Caliber Mining & Logistics lists at 19% premium over IPO price
Caliber Mining and Logistics made a strong debut on the stock exchanges on Friday, listing at a premium of nearly 19% over its IPO price.
The stock opened at Rs 504 on the BSE against the issue price of Rs 424, translating into a 18.87% premium. On the NSE, it debuted at Rs 500.25, up 17.98% from issue price.
The listing exceeded grey market expectations. Ahead of the debut, the stock was commanding a grey market premium (GMP) of Rs 60, implying an estimated listing price of Rs 484 or a 14.15% gain over the IPO price.
The stock opened at Rs 504 on the BSE against the issue price of Rs 424, translating into a 18.87% premium. On the NSE, it debuted at Rs 500.25, up 17.98% from issue price.
The listing exceeded grey market expectations. Ahead of the debut, the stock was commanding a grey market premium (GMP) of Rs 60, implying an estimated listing price of Rs 484 or a 14.15% gain over the IPO price.
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