Caliber Mining IPO Opens: Should You Subscribe? Price Band, GMP & Key Risks Explained

Caliber Mining IPO has opened for subscription, offering investors another opportunity in the primary market. The issue is priced at ₹402–₹424 per share and will remain open until July 21. The company operates an integrated coal mining and logistics business across Maharashtra, Madhya Pradesh and Chhattisgarh, backed by a strong ₹9,500 crore order book. Pawan Nahar, Business Today, highlighted the company's healthy financial growth and strong order book, while also cautioning about customer concentration, high debt and relatively stretched valuations. Most brokerages have recommended subscribing, though investors should assess the risks before applying.