IPO at a Glance
Price Band
₹402 to ₹424
Face Value ₹10 / share
Issue Opens
Jul 17, 2026
Closes Jul 21, 2026
Lot Size
35 Shares
Min Investment: ₹14,840
Total Issue Size
₹450 Cr
Fresh Issue + OFS
Listing
BSE & NSE
Tentative: Jul 24, 2026
Lead Manager
Dam Capital Advisors
Registrar: Kfin Technologies
About the Company: Integrated Mining & Logistics Solutions
Incorporated in 2014, Caliber Mining and Logistics Limited is a Maharashtra-based integrated service provider specializing in comprehensive coal extraction and resource logistics infrastructure. The company operates a robust end-to-end model catering directly to the high-volume requirements of major national power utilities and the mining sector.- Comprehensive Mining Operations: Handles open-cast coal mining, commercial overburden removal, and loading contracts primarily with public sector power corporations and mine-owning entities, including subsidiaries of Coal India Limited.
- End-to-End Logistics & Rakes: Delivers macro-logistics solutions covering multi-state road transportation, rail coordination management for thermal power grids, and rigorous mechanical rail rake loading infrastructure.
- Massive Operational Fleet: Commands an extensive operational network utilizing an owned and leased fleet of 1,911 heavy transport vehicles, excavators, tippers, and specialized industrial machinery as of April 2026.
- Strategic Regional Presence: Controls critical extraction, trading, and logistics operational clusters located seamlessly across key resource belts in Maharashtra, Chhattisgarh, and Madhya Pradesh.
- Sturdy Employment Base: Backed by a large and experienced workforce comprising 5,521 active personnel and specialized field management professionals as of April 30, 2026.
Financial Trends & Strong Balance Sheet
Caliber Mining has delivered a consistent track record of rapid top-line growth alongside highly efficient operating margins across sequential financial review periods.| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | ₹2,077.39 Cr | ₹1,404.09 Cr | ₹1,279.18 Cr |
| Total Income | ₹1,684.66 Cr | ₹1,435.57 Cr | ₹957.92 Cr |
| Profit After Tax (PAT) | ₹157.90 Cr | ₹131.55 Cr | ₹95.90 Cr |
| EBITDA | ₹430.92 Cr | ₹349.77 Cr | ₹243.14 Cr |
| Net Worth | ₹647.54 Cr | ₹489.30 Cr | ₹295.93 Cr |
| Total Borrowings | ₹1,057.61 Cr | ₹649.27 Cr | ₹717.88 Cr |
All figures in ₹ Crore | Source: Red Herring Prospectus (Restated Consolidated / Standalone Mix)
The growth trend highlights clean operational momentum: total revenue expanded by 17.3% to ₹1,684.66 Cr in FY26, while Profit After Tax (PAT) recorded a robust 20% jump, surging up to ₹157.90 Cr.Key Performance Indicators (FY 2026)
16.60%
ROCE
24.38%
RoNW
9.41%
PAT Margin
25.69%
EBITDA Margin
1.63
Debt / Equity
7.33
P / BV Ratio
IPO Structure & Capital Utilization
The ₹450.00 crore public offering is structured as a mix of a ₹400.00 crore fresh capital issue and a ₹50.00 crore Offer for Sale (OFS). The company intends to allocate net proceeds from the fresh issue as follows:- Repayment or prepayment, in full or part, of certain outstanding company borrowings ₹208.00 Cr
- Funding vital machinery procurement and fleet capital expenditure requirements ₹167.00 Cr
- General Corporate Purposes Balance
The Final Verdict
Caliber Mining & Logistics Ltd. presents a compelling structural play within India’s essential primary energy and mineral logistics landscape. The company’s unique capability to manage end-to-end extraction alongside massive logistical rakes positions it to continuously win large orders, supported by a healthy ₹9,550 crore order book as of mid-2026.
Financially, the company’s metrics stand out, delivering a 24.38% RoNW alongside a solid 25.69% EBITDA margin. At the upper band price of ₹424, the issue is valued at a reasonable Post-IPO P/E multiple of 17.55x.
Given its attractive entry valuations relative to broader infrastructure engineering companies, a strong visibility pipeline from Coal India subsidiaries, and direct post-IPO debt reduction, this mainboard listing remains an attractive option for long-term investors.
Source: Chittorgarh IPO / Red Herring Prospectus Document Matrix


