New Delhi, July 20 -- The initial public offering of Caliber Mining and Logistics Ltd witnessed a modest response from investors on the opening day of bidding, with the issue being subscribed 1.21 times on Friday, 17 July, according to exchange data. The Caliber Mining IPO subscription will remain open until 21 July.

The company has fixed the Caliber Mining IPO price band at Rs.402-424 per equity share. Ahead of the issue opening, the company raised Rs.135 crore from anchor investors, reflecting healthy institutional interest.

Incorporated in 2014, Caliber Mining and Logistics Ltd provides integrated mining solutions, including overburden removal, coal extraction, and coal transportation services. The company operates across Maharashtra...