Caliber Mining IPO: Price Band, Lot Size, Financials & Review
Caliber Mining IPO listed on BSE & NSE on Fri, 24 Jul 2026. The issue was subscribed 146.64x overall.
- Open Date
- 17 Jul 2026
- Close Date
- 21 Jul 2026
Last updated
- Price band
- ₹402 – ₹424
- Lot size
- 35 shares
- Min. investment
- ₹14,840
- Issue size
- ₹450 Cr
- Last GMP
- +₹60
- Subscribed
- 🔥 146.64x
Caliber Mining IPO details
Caliber Mining IPO is a ₹450 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It combines a fresh issue of ₹400 Cr (88.89%) with an offer for sale of ₹50 Cr (11.11%) by existing shareholders. Only the fresh issue money goes to the company.
The issue was open from Fri, 17 Jul 2026 to Tue, 21 Jul 2026. Allotment was finalised on Wed, 22 Jul 2026, and the shares listed on BSE & NSE on Fri, 24 Jul 2026.
The price band is ₹402 to ₹424 per share and the lot size is 35 shares, so the minimum retail application is ₹14,840. Retail investors can apply for up to 13 lots (455 shares, ₹1,92,920).
KFin Technologies Limited is the registrar, and Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) is the book running lead manager.
Grey market premium (GMP)
Day-wise GMP →The last Caliber Mining IPO GMP before listing was +₹60 (+14.15% against the upper price band of ₹424), implying an estimated listing price of ₹484. Across 10 days of tracking, GMP ranged from +₹60 (24 Jul) to +₹117 (18 Jul).
| Last GMP | +₹60 |
|---|---|
| GMP vs upper band | +14.15% |
| Estimated listing price | ₹484 |
| Highest (18 Jul) | +₹117 |
| Lowest (24 Jul) | +₹60 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Caliber Mining IPO day-wise GMP.
Subscription
Day-wise subscription →Caliber Mining IPO was subscribed 146.64x overall: QIB 240.71x, NII 267.36x and retail 41.15x.
| Category | Subscribed |
|---|---|
| QIB | 240.71x |
| NII | 267.36x |
| └ bNII (above ₹10 lakh) | 293.26x |
| └ sNII (₹2–10 lakh) | 215.57x |
| Retail | 41.15x |
| Total | 146.64x |
Final figures at the close of bidding on 21 Jul 2026. Category-wise bids, application-wise breakup and allotment chances are on the Caliber Mining IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 22,38,805 | 28.57% |
| Non-Institutional | 16,79,105 | 21.43% |
| └ BNII | 11,19,404 | 14.29% |
| └ SNII | 5,59,701 | 7.14% |
| Retail Investors | 39,17,911 | 50.00% |
| Total | 78,35,821 | 100.00% |
Caliber Mining IPO lot size
| 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 | 2,345 | ₹9,94,280 |
| B-HNI (Min) | 68 | 2,380 | ₹10,09,120 |
Amounts at the upper end of the price band.
Issue structure and valuation
It combines a fresh issue of ₹400 Cr (88.89%) with an offer for sale of ₹50 Cr (11.11%) by existing shareholders. Only the fresh issue money goes to the company.
At the upper price band of ₹424, the issue is priced at 15.02x pre-issue earnings and 17.55x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 18.27x (4 companies).
Promoter holding falls from 90.91% before the issue to 74.64% after it.
| EPS (pre-issue) Latest earnings per share before the issue | ₹28.23 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 15.02x |
| EPS (post-issue) EPS on the enlarged share capital | ₹24.15 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 17.55x |
| Promoter holding (pre-issue) | 90.91% |
| Promoter holding (post-issue) | 74.64% |
Caliber Mining and Logistics Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹1,435.57 Cr to ₹1,684.66 Cr, and profit after tax rose from ₹131.55 Cr to ₹157.9 Cr. The PAT margin for 31 Mar 2026 was 9.37%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 2,077.39 | 1,404.09 | 1,279.18 |
| Total Income | 1,684.66 | 1,435.57 | 957.92 |
| Profit After Tax | 157.90 | 131.55 | 95.90 |
| EBITDA | 430.92 | 349.77 | 243.14 |
| Net Worth | 647.54 | 489.30 | 295.93 |
| Reserve & Surplus | 593.96 | 435.71 | 244.93 |
| Total Borrowings | 1,057.61 | 649.27 | 717.88 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROCE % | 16.60 | 20.68 | 16.81 |
| Debt / Equity | 1.63 | 1.33 | 2.45 |
| RoNW % | 24.38 | 26.89 | 32.41 |
| Pat Margin % | 9.41 | 9.20 | 10.06 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Caliber Mining and Logistics Ltd | 10 | — | 29.47 | 29.47 | 24.38% | 120.85 |
| Power Mech Projects Ltd | 10 | 22.94 | 115.12 | 115.12 | 15.90% | 818.90 |
| Ncc Limited | 2 | 13.59 | 10.76 | 10.76 | 9.02% | 127.88 |
| Sindhu Trade Links Ltd | 1 | 97.15 | 0.27 | 0.27 | 2.54% | 14.66 |
| Dilip Buildcon Ltd | 10 | 4.95 | 86.08 | 86.08 | 20.09% | 428.55 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment or prepayment in full or part of all or certain outstanding borrowings availed by our Company |
| 2 | Funding capital expenditure for purchase of machinery for contract requirements |
| 3 | General corporate purposes |
About Caliber Mining and Logistics Limited
Incorporated in 2014, Caliber Mining and Logistics Limited is an integrated mining and logistics service provider specializing in coal extraction, transportation, and related logistics solutions. Headquartered in Maharashtra, India, the company delivers end-to-end services across the coal mining value chain, serving leading public-sector mining companies and power producers.
The company offers a comprehensive range of services, including coal extraction, overburden removal, coal loading and unloading, road transportation, rail transportation coordination, rake loading, and coal trading. Its integrated business model enables customers to streamline mining and logistics operations through a single service provider.
Business Operations
Coal Mining Services
Caliber Mining undertakes coal extraction and overburden removal under mining contracts awarded by mine owners, including subsidiaries of Coal India Limited (CIL). The company primarily operates open-cast mines, deploying excavators, dozers, tippers, and other heavy equipment for excavation, material handling, and transportation.
Logistics Services
The company provides integrated logistics solutions for coal and iron ore, covering loading, transportation, and unloading operations. These services are executed through its extensive fleet of vehicles and equipment under customer-specific work orders that define pricing, delivery schedules, and operational terms.
Rake Loading Services
Caliber Mining offers rake loading services for rail transportation of coal. The scope of work includes wagon inspection and cleaning, loading coal into railway rakes using loaders, ensuring timely dispatch, and invoicing customers based on the quantity recorded through weighbridge measurements.
Rail Coordination Services
The company provides comprehensive rail coordination services for power plants and other customers by managing coal allocation, quality monitoring, rake placement, loading, weighment, and timely delivery. These services are designed to minimize operational delays and help customers avoid penalties arising from supply disruptions.
Coal Trading
In addition to service-based operations, the company is engaged in coal trading. It procures coal from Western Coalfields Limited (WCL) and the open market and supplies it to power plants, industrial consumers, and traders, generating revenue through trading margins.
Customer Base
Caliber Mining primarily serves subsidiaries of Coal India Limited (CIL), with key customers including:
- Western Coalfields Limited (WCL)
- Northern Coalfields Limited (NCL)
The company's mining and overburden removal operations are concentrated across Maharashtra, Chhattisgarh, and Madhya Pradesh.
Fleet and Equipment
As of April 30, 2026, the company owned and operated a fleet of 1,911 vehicles, plant, and machinery, including 100 leased assets. The fleet comprised:
- 883 Tippers
- 64 Loaders
- 162 Excavators
- 362 Tip Trailers
- Other supporting vehicles and heavy machinery used for mining and logistics operations
Workforce
As of April 30, 2026, Caliber Mining and Logistics Limited employed 5,521 personnel, including nine employees engaged on a retainer basis, supporting its mining, logistics, administrative, and operational activities across multiple project locations.
Promoters
- Mohit Satishkumar Chadda
- Anuj Krishanlal Chadda
- Manish Krishanlal Chadda
- Rahul Roshanlal Chadda
- Priya Anuj Chadda
Contact details
Caliber Mining & Logistics Ltd.
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 IPO FAQs
- What is the Caliber Mining IPO price band?
- The Caliber Mining IPO price band is ₹402 to ₹424 per share.
- What is the Caliber Mining IPO lot size and minimum investment?
- The Caliber Mining IPO lot size is 35 shares. The minimum retail investment is ₹14,840 for one lot at the upper price band. Retail investors can apply for up to 13 lots (455 shares), costing ₹1,92,920.
- When was Caliber Mining IPO open for subscription?
- Caliber Mining IPO was open for subscription from Fri, 17 Jul 2026 to Tue, 21 Jul 2026.
- What is the Caliber Mining IPO subscription status?
- Caliber Mining IPO was subscribed 146.64x overall: QIB 240.71x, NII 267.36x and retail 41.15x. Day-wise and category-wise figures are on the subscription page.
- What was the Caliber Mining IPO GMP before listing?
- The last Caliber Mining IPO GMP before listing was +₹60 (+14.15% against the upper price band of ₹424), implying an estimated listing price of ₹484. Across 10 days of tracking, GMP ranged from +₹60 (24 Jul) to +₹117 (18 Jul). GMP is an unofficial grey market indicator and can change quickly.
- What is the Caliber Mining IPO allotment date?
- The Caliber Mining IPO basis of allotment was finalised on Wed, 22 Jul 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Caliber Mining IPO listing date?
- Caliber Mining IPO listed on BSE & NSE on Fri, 24 Jul 2026.
- Is the Caliber Mining IPO a fresh issue or an offer for sale?
- It combines a fresh issue of ₹400 Cr (88.89%) with an offer for sale of ₹50 Cr (11.11%) by existing shareholders. Only the fresh issue money goes to the company.
- Who are the registrar and lead managers of the Caliber Mining IPO?
- The registrar for the Caliber Mining IPO is KFin Technologies Limited, and the book running lead manager is Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd).
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.