Caliber Mining and Logistics Limited (formerly Caliber Mercantile Private Limited) has officially announced the price band for its highly anticipated maiden Initial Public Offering (IPO). The company has fixed the IPO price band at Rs 402 to Rs 424 per Equity Share, with each share bearing a face value of Rs 10. As of the announcement date, the company has 5,59,41,823 outstanding Equity Shares of Rs 10 each, setting a solid foundation for its public market debut.
The offer, with a face value of Rs 10, consists of a fresh issue up to Rs 40,000 lakhs and an offer-for-sale up to Rs 5,000 lakhs by promoters – Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.
The proceeds from its fresh issuance worth Rs 20,800 lakhs will be utilised for repayment/ prepayment, in full or part, of certain borrowings availed by the company, Rs 16,700 lakhs for funding capital expenditure for purchase of commercial vehicles, plant and machinery, and the balance towards general corporate purpose.
The company, in consultation with the book-running lead manager, has already completed a pre-IPO Placement for up to Rs 10,000 lakhs.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
Incorporated in 2014, the company is a mining operator managing overburden removal, coal extraction and coal logistics together as an integrated services provider. It has 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.
The company offers its customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making it a one-stop coal mining and logistics provider. Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh; however, it does not own any of the mines.
The company’s 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, the company focuses on coal loading, unloading and road transportation using its fleet of 1,811 owned (and 100 leased) vehicles, plant and machinery as of April 30, 2026. As of April 30, 2026, its workforce comprised 5,521 employees including four employees on retainer. Its 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.
The company demonstrated strong financial growth, reporting a revenue from operations of Rs 1,67,766.09 lakhs during FY26, up from Rs 1,43,040.38 lakhs recorded a year earlier. Mirroring this top-line growth, net profit for FY26 climbed to Rs 15,790.04 lakhs, compared to Rs 13,154.88 lakhs in the previous fiscal year.
IPO Management & Listing: DAM Capital Advisors Limited is acting as the Book-Running Lead Manager for the issue, while KFin Technologies Limited serves as the Registrar of the Offer. Following the completion of the issue, the equity shares are proposed to be listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited.
