Caliber Mining and Logistics has kicked off its IPO process with significant momentum. Data from the first day shows investors placed bids for over 9.6 million shares, easily outpacing the 7.4 million shares currently available to the public.
With a price band established between ₹402 and ₹424, the company is aiming to capitalize on high investor appetite. The bidding process remains open through July 21, providing retail and institutional players additional time to secure their positions.
Market observers have taken note of the bullish sentiment surrounding the offering. Grey market indicators are currently projecting a potential listing price near ₹529, which would represent an impressive 38% premium over the upper price band.
The strong debut suggests a high level of confidence in the firm's logistics and extraction strategies. Analysts are closely watching the next few days to see if the subscription rate continues to climb at this accelerated pace.
