Caliber Mining IPO Ends With 154.66x Subscription, Ranks #2 Among 2026 Mainboard IPOs

Caliber Mining IPO subscription reached 154.66 instances on Day 3, the closing day, with QIB traders main demand at 253.88 instances, whereas the difficulty closed for bidding on 21 July 2026.

The INR 450 crore mainboard IPO from Caliber Mining and Logistics, an built-in contract mining and logistics companies supplier headquartered in Nagpur, Maharashtra, drew broad-based demand throughout all investor classes by the tip of the ultimate bidding day. The concern, priced at a band of INR 402–424 per share, attracted institutional bids particularly because the subscription window closed, a sample typical of mainboard points.

With 21 July 2026 being the time limit, the difficulty is now closed for additional bidding. The total subscription of 154.66 instances positions the IPO as one of many standout choices of the yr, with QIB participation surging sharply in afternoon buying and selling.

Caliber Mining IPO Subscription on Final Day

As of the 05:06 PM replace on 21 July 2026, the Caliber Mining IPO had acquired bids for 1,14,89,89,450 shares in opposition to a complete provide dimension of 74,29,247 shares throughout all classes.

The QIB section led the subscription tally, receiving bids for 53,88,97,485 shares in opposition to an provided dimension of 21,22,643 shares, translating to 253.88 instances. The NII (HNI) section was subscribed 281.99 instances, with bids for 44,89,22,110 shares in opposition to 15,91,981 shares provided. The retail investor section was subscribed 43.39 instances, with bids acquired for 16,11,69,855 shares in opposition to 37,14,623 shares provided.

• QIB (Ex Anchor): 253.88x
• NII: 281.99x (bNII: 309.31x, sNII: 227.35x)
• Retail Investors: 43.39x
• Overall: 154.66x

Below is the desk of Caliber Mining IPO subscription on last day:

The QIB subscription trajectory on the ultimate day was significantly notable: at 10:45 AM, QIB bids stood at roughly 4,584,125 shares, implying a modest subscription. By 01:15 PM, bids had climbed to 44,725,590 shares, and accelerated sharply by means of the afternoon, crossing 53,88,97,485 shares by shut, reflecting the attribute final-day rush from institutional individuals.

Concerns have been raised over the corporate’s excessive buyer focus, with its high three clients contributing roughly 90% of complete income in FY2026, and its dependence on the continued award of large-scale mining contracts from Coal India subsidiaries.

Caliber Mining IPO GMP Today

The gray market premium (GMP) for the Caliber Mining IPO stood at INR 113 on 21 July 2026, implying an estimated itemizing worth of INR 537 in opposition to the higher worth band of INR 424, indicating a possible itemizing acquire of roughly 26.65%. The unofficial GMP moved from INR 97 on the opening date of 17 July 2026 to INR 115 on 18 July 2026, earlier than settling at INR 110 on 20 July 2026, and edging as much as INR 113 on the closing day. GMP figures are sourced from unofficial gray market channels and shouldn’t be handled as a prediction of the particular itemizing worth.

About Caliber Mining

Caliber Mining and Logistics is an built-in mining companies and logistics contractor that gives end-to-end options throughout the coal worth chain, together with overburden elimination, coal extraction, transportation, rake loading, rail coordination, and coal buying and selling. The firm doesn’t personal mines; as a substitute, it operates as a contract companion for mine house owners, with key shoppers together with Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL), each subsidiaries of Coal India. As of April 2026, the corporate operated a fleet of 1,911 mining automobiles and heavy gear throughout Maharashtra, Madhya Pradesh, and Chhattisgarh, and employed 5,521 individuals. Revenue from operations grew from INR 953.12 crore in FY2024 to INR 1,677.66 crore in FY2026, whereas internet revenue rose to INR 157.9 crore in FY2026, with an EBITDA margin of 25.69%.

Caliber Mining IPO Details

• Issue Size: INR 450 crore
• Issue Type: Book Built, Mainboard
• Fresh Issue: 94,33,962 shares (INR 400 crore)
• Offer for Sale: 11,79,245 shares (INR 50 crore)
• Price Band: INR 402–424 per share
• Lot Size: 35 shares
• Minimum Retail Investment: INR 14,840 (1 lot at higher band)
• Listing Exchanges: BSE and NSE
• Lead Manager: DAM Capital Advisors
• Registrar: KFIN Technologies

Key Dates

• IPO Open Date: 17 July 2026
• IPO Close Date: 21 July 2026
• Basis of Allotment: 22 July 2026
• Refund Initiation: 23 July 2026
• Credit of Shares to Demat: 23 July 2026
• Tentative Listing Date: 24 July 2026

What Investors Should Watch

With the difficulty now closed, focus will shift to the idea of allotment, which is anticipated on 22 July 2026. Given the general subscription of 154.66 instances, allotment ratios within the retail and NII segments will likely be keenly watched, as heavy oversubscription usually ends in decrease chance of allotment per utility. The QIB subscription of 253.88 instances, which ranks among the many highest within the 2026 mainboard IPO cohort, may also draw consideration as institutional allocation particulars emerge post-allotment.

The gray market premium trajectory and the corporate’s fundamentals — together with its order ebook of INR 9,550.89 crore as of May 2026 and its reliance on Coal India subsidiaries for roughly 85% of income — will stay in focus for traders assessing the inventory’s efficiency after the tentative itemizing date of 24 July 2026.

Read Also: Highest IPO Subscription in 2026

Conclusion

The Caliber Mining IPO closed its three-day subscription window on 21 July 2026 with an total reserving of 154.66 instances, pushed by QIB demand of 253.88 instances that crystallised sharply within the last afternoon session. According to alternate knowledge, this total subscription locations Caliber Mining’s IPO at #2 among the many 32 mainboard IPOs closed in 2026 thus far, behind solely Advit Jewels with 212.63 instances. The concern, which opened on 17 July 2026 at a worth band of INR 402–424 per share, now strikes to the allotment stage, with the idea of allotment anticipated on 22 July 2026 and a tentative itemizing on 24 July 2026.

Krishna comes from a household of traders and monetary analysts, She learnt wading by means of regulatory filings fairly early in her profession. She has a number of years of expertise in monetary and business evaluation beneath her belt. At IPO Central, Krishna performs twin roles of Contributor and Head of analysis desk.