Caliber Mining and Logistics IPO fully subscribed on Day 1; check price band, lot size and key dates

The initial public offering of Caliber Mining and Logistics Ltd was fully subscribed on the first day of bidding on Friday, July 17.

It got bids for 78,17,110 shares as against 78,35,821 shares on offer, according to the NSE data until 3:08 pm. The portion for non-institutional investors mobilised 1.24 times subscription and the category for retail investors received 1.30 times subscription. The quota meant for qualified institutional buyers (QIBs) got subscribed 29%.

The initial public offering consists of a fresh issuance of shares aggregating to ₹400 crore and an offer for sale (OFS) component of ₹50 crore by promoters Mohit Satishkumar Chadda, Manish Krishanlal Chadda, Anuj Krishanlal Chadda and Rahul Roshanlal Chadda.

The funds raised will be used for debt repayment, capital expenditure for the purchase of commercial vehicles, plant and machinery and general corporate purposes.

The issue, with a price band of ₹402 to ₹424 per share, will end on July 21. A lot consists of 35 shares.

Before the IPO, the company raised ₹135 crore from anchor investors. The company allocated 31.83 lakh shares to anchor investors at ₹424 per share, according to a circular uploaded on the stock exchanges.

The anchor round saw participation from investors including Carnelian India Amritkaal Fund, Ashoka India Equity Investment Trust Plc, Abakkus Four2Eight Opportunities Fund, Quant Mutual Fund and Helios Mutual Fund.

Caliber Mining and Logistics IPO allotment and listing date

It does not own any mines but provides end-to-end mining and logistics services to its customers.