Caliber Mining IPO Day 3: Subscription Rises 31.59 Times As Investors Rush To Bid Before Closing

Mumbai, July 21: It’s the last chance for investors to bid for the Caliber Mining & Logistics IPO, and the response suggests many aren’t waiting until the final bell. The ₹450 crore public issue continued to witness heavy buying interest on Tuesday morning, with overall subscription touching 31.59 times by around 10:09 AM, as demand from non-institutional and retail investors remained exceptionally strong.

The three-day IPO, which opened for subscription on July 17, will close later today. While the issue received a steady response on the opening day, bidding gathered momentum and carried into the final session, putting the IPO on course to end with one of the strongest subscription figures among recent mainboard offerings.

NII Investors Continue To Lead The Charge

The biggest contributor to the subscription numbers has been the Non-Institutional Investor (NII) category, where demand has remained far ahead of the shares available.

By around 10:09 AM, the NII quota had been subscribed 99.85 times, with both investor segments witnessing aggressive participation. The bNII portion was booked 102.46 times, while the sNII category stood at 94.64 times.

Retail investors also continued to show confidence in the issue. Their reserved portion was subscribed 19.51 times, indicating that applications continued to flow in despite the increasing competition for allotment.

Meanwhile, the QIB (excluding anchor investors) category was subscribed 1.52 times during the morning session. Institutional investors often place large bids during the final hours of an IPO, making today’s closing numbers particularly significant.

Caliber Mining IPO Subscription Status On Day 3

As per exchange data available around 10:09 AM on July 21, investors had bid for 23,46,68,105 equity shares against 74,29,247 shares reserved for the public issue.

The category-wise subscription stood at:

• QIB (Ex-Anchor): 1.52 times
• NII: 99.85 times
• bNII: 102.46 times
• sNII: 94.64 times
• Retail Investors: 19.51 times
• Overall: 31.59 times

The IPO had also attracted more than 17 lakh applications by the latest update, reflecting widespread participation across investor categories.

Subscription Momentum Has Strengthened With Every Passing Day

The subscription trend tells the story of how quickly investor interest picked up.

On Day 1, the IPO was subscribed 1.31 times, suggesting a decent opening. By the end of Day 2, however, demand had surged to 25.04 times, fuelled largely by strong buying from wealthy investors and improving retail participation.

The final day has only added to that momentum. Within the first few hours of trading, the overall subscription crossed 31 times, with several hours of bidding still left. If the current pace continues, the issue could finish with an even higher subscription multiple by the close of market hours.

Caliber Mining IPO Details

Caliber Mining & Logistics is looking to raise ₹450 crore through a book-built public issue.

The issue comprises:

• Fresh Issue: 94,33,962 equity shares worth ₹400 crore
• Offer for Sale (OFS): 11,79,245 equity shares worth ₹50 crore

The IPO was offered in a price band of ₹402 to ₹424 per share, with the issue price fixed at ₹424 per share.

Retail investors can apply for a minimum of 35 shares, requiring an investment of ₹14,840. Thereafter, bids can be made in multiples of 35 shares.

The company’s shares are proposed to list on both the BSE and the NSE.

Reservation For Investors

The net issue has been divided as follows:

• Qualified Institutional Buyers (QIB): 50%
• Non-Institutional Investors (NII): 15%
• Retail Individual Investors (RII): 35%

Key IPO Dates

• IPO Opens: July 17 2026
• IPO Closes:July 21 2026
• Expected Allotment: July 22 2026
• Expected Refunds: July 23 2026
• Expected Credit of Shares: July 23 2026
• Tentative Listing: July 24 2026

About Caliber Mining & Logistics

Caliber Mining & Logistics provides integrated mining and logistics services, supporting customers across mining operations, transportation and related infrastructure. The proceeds from the fresh issue are intended to fund the company’s expansion plans and business requirements, while the offer for sale allows existing shareholders to reduce part of their stake.

Conclusion

With bidding set to end later today, all eyes are now on where the final subscription figure settles. The issue has already attracted overwhelming interest from non-institutional investors, while retail participation has remained consistently strong throughout the subscription period. Once the offer closes this evening, investors will shift their focus to the allotment process scheduled for July 22, followed by the company’s expected stock market debut on July 24.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/caliber-mining-ipo-anchor-list.pdf