About Caliber Mining and Logistics IPO
Caliber Mining and Logistics Limited is set to launch its IPO for public subscription on July 17, 2026 till July 21, 2026.
The Caliber Mining and Logistics IPO price is set between ₹402 and ₹424 per equity share. The allotment is expected to be finalised on July 22, 2026.
In addition, the Caliber Mining and Logistics IPO is a ₹450 crore book-building issue, comprising a fresh issue of 94,33,962 equity shares and an offer for sale (OFS) of 11,79,245 equity shares, with a face value of ₹10 each.
With this IPO, the company will receive proceeds only from the fresh issue portion. Any OFS amount will go to the selling shareholders.
Business Overview of Caliber Mining and Logistics
Caliber Mining and Logistics Limited, incorporated in July 2014 and headquartered in Chandrapur, Maharashtra, is an integrated coal mining and logistics service provider.
The company was originally incorporated as Caliber Mercantile Private Limited, renamed to Caliber Mining and Logistics Private Limited in July 2024, and converted into a public limited company in September 2024.
- Caliber Mining And Logistics Limited offers end-to-end services spanning;
- Mine development
- Overburden removal
- Coal extraction
- Road and rail transportation
- Rake loading for rail dispatch
- Rail coordination for power plant customers
- Limited coal trading.
This integrated model allows Caliber Mining and Logistics to support customers across different stages of a mining project under a single contract.
The company operates mining projects across Maharashtra, Madhya Pradesh, and Chhattisgarh, with Maharashtra contributing the largest share of revenue.
Caliber Mining and Logistics IPO Date, Price, and Other Details
Particulars | Details |
IPO Size | Book Build issue of ₹450 crore |
Offer Type | Fresh issue of ₹400 crore + OFS of ₹50 crore |
Total Number of Equity Shares | 1,06,13,207 shares |
Price Band | ₹402 to ₹424 per share |
Issue Dates | Opens: Jul 17, 2026 · Closes: Jul 21, 2026 |
Minimum Bid Lot | 1 lot of 35 shares |
Minimum Investment (Retail) | ₹14,840 (at upper band) |
UPI Mandate Confirmation Cut-off | 5:00 PM, Jul 21, 2026 |
Allotment Date | Jul 22, 2026 |
Credit to Demat | Jul 23, 2026 |
Listing Date | Jul 24, 2026 |
Face Value | ₹10 per share |
Lead Manager (BRLM) | Dam Capital Advisors Ltd. |
Registrar | Kfin Technologies Ltd. |
Listing Exchanges | National Stock Exchange of India (NSE) & Bombay Stock Exchange (BSE) |
Caliber Mining and Logistics IPO Reservation: Who Can Apply?
For Caliber Mining And Logistics Limited IPO, Retail, HNIs, and Qualified Institutional Buyers can invest.
Here's a breakdown of their IPO reservation:
Investor Category | Lots | Shares | Amount (at ₹424) |
Retail (Min) | 1 | 35 | ₹14,840 |
Retail (Max) | 13 | 455 | ₹1,92,920 |
sNII (Min) | 14 | 490 | ₹2,07,760 |
bNII (Min) | 68 | 2,380 | ₹10,09,120 |
QIB | As applicable | — | — |
Strengths and Risks of Caliber Mining and Logistics IPO
With every business owning its strengths and risks, even the Caliber Mining and Logistics IPO has its potential plus points and downsides to be aware of.
Here is a brief business analysis (as per RHP) below:
Strengths
- Caliber Mining And Logistics Limited has an integrated business model spanning overburden removal, coal extraction, logistics, rake loading, and rail coordination. They also provide end-to-end service delivery under a single contract.
- Large operating fleet of 1,911 owned and leased vehicles, plant, and machinery, supporting execution scale.
- Geographic concentration in Maharashtra, Madhya Pradesh, and Chhattisgarh, with Maharashtra alone contributing 55.49% of FY26 revenue.
- Caliber Mining has long-standing relationships with Coal India subsidiaries, particularly Western Coalfields Limited and Northern Coalfields Limited.
- Net worth nearly doubled from ₹295.93 crore (FY24) to ₹647.54 crore (FY26).
Risks
- High customer concentration – top 3 customers contributed 90.11% of FY26 revenue, with the largest customer (Northern Coalfields Limited) alone contributing 44.16%.
- Total borrowings rose sharply from ₹649.27 crore (FY25) to ₹1,057.61 crore (FY26), with a debt-to-equity ratio of 1.63x as of FY26.
- Contingent liabilities stood at ₹458.53 crore (as of March 31, 2026), signalling future risks.
- Caliber Mining and Logistics have heavy dependence on large-scale contracts (above ₹1,000 crore). These contributed 76.12% of FY26 revenue. Any delays or cancellations could materially affect results.
- Top 10 suppliers accounted for 91.94% of FY26 material procurement costs – supply disruptions could affect operations.
- The company has received a pre-litigation notice, and promoters are involved in two outstanding criminal proceedings.
- No dividends have been paid for the reported periods, though a dividend policy was adopted in September 2024.
- Business is closely tied to the capital expenditure and production targets of state-owned Coal India subsidiaries.
Future Plans/Strategies
- Caliber Mining and Logistics continues expanding the fleet of mining equipment and logistics infrastructure to support new contracts.
- Deepen relationships with Coal India subsidiaries and pursue new large-scale contracts.
- Strengthen the logistics and rail coordination segment alongside core mining operations.
- Reduce leverage through planned debt repayment using IPO proceeds.
- Listing on exchanges to enhance visibility and support future growth plans.
Caliber Mining and Logistics IPO Objectives – How Will the Funds Be Used?
The Caliber Mining and Logistics IPO comprises both a fresh issue (₹400 crore) and an OFS (₹50 crore).
The company will receive proceeds only from the fresh issue. The OFS proceeds will go to the selling shareholders from the promoter group.
# | Objective | Est. Amount (₹ crore) |
1 | Repayment/prepayment of certain outstanding borrowings | 208.00 |
2 | Funding capital expenditure for purchase of machinery | 167.00 |
3 | General corporate purposes | Remaining |
How To Apply for the Caliber Mining and Logistics IPO?
You can apply for the Caliber Mining and Logistics IPO on any financial platform by following these simple steps:
- Open a Demat and trading account with a SEBI-registered broker.
- Log in and go to the IPO section
- Select Caliber Mining and Logistics IPO.
- Enter the lot size (minimum 35 shares) and bid price (₹402–₹424).
- Approve the UPI mandate to block funds.
- Submit your application.
Once applied, you can track the Caliber Mining and Logistics IPO allotment status, and if allotted, shares will be credited to your Demat account before listing.
Promoter Shareholding of Caliber Mining and Logistics IPO
The promoters include Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda, and Priya Anuj Chadda.
Promoters | Estimated (%) shareholding |
Mohit Satishkumar Chadda | 34.00 |
Anuj Krishanlal Chadda | 24.09 |
Manish Krishanlal Chadda | 18.50 |
Rahul Roshanlal Chadda | 11.94 |
Priya Anuj Chadda | 0.21 |
Total | 88.75% |
Financial Performance (₹ in crores) of Caliber Mining and Logistics IPO
Here's the financial performance of Caliber Mining and Logistics Limited for FY24, FY25, and FY26.
(₹ in crores)
Period Ended | FY26 (Mar 31, 2026) | FY25 (Mar 31, 2025) | FY24 (Mar 31, 2024) |
Total Income | 1,684.66 | 1,435.57 | 957.92 |
EBITDA | 430.91 | 349.76 | 243.14 |
Profit After Tax | 157.90 | 131.55 | 95.90 |
Net Worth | 647.54 | 489.30 | 295.93 |
Total Assets | 2,077.39 | 1,404.09 | 1,279.18 |
Total Borrowings | 1,057.61 | 649.27 | 717.88 |
PAT Margin (%) | ~9.41% | ~9.20% | ~10.06% |
Key Performance Metrics of Caliber Mining and Logistics
Based on the financials available in the RHP, the following key performance metrics of Caliber Mining and Logistics Limited can be considered.
Key Indicator | As on (FY 25-26) | FY 24-25 |
Return on Equity (ROE) | 27.8% | 33.5% |
Net asset value (NAV) | 120.85 | 91.32 |
Earnings per share (EPS- diluted) | 29.47 | 24.55 |
Market share | ~5.1% | ~4.8% |
EBITDA Margin (%) | 25.7% | 24.5% |
PAT Margin (%) | 9.4% | 9.2% |
Debt to Equity ratio | 1.6 | 1.3 |
Logistics (% of revenue) | 12% | 16% |
(Note: Refer to the RHP for complete financial details and valuation metrics.)
Registrar of Caliber Mining and Logistics IPO
The Registrar of Caliber Mining and Logistics IPO is Kfin Technologies Ltd.
Phone: +91 40 67162222
Email: cmll.ipo@kfintech.com
Website: https://www.kfintech.com
Lead Manager of Caliber Mining and Logistics IPO
1 lead manager handling the IPO process of Caliber Mining and Logistics Limited is Dam Capital Advisors Ltd.
