Caliber Mining IPO: GMP Signals 24% Listing Profit; Check Subscription Status, Price Band & Should You Invest?

Caliber Mining IPO Details

As per the company's DRHP, Caliber Mining IPO has kept the price band at Rs. 402 to Rs. 424 per share.

For the retail investors, the minimum required investment is Rs. 14,840 lot size for an application is 35 shares.

Caliber Mining IPO issue is worth Rs. 450.00 crores and it is a combination of both a fresh issue of 0.94 crore shares of Rs. 400.00 crores and offer for sale of 0.12 crore shares worth Rs. 50.00 crores.

Before the opening of the bidding process today, the company raised Rs. 135.00 crore from anchor investors on July 16.

Caliber Mining IPO Subscription Status

So far on day 1 by 1 PM, the Caliber Mining IPO was subscribed 0.76 times overall. The public issue was subscribed 0.97 times in the retail category, 0.31 times in QIB and about 0.89 times in the NII category.

Caliber Mining IPO GMP
The issue is gaining a lot of attention in the grey market already since the Caliber mining IPO GMP has crossed Rs. 100.

As of 1 PM today, the Caliber Mining IPO GMP is at Rs. 102. If we calculate with the upper price band which is Rs. 424.00, Caliber Mining IPO's expected listing price is Rs .526 indicating a profit of 24.06%.

Should You Invest In Caliber Mining IPO

Three out of five brokerages which reviewed the ipo have given an apply rating to it.

Swastika Investmart, in its IPO review note stated, "The company reportedly has an order book of around Rs .9,500+ crore, providing good revenue visibility over the next few years. The post-issue P/E is around 17-18x FY26 earnings, which is acceptable compared with listed mining-services peers. RoNW of 24.38% is the highest among listed peers, reflecting excellent capital utilization."

Hence, the brokerage is positive on the issue while stating, "Subscribe for medium-to-long term investment or to capture potential listing gains."

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