Caliber Mining and Logistics Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹424
Per ShareLot Size
35 Shares
Minimum Investment
₹14,840
Issue Size
₹450 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
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*Real-time data subject to exchange updates
Caliber Mining and Logistics Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.79%
Promoter Holding (Post-Issue)
74.18%
Issue Type
Book Building
ISIN
INE11XY01018
About the Company
We are mining operator managing overburden removal, coal extraction and coal logistics together as an integrated services provider. We have a fleet of 1,911 vehicles, plant and machinery (including 100 that are leased vehicles, plant and machinery) as of April 30, 2026 comprising of 883 tippers, 64 loaders, 162 excavators and 362 tip trailers. Our revenue from operations grew at a CAGR of 32.67% from Rs.95,311.60 lakhs in Fiscal 2024 to Rs.1,67,766.09 lakhs in Fiscal 2026. We offer our customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making us a one-stop coal mining and logistics provider. Our mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh; however, we do not own any of the mines. Our largest customers are mine owing subsidiaries of Coal India Limited ("Coal India" or "CIL"), namely Western Coalfields Limited ("WCL") and Northern Coalfields Limited ("NCL"). In logistics, we focus on coal loading, unloading and road transportation using our fleet of 1,811 owned (and 100 leased) vehicles, plant and machinery as of April 30, 2026. As of April 30, 2026, our workforce comprised 5,521 employees including four employees on retainer. Our order book increased from Rs.5,66,829.69 lakhs as at March 31, 2026 to Rs.9,55,089.08 lakhs as of May 15, 2026.
Company History
Our Company was incorporated as `Caliber Mercantile Private Limited' a private limited company under the Companies Act, 2013 pursuant to the certificate of incorporation issued by the Registrar of Companies, Maharashtra at Mumbai on July 3, 2014. The name of our Company was subsequently changed to `Caliber Mining and Logistics Private Limited', pursuant to a resolution passed by our Board of Directors on June 17, 2024 and a special resolution passed by our Shareholders on July 5, 2024 and a fresh certificate of incorporation was issued by the Registrar of Companies, Central Processing Centre on July 29, 2024. Subsequently, the name of our Company was changed from `Caliber Mining and Logistics Private Limited' to `Caliber Mining and Logistics Limited' pursuant to conversion of our Company from a private limited company to a public limited company, pursuant to a resolution passed by our Board of Directors on July 29, 2024 and a special resolution passed by our Shareholders on July 30, 2024, and a fresh certificate pursuant to such conversion was issued by the Registrar of Companies, Central Processing Centre on September 10, 2024.
Growth Strategy
- Continued focus on cost optimization and cost control measures.
- Continued working toward operation excellence and premium quality customer service.
- Expand our logistics business into iron ore.
- Expand our mining business into new geographies.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23, FY24 and FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 1,06,13,206 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 424 per equity share (Including a Premium of Rs. 414 per Equity Share) ("Offer Price") aggregating Rs. 450.00 Crores comprising of a fresh issue of 94,33,962 equity shares aggregating to Rs. 400.00 Crores by the company (The "Fresh Issue") and an offer for sale of 11,79,244 equity shares aggregating to Rs. 50.00 Crores comprising an offer for sale of 2,94,811 equity shares by Mohit Satishkumar Chadda aggregating to Rs. 12.5 Crores, 2,94,811 equity shares by Anuj Krishanlal Chadda aggregating to Rs. 12.5 Crores, 2,94,811 equity shares by Manish Krishanlal Chadda aggregating to Rs. 12.5 Crores and 294,811 equity shares by Rahul Roshanlal Chadda aggregating to Rs. 12.5 Crores (The "Promoter Selling Shareholders", and such Equity Shares Offered by The Promoter Selling Shareholders, The "Offered Shares") (Such Offer for Sale by the Promoter Selling Shareholders, the "Offer for Sale" and Together with the Fresh Issue, The "Offer"). The offer constitutes 16.23% of the post-offer paid up equity share capital of the company. The company has completed pre-ipo placements for a price of Rs. 424 per equity share. The company may, in consultation with the brlm, consider a further issue of specified securities for cash consideration aggregating up to Rs. 100.00 crores. The price of the specified securities allotted pursuant to the pre-ipo placement shall be determined by its company, in consultation with the book running lead manager ("brlm"). Prior to the completion of the offer and if the pre-ipo placement is undertaken, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that its company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken). If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended (The "scrr"). the pre-ipo placement shall not exceed 20 % of the size of the fresh issue. Price Band: Rs. 424 per equity share of face value of Rs. 10 each. The floor price is 42.40 times the face value of the equity shares. Bids can be made for a minimum of 35 equity shares of face value of Rs. 10 each and in multiples of 35 equity shares of face value of Rs. 10 each thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- End-to-end coal mining and logistics solution provider.
- Execution experience and operational efficiencies yielding opportunities for new L-1 orders.
- Growing share of business in mining industry and from Coal India subsidiaries backed by order book of Rs. 9,55,089.08 lakhs as at May 15, 2026.
- Proven track record of growth with financial performance.
- Industry experience and legacy led promoters supported by a management team and professionals.
- The company's mining operations is subject to operating risks. Accidents and other operating risks including flooding, disruptions due to truck machinery and equipment failures and unavailability of diesel fuel and water which could result in decreased production or increased cost of production, which could adversely affect its business, results of operations and financial condition.
- The company derives a significant portion (90.11% in Fiscal 2026) of its revenue from operations from the company's top three customers, with its single largest customer, Northern Coalfields Limited, contributing 44.16% of the company's revenue from operations in Fiscal 2026. Loss of any of its top customers could adversely affect the company's business, results of operations and financial condition.
- The success of the company's logistics business depends on its ability to generate sufficient freight volumes of coal and iron ore and optimise revenue to achieve desired profit margins and avoid losses. Any failures on its part to achieve desired operating or net profit margins could have an adverse impact on the company's business, results of operations and financial condition.
- Increase in the cost of power and fuel and stores and spares used in the company's operations, or the inability to obtain the necessary power and fuel or a sufficient quantity of stores and spares, could increase its operating expenses, disrupt or delay the company's production and materially and adversely affect profitability.
- The company is dependent on the award of large-scale mining contracts (over Rs.100,000 lakhs) which represented 76.12% of its revenue from operations in Fiscal 2026 and may represent a significant part of the company's Order Book in the future, increasing the potential volatility of its results of operations and cash flows and exposure to individual contract risks. Further, the award of future mining services contracts is subject to uncertainty and the company's failure to win future awards could adversely impact its business, results of operations and financial condition.