New Delhi, July 21 -- The initial public offer of Caliber Mining and Logistics Ltd witnessed a sharp surge in investor demand on the second day of bidding, with the issue being subscribed 23.37 times as of Monday, after receiving a modest 1.21 times subscription on the opening day. The Caliber Mining IPO subscription will close on 21 July.

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

Caliber Mining and Logistics Ltd, incorporated in 2014, provides integrated mining services, including overburden removal, coal extraction and coal logistics. The company operates across Maharashtra, M...