Caliber Mining And Logistics Limited
Minimum investment
Bidding date
17 Jul - 21 Jul 2026
Price range
₹402 - ₹424
Minimum quantity
35
Minimum investment
₹14,070
Issue size
₹450 Cr.
IPO doc (link)
RHP docs
Listing exchange
NSE/BSE
Total Issue Size:
₹450 Crore
Fresh Issue: 89% (₹400 Cr)
OFS: 11% (₹50 Cr)
Fresh Issue – ₹400 Crore
Offer for Sale – ₹50 Crore
Before Issue: 88.75%
After Issue: 74.14%
Lock-in / Stabilization | Timeline |
|---|---|
Minimum Promoters' Contribution (20% of Post-Issue Capital) | 3 Years from the date of allotment |
Remaining Pre-IPO Promoter Shareholding | 1 Year from the date of allotment |
Other Pre-IPO Shareholders (Non-Promoters) | 6 Months from the date of allotment |
Anchor Investors (50% of Allocation) | 30 Days from the date of allotment |
Anchor Investors (Remaining 50% of Allocation) | 90 Days from the date of allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Caliber Mining & Logistics Ltd. is an integrated coal mining and logistics company incorporated in 2014. The company provides end-to-end solutions across the coal value chain, including coal extraction, overburden removal, loading and unloading, road transportation, rail logistics coordination, rake loading, and coal trading. Its business primarily serves subsidiaries of Coal India Limited (CIL), including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). The company's mining operations are spread across Maharashtra, Madhya Pradesh, and Chhattisgarh, while its logistics network supports efficient transportation of coal and iron ore for power plants and industrial customers. As of April 30, 2026, Caliber Mining operated a fleet of 1,911 vehicles, plants, and machinery, including 883 tippers, 162 excavators, 64 loaders, and 362 tip trailers. The company also had a workforce of 5,521 employees and has built a strong operational presence through years of execution experience in large-scale mining contracts. Financially, the company has shown consistent growth. For FY2026, it reported total income of Rs. 1,684.66 crore and a profit after tax (PAT) of Rs. 157.90 crore, reflecting healthy year-on-year growth in revenue and profitability.
Integrated Business Model: Caliber Mining provides end-to-end services across the coal mining value chain, including coal extraction, overburden removal, transportation, rake loading, rail coordination, and coal trading. This integrated approach enables the company to offer comprehensive solutions to its customers while improving operational efficiency.
Strong Customer Relationships: The company has established long-term business relationships with subsidiaries of Coal India Limited, including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). These government-backed clients provide a stable source of business and recurring project opportunities.
Consistent Financial Growth: Caliber Mining has delivered steady financial performance over the past three years. In FY2026, the company reported 17% growth in total income and 20% growth in profit after tax (PAT), reflecting its ability to expand operations while maintaining profitability.
Large Operational Fleet: The company operates a fleet of over 1,900 vehicles, plants, and machinery, including tippers, excavators, loaders, and trailers. This extensive equipment base supports efficient execution of large mining and logistics contracts.
Dependence on Coal India Subsidiaries: A significant portion of the company's revenue comes from subsidiaries of Coal India Limited. Any reduction in contracts or changes in procurement policies could impact future revenue.
Industry and Policy Risks: The company's business is directly linked to the coal mining sector. Changes in government regulations, mining policies, environmental norms, or coal demand may affect business operations and growth.
High Debt Levels: As of FY2026, the company had total borrowings of Rs. 1,057.61 crore. Although part of the IPO proceeds will be used to reduce debt, a higher debt burden can impact financial flexibility and increase interest costs.
Operational Risks: Mining and logistics operations depend on regulatory approvals, equipment availability, transportation efficiency, and labor management. Any operational disruptions or project delays may impact profitability.
Environmental and Regulatory Compliance: Mining businesses are subject to strict environmental and statutory regulations. Delays in obtaining approvals or non-compliance with regulatory requirements could affect project execution.
1 Cr.
Mar'26
157.9 Cr.
Mar'26
430.92 Cr.
Mar'26
57 investors voted
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