CALIBER MINING AND LOGISTICS LTD IPO: Company Review, Subscription and Allotment Updates
2026-07-17 — Company overview and issue details CALIBER MINING AND LOGISTICS LTD IPO (ABOUT THE COMPANY) CALIBER MINING AND LOGISTICS LTD – COMPANY BACKGROUND Caliber Mining and Logistics Ltd is an integrated mining services provider,…
2026-07-17 — Company overview and issue details
CALIBER MINING AND LOGISTICS LTD IPO (ABOUT THE COMPANY)
CALIBER MINING AND LOGISTICS LTD – COMPANY BACKGROUND
Caliber Mining and Logistics Ltd is an integrated mining services provider, predominantly to the coal mining industry in India. Obviously, its biggest client is Coal India Ltd, which accounts for 80% of the coal mined in India in any full year. The mining and logistics solutions of Caliber Mining and Logistics Ltd include coal extraction, overburden removal, coal loading, coal unloading, road and rain transport coordination, and other allied services. It is also into coal trading; buying coal from Western Coalfields Ltd and selling to industries. The company has over 5,500 employees on its rolls to handle the various tasks.
Caliber Mining and Logistics Ltd has been promoted by Mohit Chadda, Anuj Chadda, Manish Chadda, Raul Chadda, and Priya Anuj Chadda. The IPO will be a combination of a fresh issue and an offer for sale. The fresh issue funds will be used to funding capex for purchase of machinery and for repayment / prepayment of loans. The offer for sale (OFS) is being offered by the 4 promoter shareholders of the company. The issue is being lead-managed by DAM Capital Advisors; while KFIN Technologies Ltd (KFINTECH) are the registrars to the IPO.
HIGHLIGHTS OF THE IPO ISSUE OF CALIBER MINING AND LOGISTICS LTD
Here are the key highlights of the public issue of Caliber Mining and Logistics Ltd.
The IPO is open from July 17th, 2026 to July 21st, 2026. It has a face value of ₹10 per share and the IPO price band has been fixed in the range of ₹402 to ₹424 per share.
The IPO of Caliber Mining and Logistics Ltd will be a combination of a fresh issue and an offer for sale (OFS) by the promoter shareholders of the company.
The Fresh Issue portion of the IPO comprises the issue of 94,33,962 shares (94.34 lakh shares), which at the upper price band of ₹424 per share, translates into a fresh issue size of ₹400.00 crore.
The offer for sale (OFS) portion of the IPO comprises the sale of 11,79,245 shares (11.79 lakh shares), which at the upper price band of ₹424 per share, translates into an OFS size of ₹50.00 crore.
Therefore, the overall IPO issue will comprise of a fresh issue and OFS of 1,06,13,207 shares (106.13 lakh shares), which at the upper price band of ₹424 per share translates into overall issue size of ₹450 crore.
Due to the dilutive impact of the fresh issue and the promoter participation in the offer for sale (OFS); promoter’s stake in the company will get reduced from 90.91% to 75.98% of the total shares outstanding post the IPO.
The IPO of Caliber Mining and Logistics Ltd will be listed on the NSE and the BSE on the IPO mainboard. The anchor allocation happened on July 08, 2026.
KEY DATES, INVESTOR ALLOCATION, AND LOT SIZES
Here are the key dates pertaining to the IPO of Caliber Mining and Logistics Ltd
| Event | Tentative Date |
|---|---|
| IPO Open Date | Friday, 17 July, 2026 |
| IPO Close Date | Tuesday, 21 July, 2026 |
| Basis of Allotment | Wednesday, 22 July, 2026 |
| Initiation of Refunds to non-allottees | Thursday, 23 July, 2026 |
| Credit of Shares to Demat | Thursday, 23 July, 2026 |
| Listing Date on NSE and BSE | Friday, 24 July, 2026 |
Data Source: Company RHP
Investors can apply either through their existing trading account or the ASBA application can be directly logged through the internet banking account. This can only be done through the authorized list of self-certified syndicate banks (SCSB).
The table below captures the gist of the allocation to various categories.
| Investor Category | Share Allocation | % Share |
|---|---|---|
| Reservation for Employees | Nil Shares | Not Applicable |
| Anchor Allocation | 31,83,961 shares | 28.89% of total IPO size |
| QIB Shares Offered | 22,38,805 shares | 20.32% of total IPO size |
| NII (HNI) Shares Offered | 16,79,105 shares | 15.24% of total IPO size |
| Retail Shares Offered | 39,17,911 shares | 35.55% of total IPO size |
| Total Shares Offered | 1,10,19,782 shares | 100.00% of Total IPO size |
Data Source: Security Parameters Filing (NSE)
The anchor portion, is carved out of the QIB portion and the QIB portion available in the IPO offer has been reduced proportionately. Please note that the above shares are final and may differ marginally from the original announcement.
Here is a quick look at the lot sizes applicable for the IPO of Caliber Mining and Logistics Ltd for various categories of investors.
| 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 |
It may be noted here that for the B-HNI category and for the QIB (qualified institutional buyer) category, there are no upper limits applicable. (1 Lot = 35 shares)
FINANCIAL HIGHLIGHTS OF CALIBER MINING AND LOGISTICS LTD
The table captures the key financials of Caliber Mining and Logistics Ltd for last 3 financial years.
| Particulars | FY26 | FY25 | FY24 |
|---|---|---|---|
| Net Revenues (₹ in crore) | 1,677.66 | 1,430.40 | 953.12 |
| Sales Growth (%) | 17.29% | 50.08% | |
| Profit after Tax (₹ in crore) | 157.90 | 131.55 | 95.90 |
| PAT Margins (%) | 9.41% | 9.20% | 10.06% |
| Total Equity (₹ in crore) | 647.54 | 489.30 | 295.93 |
| Total Assets (₹ in crore) | 2,077.39 | 1,404.09 | 1,279.18 |
| Return on Equity (%) | 24.38% | 26.89% | 32.41% |
| Return on Assets (%) | 7.60% | 9.37% | 7.50% |
| Asset Turnover Ratio (X) | 0.81 | 1.02 | 0.75 |
| Earnings per share (₹) | 29.47 | 24.55 | 18.80 |
| EBITDA (₹ in Crore) | 430.92 | 349.77 | 243.14 |
| EBITDA Margins (%) | 25.69% | 24.45% | 25.51% |
Data Source: Company RHP filed with SEBI (FY refers to Apr-Mar period)
The net profit margins have been stable between 9% and 10% between FY24 and FY26. The return on equity (ROE) has tapered in the last 2 years due to the rapid expansion of the equity base. The EBITDA margins have also been steady at around 25%. These steady profit margins can be attributed to the typical cost-plus based pricing in mining services offered.
VALUATION METRICS OF CALIBER MINING AND LOGISTICS LTD IPO
If one looks at the valuation of the company based on the latest FY26 full-year EPS of ₹29.47, it is trading at around 14.4X earnings at the upper band IPO price of ₹424 per share. That is reasonable valuations for the kind of very niche mining services offered. However, the valuations are likely to get caped due to the strict margin-based pricing that clients ask the company to adopt, which is evident in the flat net margins and EBITDA margins.
The company does bring some strengths to the table like the ability to offer end-to-end coal mining solutions, a strong client like Coal India Ltd, and opportunities for new L-1 orders due to its strong presence and track record in the business. While the margin-based pricing structure can be a valuation cap, the P/E ratio at 14.4X current earnings is very reasonable. For investors, the downside risk may be limited for the time being.
2026-07-17 — Anchor allocation
CALIBER MINING AND LOGISTICS LTD IPO (ANCHOR ALLOCATION 28.89%)
BRIEF ON ANCHOR ALLOCATION OF CALIBER MINING AND LOGISTICS LTD
The anchor issue of Caliber Mining and Logistics Ltd saw a strong response on 16th July 2026 with 28.89% of the overall IPO size absorbed by anchors. Out of 1,10,19,782 shares (110.20 lakh shares) on offer in the IPO, anchors picked up 31,83,961 shares (31.84 lakh shares) accounting for 28.89% of the total IPO size. The entire anchor allocation was made at the upper end of the price band of ₹424 per share. This includes the face value of ₹10 per share plus a share premium of ₹414 per share. The anchor bidding opened and closed on 16th July 2026.
KEY POINTS TO NOTE IN THE ANCHOR ALLOCATION PROCESS
Here are the key details pertaining to the anchor bidding of Caliber Mining and Logistics Ltd
| Bid Date | July 16, 2026 |
|---|---|
| Shares Offered | 31,83,961 shares |
| Anchor Portion Size (₹ in crore) | ₹135.00 crore |
| Anchor lock-in period end date for 50% shares (30 Days) | Aug 21, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Oct 20, 2026 |
An anchor investor in an IPO is a qualified institutional buyer (QIB) like a foreign portfolio investor or mutual fund or insurance company or a sovereign fund which invests before the IPO is made available to the public as per SEBI regulations. It helps in price discovery.
MAJOR ANCHOR ALLOCATION INVESTORS IN CALIBER MINING AND LOGISTICS LTD
On 16th July 2026, Caliber Mining and Logistics Ltd allotted 31,83,961 shares to a total of 10 anchor investors. The allocation was done at the upper IPO price band of ₹424 per share which resulted in overall anchor allocation of ₹135.00 crore. The anchors have already absorbed 28.89% of the total issue size of ₹467.24 crore. Listed below are the Top 10 IPO anchor investors who accounted for anchor collection of ₹135.00 crores, or, 100.00% of the overall anchor allocation of shares, one trading day ahead of the IPO of Caliber Mining and Logistics Ltd. The individual anchor allocation of top-10 investors is indexed descending on the number of shares allotted, and captured in the table below.
| Anchor Investors | No. of Shares | % of Anchor Portion | Value Allocated | |
|---|---|---|---|---|
| 01 | Ashoka India Equity Investment | 5,89,645 | 18.52% | ₹ 25.00 |
| 02 | QSIF Equity Ex-Top 100 Long-Short | 4,71,695 | 14.81% | ₹ 20.00 |
| 03 | QSIF Equity Long-Short Fund | 3,53,780 | 11.11% | ₹ 15.00 |
| 04 | 3P India Equity Fund 2M | 3,53,780 | 11.11% | ₹ 15.00 |
| 05 | Helios Small Cap Fund | 3,53,780 | 11.11% | ₹ 15.00 |
| 06 | QSIF Hybrid Long-Short Fund | 2,35,865 | 7.41% | ₹ 10.00 |
| 07 | Carnelian India Amrit Kaal Fund | 2,35,865 | 7.41% | ₹ 10.00 |
| 08 | Abakkus Four2Eight Opportunities Fund | 2,35,818 | 7.41% | ₹ 10.00 |
| 09 | Anchorage Capital Scheme III | 2,35,818 | 7.41% | ₹ 10.00 |
| 10 | QSIF Active Asset Allocator Long-Short | 1,17,915 | 3.70% | ₹ 5.00 |
| Grand Total | 31,83,961 | 100.00% | ₹ 135.00 |
Data Source: BSE Filings (Value Allocated is ₹ in Crore)
The detailed and comprehensive report on the anchor allocation with the mutual fund portion separated can be accessed on BSE by clicking on the link below.
Out of the 31,83,961 shares allocated to the anchors in the IPO, there was an allocation of 15,33,035 shares made to mutual funds regulated by SEBI. This anchor allocation to mutual fund was spread across 5 MF schemes of 2 asset management companies (AMCs). Mutual funds accounted for 48.14% of the overall anchor allocation.
Out of the 31,83,961 shares allocated to the anchors in the IPO, there was no allocation made to Life Insurance Companies regulated by IRDAI. The anchor allocation was spread across domestic mutual funds, SIFs, and AIFs.
NEXT STEPS IN CALIBER MINING AND LOGISTICS LTD IPO
Post the closure of the IPO subscription on 21st July 2026, the basis of allotment will be finalized on 22nd July 2026 and the refunds will be initiated on 23rd July 2026. In addition, the demat credits are expected to also happen on 23rd July 2026 and the stock will list on 24th July 2026 on the NSE and the BSE. The credits to the demat account to the extent of shares allotted will happen by the close of 23rd July 2026 under ISIN (INE11XY01018).
Interested in applying for this IPO?
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