulations to Caliber Mining and Logistics Limited on getting listed on NSE today.Caliber Mining and Logistics Limited is an integrated service provider specializing in coal extraction and coal logistics. The company offers comprehensive mining and logistics services,… pic.twitter.com/PZ8PZXPHd0

Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said Caliber Mining & Logistics made a strong stock market debut, reflecting healthy investor confidence and the positive response received during the IPO.

While the listing has been encouraging, some profit booking in the near term cannot be ruled out after the sharp gain, Nyati said. Fresh investors should avoid chasing the stock at current levels and instead wait for a dip or consolidation before entering.

Overall, investors who received allotment can continue to hold the stock for the medium to long term, with a stop-loss at ₹475 on a closing basis, she said.

The IPO was backed by marquee anchors including Abakkus Fund (Sunil Singhania), Carnelian India Fund (Vikas Khemani), 3P India Equity (Prashant Jain), Helios Small Cap (Samir Arora), Quant Mutual Fund, Ashoka India Equity and Anchorage Capital Fund.

The initial public offer of Caliber Mining and Logistics received an overall 146.64 times subscription.

The non-institutional investor category was subscribed 267.36 times, while the portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 240.71 times. The retail investors’ quota received 41.15 times subscription.

Caliber Mining and Logistics raised ₹135 crore from anchor investors.

The IPO comprised a fresh issue of equity shares worth ₹400 crore and an offer-for-sale (OFS) of shares worth ₹50 crore by promoters. The issue was priced in the range of ₹402–424 per share.

DAM Capital Advisors Ltd was the book-running lead manager to the offer.

Incorporated in 2014, Caliber Mining and Logistics provides integrated mining services, including overburden removal, coal extraction and coal logistics. The company operates across Maharashtra, Madhya Pradesh and Chhattisgarh.