Caliber Mining & Logistics IPO

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.
The promoter group-including Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda, and Priya Anuj Chadda-commands a strong pre-issue stake of 90.91%.

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
This capital deployment strategically splits fresh funds between balance sheet optimization and volume expansion-using ₹208.00 crore to lower debt while simultaneously deploying ₹167.00 crore to scale asset ownership and capture higher-tier mining opportunities.
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
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