New Delhi, July 24 -- Caliber Mining and Logistics IPO: Caliber Mining and Logistics shares made a decent debut on the Indian bourses on Friday, 24 July, but soon erased gains to trade in the red amid weak stock market sentiment.

Caliber Mining and Logistics' share price was listed at Rs.504 on the BSE, a premium of 19% over the issue price of Rs.424. On the NSE, the stock was listed at Rs.500.25, 18% above the issue price.

Later, the stock fell to the levels of Rs.463.15 on the BSE and to Rs.463.35 on the NSE, still trading above the issue price.

The stock's debut exceeded grey market expectations, as the grey market premium (GMP) of Caliber Mining and Logistics, according to the websites tracking the grey market, on Friday morning wa...