New Delhi, Jul 24 (PTI) Shares of Caliber Mining and Logistics Ltd on Friday ended with a premium of nearly 25 per cent against the issue price of Rs 424.
The stock started trading at Rs 504, up 18.86 per cent from the issue price, on the BSE. Later, it surged 26.92 per cent to Rs 538.15. Shares of the firm finally settled at Rs 528.50, up 24.64 per cent.
On the NSE, the stock listed at Rs 500.25, registering a jump of 17.98 per cent from the issue price. It ended at Rs 528.20, surging 24.57 per cent.
The company commanded a market valuation of Rs 3,455.11 crore.
In traded volume terms, 21.63 lakh shares of the firm changed hands on the BSE and 231.56 lakh shares on the NSE during the day.
The initial public offering of Caliber Mining and Logistics
Ltd received a massive 146.64 times subscription on the closing day of bidding on Tuesday.
The IPO comprised 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 IPO price band was fixed 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. PTI SUM SHM
