Caliber Mining
Caliber Mining and Logistics is a specialized provider of mining and logistics services focusing on coal extraction, overburden removal, and transportation. Operating primarily in the mining sector, the company provides integrated solutions including road and rail coordination for large-scale mineral operations.
Price Band
₹402 - ₹424
Lot Size
35 Shares
Issue Size
₹450.00 Cr
Fresh Issue
₹400.00 Cr
OFS
₹50.00 Cr
Registrar
AI Sentiment Score
Listing Price
₹500.25
vs Issue: ₹424 (+17.98%)
📅 IPO Timeline
✓
Open
Jul 17
✓
Close
Jul 21
✓
Allotment
Jul 22
✓
Refund
Jul 23
✓
Demat
Jul 23
✓
Listing
Jul 24
✨ AI Analysis & Prediction
+7.3%
predicted listing gain
The listing gain is adjusted slightly downward from the GMP baseline due to a lack of QIB subscription data and a moderate debt-to-equity ratio of 1.62. However, the strong ROE of 27.78% and the fact that 88.9% of the issue is fresh capital for growth and debt repayment provide a positive fundamental cushion.
💪 Strengths
- Strong revenue and PAT growth over the last three fiscal years
- High Return on Equity (ROE) of 27.78%
- Established relationship with Coal India Limited (CIL) and its subsidiaries
⚠️ Weaknesses
- Relatively high Debt to Equity ratio of 1.62
- Heavy reliance on the coal mining sector and specific government-linked clients
🚀 Opportunities
- Expansion of fleet and machinery through fresh issue proceeds
- Potential to diversify logistics services beyond coal
🛡️ Threats
- Regulatory changes in the mining and environmental sector
- Fluctuations in coal demand and mining contracts
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Repayment/ prepayment, in full or part, of certain borrowings availed by the Company | ₹208.00 |
| Funding capital expenditure for purchase of machinery | ₹167.00 |
| General Corporate Purpose | ₹75.00 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 953.00 Cr | Rs 1,430.00 Cr | Rs 1,678.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 96.00 Cr | Rs 132.00 Cr | Rs 158.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 248.00 Cr | Rs 350.00 Cr | Rs 438.00 Cr |
| Borrowings (₹ Cr) | Rs 840.00 Cr | NA | Rs 1,120.00 Cr |
| Total Assets (₹ Cr) | Rs 1,279.00 Cr | NA | Rs 2,077.00 Cr |
| ROCE % | 21.00% | NA | NA |
Debt/Equity
1.62
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
💼 Reservation Quota
QIB
50.00%
Retail
35.00%
NII
15.00%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Founded in 2014, Caliber Mining and Logistics has evolved into a key player in the Indian mining services landscape. The company specializes in a comprehensive suite of services including coal extraction, the removal of overburden, and the complex logistics of loading and unloading coal for industrial use.
The business model is centered on providing integrated solutions that align with the stringent requirements of the mining industry. This includes not only the physical extraction of minerals but also the critical coordination of road transportation and rail logistics to ensure seamless supply chain movement.
Caliber Mining maintains a strong market position through its strategic partnerships with major clients, most notably Coal India Limited (CIL), including its subsidiaries Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). Its operations are geographically concentrated in the mineral-rich states of Maharashtra, Chhattisgarh, and Madhya Pradesh.
To support its operational scale, the company possesses a massive fleet of 1,911 vehicles and machines as of April 30, 2026. This infrastructure includes 883 tippers, 64 loaders, 162 excavators, and 362 tip trailers, enabling high-volume extraction and transport capabilities.
The company is led by a promoter group consisting of Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda, and Priya Anuj Chadda, who have steered the firm from its inception to its current scale.
The Caliber Mining IPO is a mainboard offering seeking to raise approximately ₹450 crore. The issue is structured with a significant fresh issue component of ₹400 crore and an Offer for Sale (OFS) of approximately 11.79 lakh shares. The price band is set between ₹402 and ₹424 per share, with a minimum retail lot size of 35 shares. The IPO is scheduled to open on July 17, 2026, and close on July 21, 2026, with listing on the BSE and NSE on July 24, 2026.
The proceeds from the fresh issue are earmarked for strategic financial health and expansion. Specifically, ₹208 crore will be utilized for the repayment or prepayment of certain borrowings, while ₹167 crore is dedicated to capital expenditure for the purchase of new machinery to enhance operational efficiency.
Financial performance shows a healthy upward trajectory. Revenue grew from ₹957.92 crore in FY24 to ₹1,435.57 crore in FY25, and further to ₹1,684.66 crore in FY26. Similarly, the Profit After Tax (PAT) has climbed steadily from ₹95.90 crore in FY24 to ₹157.90 crore in FY26, demonstrating consistent growth in profitability.
From a valuation perspective, the company reports a Basic EPS of ₹29.47 for FY26 and a strong Return on Net Worth (RoNW) of 24.38%. While a direct P/E ratio was not explicitly provided in the summary, the company's operational metrics like an EBITDA margin of 25.69% suggest a robust business model compared to peers in the infrastructure and mining space.
Key investment strengths include the company's high ROE of 27.78%, strong ties with Coal India Limited, and a significant investment in hard assets. However, investors should note the debt-to-equity ratio of 1.62, which is relatively high, though the IPO proceeds are specifically designed to reduce this burden.
Overall, Caliber Mining presents as a growth-oriented company in a critical industrial sector. While the financial trends are positive, the investment appeal depends on the sustainability of mining contracts and the company's ability to manage its leverage post-listing.