Caliber Mining & Logistics Shares Slip Over 3% After Debut
- 24th July 2026
- 10:00 AM
- 3 min read
Summary
Caliber Mining and Logistics shares fell more than 3% on their second trading day, giving up some gains after a strong stock market debut. The stock remained well above its issue price despite the pullback.Mumbai | July 24, 2026
Caliber Mining and Logistics shares slipped over 3% after a decent listing. On the BSE, the stock traded at ₹488.80, down 3.02% on the day, though still 15.28% above its issue price. On the NSE, the stock was quoted at ₹485.75, down 2.64%, remaining 14.91% higher than its IPO price of ₹424.
Subscription and Listing Details
The Caliber Mining and Logistics IPO was subscribed 154.66 times overall. The non-institutional investors portion was subscribed 267.36 times, the qualified institutional buyers category garnered 240.71 times subscription, and the retail investors’ quota was booked 41.15 times.
Shares had listed at ₹500.25 on the NSE, a premium of 17.98% over the issue price, and at ₹504 on the BSE, up 18.87%. The IPO was offered at a price band of ₹402 to ₹424 per share.
IPO Structure and Fund Utilisation
The IPO comprised a fresh issue of 94 lakh equity shares aggregating ₹400 crore and an offer for sale of 12 lakh equity shares worth ₹50 crore by existing shareholders. The selling shareholders in the OFS included promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda and Rahul Roshanlal Chadda.
The company intends to use net proceeds from the fresh issue to strengthen its balance sheet and expand its manufacturing capabilities. It has earmarked ₹175 crore for the repayment or prepayment of certain borrowings and ₹200 crore towards capital expenditure, mainly for the acquisition of machinery. The balance funds will be deployed for general corporate purposes.
DAM Capital Advisors Ltd acted as the book running lead manager to the issue, while KFin Technologies Ltd was appointed registrar.
About Caliber Mining and Logistics
Incorporated in 2014, Caliber Mining and Logistics Ltd provides integrated mining services, including overburden removal, coal extraction and coal logistics. The company operates across Maharashtra, Madhya Pradesh and Chhattisgarh, offering end to end mining and logistics solutions. While it does not own any mines, it undertakes mining operations and logistics services on behalf of its clients.
Stay updated on Indian equity and commodity markets. Read more market news on PL Capital →
Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
This is a knowledge-sharing initiative by PL Capital. The information provided is only for educational purposes and should not be considered as financial advice & has no influence on the investment/trading decisions of any investors.
For detailed disclaimers/disclosure and Mandatory terms and conditions please visit our website https://www.plindia.com/regulatory-content/
