Caliber Mining and Logistics Announces ₹450-Crore IPO; Subscription Opens July 17
Caliber Mining and Logistics IPO Opens July 17; Price Band Fixed at ₹402–424 per Share
Bilkul Bazaar
Ahmedabad
Caliber Mining and Logistics Limited has announced the price band for its maiden Initial Public Offering (IPO) at ₹402 to ₹424 per equity share of face value ₹10. The public issue will open for subscription on Friday, July 17, and close on Tuesday, July 21, 2026. Investors can bid for a minimum of 35 equity shares and in multiples thereafter.
The IPO comprises a fresh issue of equity shares worth ₹400 crore and an Offer for Sale (OFS) of ₹50 crore by the company’s promoters. Prior to the IPO, the company successfully completed a pre-IPO placement of ₹100 crore, reducing the size of the fresh issue accordingly.
The company plans to utilise the proceeds from the fresh issue primarily for repayment of borrowings, purchase of commercial vehicles, plant and machinery, and general corporate purposes.
Established in 2014, Caliber Mining and Logistics has emerged as an integrated mining services provider offering overburden removal, coal extraction and coal logistics under one umbrella. The company operates across Maharashtra, Madhya Pradesh and Chhattisgarh, serving major subsidiaries of Coal India Limited, including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL).
As of April 30, 2026, the company owned and operated a fleet of 1,911 vehicles, plant and machinery, supporting end-to-end mining logistics solutions ranging from coal extraction and transportation to rail coordination. Its order book has grown significantly from ₹5,668 crore as of March 31, 2026, to ₹9,551 crore by May 15, 2026, reflecting strong business visibility.
For FY26, Caliber Mining and Logistics reported revenue from operations of ₹1,677.66 crore, compared with ₹1,430.40 crore in the previous financial year. Net profit increased to ₹157.90 crore from ₹131.55 crore, highlighting healthy financial growth.
The IPO is being managed by DAM Capital Advisors Limited as the Book Running Lead Manager, while KFin Technologies Limited is the registrar. The company’s equity shares are proposed to be listed on both the BSE and the NSE.
“The IPO marks an important milestone in Caliber Mining and Logistics’ growth journey. The proceeds will strengthen our balance sheet, enhance our operational fleet and support our long-term strategy of expanding our integrated mining and logistics capabilities.”
“With a robust order book, long-standing relationships with Coal India subsidiaries and a strong execution track record, we are well-positioned to capitalise on opportunities in India’s mining and infrastructure sectors.”
“Caliber Mining and Logistics has built a scalable integrated mining services platform backed by strong operational performance. We believe the company is well placed to benefit from sustained demand in the coal mining ecosystem.”
IPO Snapshot
| Particulars | Details |
| IPO Opens | July 17, 2026 |
| IPO Closes | July 21, 2026 |
| Price Band | ₹402–₹424 per share |
| Face Value | ₹10 per share |
| Lot Size | 35 shares |
| Fresh Issue | ₹400 crore |
| Offer for Sale | ₹50 crore |
| Issue Size | ₹450 crore |
| Listing | BSE & NSE |
| Lead Manager | DAM Capital Advisors Ltd |
| Registrar | KFin Technologies Ltd |
| Objects of Issue | Debt repayment, purchase of vehicles & machinery, general corporate purposes |
Disclaimer: This article is for information only and is not investment advice. Please read the IPO documents carefully before investing.
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