Synopsis: Caliber Mining & Logistics Limited’s ₹450 crore IPO opens on July 17, 2026. The company plans to use the proceeds to repay borrowings, purchase machinery, and support general corporate purposes, backed by its integrated mining and logistics business, healthy order book, and consistent financial growth.
Caliber Mining & Logistics Limited is launching its Initial Public Offering (IPO) to raise funds for the purchase of machinery and repayment of outstanding borrowings. The IPO size aggregates up to Rs. 450 crore, comprising a fresh issue of 0.94 crore equity shares totalling Rs. 400 crore and an offer for sale of 0.12 crore shares worth Rs 50 crore.
Caliber Mining & Logistics Limited’s IPO price band is set at Rs. 402-424 per share. The IPO opens for subscription on July 17, 2026, and closes on July 21, 2026. The shares will be listed on the NSE and BSE on Friday, July 24, 2026. Here’s everything you need to know.
GMP of Caliber Mining & Logistics Limited IPO
As of July 16th, 2026, the shares of Caliber Mining & Logistics Limited in the grey market were trading at a 23.58 percent premium. The shares in the Grey Market traded at Rs. 524. This gives it a premium of Rs. 100 per share over the cap price of Rs. 424.
Overview of Caliber Mining & Logistics Limited
Caliber Mining and Logistics Limited was incorporated in 2014 and provides integrated mining and logistics services across India. The company mainly serves the coal mining industry by offering end-to-end solutions, including coal extraction, overburden removal, transportation, rake loading, and rail coordination. Its major customers include subsidiaries of Coal India Limited, such as Western Coalfields Limited and Northern Coalfields Limited.
The company operates mining projects in Maharashtra, Chhattisgarh, and Madhya Pradesh. It also provides coal and iron ore logistics through road and rail transportation. In addition, the company trades coal by purchasing it from Western Coalfields Limited and the open market before supplying it to power plants and other customers.
Caliber Mining and Logistics owns and operates a large fleet of 1,911 vehicles, equipment, and machinery, including 100 leased assets. As of April 30, 2026, its fleet included 883 tippers, 64 loaders, 162 excavators, and 362 tip trailers, supporting efficient project execution.
As of April 30, 2026, the company employed 5,521 people, including employees on retainer. Its experienced workforce, integrated business model, and strong presence in coal mining and logistics support its long-term growth plans.
Promoters of Caliber Mining and Logistics Limited
The promoters include Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda, and Priya Anuj Chadda. They bring decades of mining and logistics experience to the business.
Caliber Mining and Logistics Limited Selling Shareholders
The offer for sale includes the promoter selling shareholders only. Mohit Satishkumar Chadda will sell shares worth up to Rs. 12.50 crore. Anuj Krishanlal Chadda will sell shares worth up to Rs. 12.50 crore. Manish Krishanlal Chadda will sell shares worth up to Rs. 12.50 crore. Rahul Roshanlal Chadda will sell shares worth up to Rs. 12.50 crore.
Lead Manager of Caliber Mining and Logistics Limited IPO
DAM Capital Advisors Limited acts as the Book Running Lead Manager. KFin Technologies Limited serves as the registrar for the issue.
Objectives of the IPO Offer
Caliber Mining and Logistics Limited proposes to utilize the net proceeds from the IPO for specific business growth initiatives. The company will allocate Rs. 208 crore towards the repayment or prepayment, in full or part, of certain outstanding borrowings. This repayment is expected to reduce the company’s debt burden, lower finance costs, and strengthen its overall financial position.
Additionally, the company will utilize Rs. 167 crore for funding capital expenditure towards the purchase of machinery. The investment will enhance mining capabilities, improve operational efficiency, and support the execution of future projects. The remaining proceeds will be used for general corporate purposes, including meeting operational requirements and supporting the company’s overall business growth strategy.
Financial Analysis of Caliber Mining & Logistics
Coming into financial highlights, Caliber Mining & Logistics Limited’s consolidated total revenue has increased from Rs. 1,435.57 crore in FY25 to Rs. 1,684.66 crore in FY26, which represents a growth of 17.35 percent. The company’s net profit has also grown by 20.03 percent from Rs. 131.55 crore in FY25 to Rs. 157.90 crore in FY26.
Caliber Mining & Logistics Limited has a PAT Margin of 9.41 percent and an EBITDA Margin of 25.69 percent. In terms of return ratios, the company’s RoNW and ROCE stand at 24.38 percent and 16.60 percent, respectively. Caliber Mining & Logistics Limited has an earnings per share (EPS) of Rs. 28.23, and its debt-to-equity ratio is 1.63x
Caliber Mining & Logistics Vs Peers
Caliber Mining and Logistics Limited reported revenue from operations of Rs. 1,677.66 crore in FY2026. The company reported an EPS of Rs. 29.47 and a RoNW of 24.38 percent.
In comparison, Power Mech Projects Limited reported revenue of Rs. 6,061.57 crore with an EPS of Rs. 115.12 and a RoNW of 15.90 percent. NCC Limited reported revenue of Rs. 20,823.00 crore with an EPS of Rs. 10.76 and a RoNW of 9.02 percent. Sindhu Trade Links Limited reported revenue of Rs. 5,240.81 crore with an EPS of Rs. 0.27 and a RoNW of 2.54 percent. Dilip Buildcon Limited reported revenue of Rs. 8,983.93 crore with an EPS of Rs. 86.08 and a RoNW of 20.09 percent.
Caliber Mining and Logistics Limited’s net asset value per share stands at Rs. 120.85. In comparison, Power Mech Projects Limited reported Rs. 818.90, NCC Limited reported Rs. 127.88, Sindhu Trade Links Limited reported Rs. 14.66, and Dilip Buildcon Limited reported Rs. 428.55.
Strengths of Caliber Mining and Logistics Limited
- Strong integrated mining and logistics platform supports operational efficiency across multiple customer projects.
- A large owned fleet enables timely execution and improves project delivery capabilities consistently.
- A healthy order book provides strong revenue visibility across upcoming financial years.
- Experienced promoters drive business expansion through deep mining industry knowledge and execution expertise.
- Higher EBITDA margins outperform many industry peers across recent financial years.
Weaknesses of Caliber Mining and Logistics Limited
- Business depends heavily on coal mining contracts from a limited number of large customers.
- High debt levels increase finance costs and affect future profitability during expansions.
- Capital-intensive operations require continuous investment in heavy equipment and fleet expansion.
- Business performance depends on government mining policies and environmental approvals.
- Fuel price fluctuations can significantly impact transportation and mining operating costs.
Caliber Mining and Logistics Limited offers investors exposure to India’s expanding mining and logistics industry. The company has delivered consistent revenue growth and healthy profitability. Its integrated business model supports long-term expansion opportunities. Investors should evaluate the company’s financial performance, risks, valuation, and industry outlook before subscribing to the IPO.
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