Archive · 24 Jul 2026
Caliber Mining Shares Slip After Strong IPO Debut
Caliber Mining and Logistics Ltd had a strong debut on the stock market with its shares listing at a premium.
However, the shares slipped over 3% after the initial surge.
The company provides mining services and operates in several Indian states.
The IPO was highly subscribed, especially by non-institutional and institutional investors.
Experts suggest that while existing investors should hold the stock, new investors should wait for a correction before buying.
Caliber Mining shares listed at a premium of 17.98% on NSE and 18.87% on BSE.
Shares slipped over 3% after the initial surge, trading at ₹488.80 on BSE and ₹485.75 on NSE.
The IPO was subscribed 146.64 times, with high demand from non-institutional and institutional investors.
The company plans to use the proceeds for repaying borrowings and expanding manufacturing capabilities.
Experts advise holding the stock for medium- to long-term gains but suggest new investors wait for a correction.
- Who
- Caliber Mining and Logistics Ltd
- What
- A company providing integrated mining services, including overburden removal, coal extraction, and coal logistics.
- When
- The IPO was subscribed on Tuesday, and the shares started trading today.
- Where
- The company operates across Maharashtra, Madhya Pradesh, and Chhattisgarh.
- Why
- The company aims to strengthen its balance sheet, expand manufacturing capabilities, repay borrowings, and acquire machinery.
Buy
Sell or Hold
Investment Strategy
Buy
Investors should consider buying the stock for medium- to long-term gains due to the company's strong market debut and robust investor demand.
Sell or Hold
Fresh investors should avoid chasing the stock at current levels and wait for a correction or consolidation. Existing investors should hold with a stop-loss at ₹475.
- IPO Issue Price
- ₹424 per share
- Listing Price on NSE
- ₹500.25 per share
- Listing Price on BSE
- ₹504 per share
- Current Trading Price on BSE
- ₹488.80 per share
- Current Trading Price on NSE
- ₹485.75 per share
- IPO Subscription
- 146.64 times
- NII Subscription
- 267.36 times
- QIB Subscription
- 240.71 times
- Retail Subscription
- 41.15 times
- Fresh Issue Amount
- ₹400 crore
- Offer for Sale Amount
- ₹50 crore
- Repayment of Borrowings
- ₹175 crore
- Capital Expenditure
- ₹200 crore