Caliber Mining and Logistics Limited Announces Initial Public Offering; Price Band Set at ₹402–₹424 per Equity Share

POSTED BY:- Poonam S. Juthani
DT:-14/07/2026
9867490397

Mumbai, July 14, 2026 — Caliber Mining and Logistics Limited (formerly known as Caliber Mercantile Private Limited) has announced the launch of its maiden Initial Public Offering (IPO). The company has fixed the price band at ₹402 to ₹424 per equity share of face value ₹10 each.

The IPO will open for subscription on Friday, July 17, 2026, and close on Tuesday, July 21, 2026. Investors can bid for a minimum of 35 equity shares and in multiples of 35 thereafter. As of date, the company has 55,941,823 outstanding equity shares of face value ₹10 each.

Offer Details

The IPO comprises:

• A Fresh Issue of equity shares aggregating up to ₹40,000 lakhs.
• An Offer-for-Sale (OFS) of equity shares aggregating up to ₹5,000 lakhs by promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.

The company has already completed a pre-IPO placement of up to ₹10,000 lakhs in consultation with the Book Running Lead Manager.

Proceeds from the Fresh Issue will be utilised as follows:

• ₹20,800 lakhs for repayment/prepayment of certain borrowings.
• ₹16,700 lakhs for funding capital expenditure towards purchase of commercial vehicles, plant, and machinery.
• The balance towards general corporate purposes.

The Offer is being made through the book-building process, with allocation structured as:

• Not more than 50% to Qualified Institutional Buyers (QIBs).
• Not less than 15% to Non-Institutional Bidders (NIBs).
• Not less than 35% to Retail Individual Bidders (RIBs).

Company Overview

Incorporated in 2014, Caliber Mining and Logistics Limited is a mining operator and integrated coal logistics services provider. The company manages overburden removal, coal extraction, and coal logistics as a one-stop solution for its customers.

As of April 30, 2026, the company’s fleet comprised 1,911 vehicles, plant, and machinery, including 100 leased units. This includes:

• 883 tippers
• 64 loaders
• 162 excavators
• 362 tip trailers

The company’s operations span Maharashtra, Madhya Pradesh, and Chhattisgarh, though it does not own any mines. Its largest customers are subsidiaries of Coal India Limited (CIL), namely Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL).

Integrated Services

Caliber Mining and Logistics provides end-to-end services including:

• Coal extraction
• Overburden removal
• Coal loading and unloading
• Road transportation
• Coordination of rail transportation

This integrated model positions the company as a reliable partner for coal mining and logistics requirements.

Workforce and Order Book

As of April 30, 2026, the company employed 5,521 people, including four on retainer. Its order book grew significantly from ₹566,829.69 lakhs as of March 31, 2026 to ₹955,089.08 lakhs as of May 15, 2026, reflecting strong demand and operational expansion.

Financial Performance

Caliber Mining and Logistics has demonstrated consistent growth:

• Revenue from operations: ₹167,766.09 lakhs in FY26, up from ₹143,040.38 lakhs in FY25.
• Net profit: ₹15,790.04 lakhs in FY26, compared to ₹13,154.88 lakhs in FY25.

This financial trajectory underscores the company’s ability to scale operations while maintaining profitability.

IPO Management

• DAM Capital Advisors Limited is the Book Running Lead Manager (BRLM).
• KFin Technologies Limited is the Registrar of the Offer.
• The equity shares are proposed to be listed on both NSE and BSE.

Regulatory and Investor Information

Caliber Mining and Logistics Limited has filed its Red Herring Prospectus (RHP) dated July 13, 2026 with the Registrar of Companies (RoC). The RHP is available on the websites of SEBI (www.sebi.gov.in), DAM Capital (www.damcapital.in), NSE (www.nseindia.com), BSE (www.bseindia.com), and the company’s own site (www.cmll.in).

Investors are advised to consult the “Risk Factors” section beginning on page 26 of the RHP before making investment decisions.

Disclaimer

• SEBI Disclaimer: SEBI’s observations on the offer documents do not constitute approval of the issue or securities. Refer to page 531 of the RHP for the full disclaimer.
• BSE Disclaimer: Permission by BSE Limited should not be construed as approval of the RHP or its contents. Refer to page 534 of the RHP for the full disclaimer.
• NSE Disclaimer: Permission by NSE should not be construed as approval of the issue document or its contents. Refer to page 534 of the RHP for the full disclaimer.

The equity shares offered in the IPO have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold within the United States except pursuant to an exemption.

Conclusion

The upcoming IPO of Caliber Mining and Logistics Limited represents a significant milestone in the company’s journey from a niche operator to a leading integrated coal mining and logistics provider. With strong financials, a robust order book, and trusted partnerships with Coal India subsidiaries, the company is well‑positioned to capitalise on India’s growing energy and infrastructure needs.

The IPO offers investors an opportunity to participate in the growth of a company that has consistently demonstrated operational excellence, scalability, and profitability.