Caliber Mining IPO gets subscribed 146.64 times on strong investors' response

New Delhi, Jul 21 (PTI) The initial public offer of Caliber Mining and Logistics Ltd received a massive 146.64 times subscription on the closing day of bidding on Tuesday.

The IPO got bids for 114.90 crore (1,14,90,37,400) shares against 78.35 lakh (78,35,821) shares on offer, as per NSE data.

The non-institutional investor category fetched a whopping 267.36 times subscription, and the portion for Qualified Institutional Buyers (QIBs) was subscribed 240.71 times. Retail investors’ quota received 41.15 times subscription.

Caliber Mining and Logistics Ltd on Thursday raised Rs 135 crore from anchor investors.

The IPO has a fresh issue of equity shares worth Rs 400 crore and an offer-for-sale (OFS) of shares worth Rs 50 crore by promoters.

The issue

has been priced in the range of Rs 402-424 per share.

Incorporated in 2014, Caliber Mining and Logistics provides integrated mining services, including overburden removal, coal extraction and coal logistics. The company operates across Maharashtra, Madhya Pradesh and Chhattisgarh.

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

DAM Capital Advisors Ltd is the book-running lead manager to the offer. PTI SUM SUM MR