Caliber Mining and Logistics Limited is an integrated mining services and logistics company specializing in coal extraction and coal logistics operations. The company provides end-to-end solutions across the mining value chain, including coal extraction, overburden removal, loading and unloading, road transportation, rake loading, rail coordination, and coal trading activities.
Business Operations:
- Coal Mining Services: Undertakes coal extraction and overburden removal through mining contracts, primarily for subsidiaries of Coal India Limited, using excavators, dozers, tippers, and other heavy mining equipment in open-cast mines.
- Logistics Services: Provides loading, transportation, and unloading services for coal and iron ore through its owned and leased fleet.
- Rake Loading Services: Offers loading of coal into railway rakes along with wagon inspection, cleaning, and dispatch management.
- Rail Coordination Services: Manages coal allocation, rake placement, loading, weighing, and delivery coordination for power plants and industrial customers.
- Coal Trading: Purchases coal from Coal India subsidiaries and the open market for supply to power plants and traders.
The company’s largest customers are subsidiaries of Coal India Limited (CIL), including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). Its mining and overburden removal operations are primarily located in Maharashtra, Chhattisgarh, and Madhya Pradesh.
As of April 30, 2026, the company operated a fleet of 1,911 vehicles, plant and machinery, including leased assets, comprising 883 tippers, 64 loaders, 162 excavators, and 362 tip trailers, supporting large-scale mining and logistics operations.
As of April 30, 2026, the company had 5,521 employees, including nine employees on retainer.
Caliber Mining & Logistics IPO – Details
| IPO Opening Date | 17 July 2026 |
| IPO Closing Date | 21 July 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,06,13,207 Shares Worth ₹450.00 Crore Fresh Issue: 94,33,962 Shares Worth ₹400.00 Crore Offer For Sale: 11,79,245 Shares Worth ₹50.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹402 – ₹424 per share |
| Market Lot | 35 Shares |
| Min Order | 35 Shares [1 Lot] |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Ltd. |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Caliber Mining & Logistics IPO – Date Schedule
| IPO Open Date | 17 July 2026 |
| IPO Close Date | 21 July 2026 |
| Basis of Allotment | 22 July 2026 |
| Initiation of Refund | 23 July 2026 |
| Credit of Shares to Demat Account | 23 July 2026 |
| IPO Listing Date | 24 July 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 21, 2026 |
Caliber Mining & Logistics IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹14,840 |
| Retail (Max) | 13 | 455 | ₹1,92,920 |
| S-HNI (Min) | 14 | 490 | ₹2,07,760 |
| S-HNI (Max) | 67 | 2345 | ₹9,94,280 |
| B-HNI (Min) | 68 | 2380 | ₹10,09,120 |
Competitive Strength
- Fast growing, end-to-end coal mining and logistics solution provider.
- Execution experience and operational efficiencies yielding opportunities for new L-1 orders.
- Growing share of business in the mining industry and from Coal India subsidiaries backed by a strong order book of ₹508,471.31 lakhs as of October 31, 2024.
- Proven track record of growth with robust financial performance.
- Rich industry experience and legacy-led promoters supported by a strong management team and professionals.
Company Promoters
- Mohit Satishkumar Chadda
- Anuj Krishanlal Chadda
- Manish Krishanlal Chadda
- Rahul Roshanlal Chadda
- Priya Anuj Chadda
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹957.92 Cr | ₹829.52 Cr | ₹95.12 Cr | ₹717.88 Cr |
| 31 March 2025 | ₹1,435.57 Cr | ₹1,258.38 Cr | ₹131.55 Cr | ₹649.27 Cr |
| 31 March 2026 | ₹1,684.66 Cr | ₹1,465.01 Cr | ₹95.12 Cr | ₹958.18 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| ROCE | 16.60% |
| Debt/Equity | 1.63 |
| RoNW | 24.38% |
| PAT Margin | 9.41% |
| EBITDA Margin | 25.69% |
| Price to Book Value | 7.33 |
| Pre IPO | Post IPO | |
| EPS (₹) | 28.23 | 24.15 |
| P/E (x) | 15.02 | 17.55 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/ prepayment, in full or part, of certain borrowings availed by the Company. | ₹208.00 |
| Funding capital expenditure for purchase of machinery. | ₹167.00 |
| General Corporate Purpose. |
Caliber Mining & Logistics IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 10 | Power Mech Projects Limited | 23.20 |
| 2 | 2 | NCC Limited | 13.00 |
| 3 | 1 | Sindhu Trade Links Limited | 69.20 |
| 4 | 10 | Dilip Buildcon Limited | 11.10 |
✅Strengths
- Integrated coal mining and logistics service provider.
- Strong relationships with Coal India subsidiaries such as WCL and NCL.
- Large fleet of mining equipment and transportation vehicles.
- Presence across key mining states of Central India.
- Diversified operations across mining, logistics, rake loading, and coal trading.
⚠️Risks
- Heavy dependence on Coal India subsidiaries for revenue.
- Business is highly dependent on the coal industry.
- Operations are concentrated in a few states.
- Mining business is capital intensive and requires continuous investments.
- Subject to strict environmental and mining regulations.
Caliber Mining & Logistics IPO Promoter Holding
| Pre-Issue Share Holding | 90.91% |
| Post Issue Share Holding | – |
Caliber Mining & Logistics IPO Prospectus
Company Contact Information
| Caliber Mining & Logistics Limited MIDC Chandrapur Industrial Area, Plot No. B-38 to B-48, Chinchala Chandrapur, Maharashtra, 442406 Phone: + 91 7122996128 Email: investors@cmll.in Website: https://cmll.in/ |
Caliber Mining & Logistics IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: cmll.ipo@kfintech.com Website: https://ipostatus.kfintech.com/ |
Caliber Mining & Logistics IPO Lead Manager(s)
| 1. Dam Capital Advisors Ltd. |
Caliber Mining & Logistics IPO FAQs
| What is the Caliber Mining & Logistics IPO? Caliber Mining & Logistics IPO is a main-board IPO. The issue is priced at ₹402 to ₹424 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Caliber Mining & Logistics IPO open? The IPO is to open on 17 July 2026 for QIB, NII, and Retail Investors. |
| What is Caliber Mining & Logistics IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Caliber Mining & Logistics IPO Size? Caliber Mining & Logistics IPO size is ₹450.00 Crore. |
| What are the Caliber Mining & Logistics IPO Minimum and maximum lot sizes for Retail? The minimum bid is 35 Shares with ₹14,840, while the maximum bid is 455 Shares with ₹1,92,920. |
| What is the Caliber Mining & Logistics IPO Allotment Date? Caliber Mining & Logistics IPO allotment date is 22 July 2026. |
| What is the Caliber Mining & Logistics IPO Listing Date? Caliber Mining & Logistics IPO listing date is 24 July 2026. The IPO is to be listed on the BSE and the NSE. |
