Caliber Mining and Logistics Limited (Formerly known as Caliber Mercantile Private Limited) has fixed the price band of Rs 402/- to Rs 424/- per Equity Share of face value Rs 10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, July 17, 2026, for subscription and close on Tuesday, July 21, 2026.
Investors can bid for a minimum of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.
Equity shares outstanding as on date is 5,59,41,823 Equity Shares of Rs 10 each
The offer, with a face value of Rs 10, consists of a fresh issue up to Rs 40,000 lakhs and an offer-for-sale up to Rs 5,000 lakhs by promoters – Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.
The proceeds from its fresh issuance worth Rs 20,800 lakhs will be utilised for repayment/ prepayment, in full or part, of certain borrowings availed by the company, Rs 16,700 lakhs for funding capital expenditure for purchase of commercial vehicles, plant and machinery, and the balance towards general corporate purpose.
The company, in consultation with the book-running lead manager, has already completed a pre-IPO Placement for up to Rs 10,000 lakhs.
The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.
Incorporated in 2014, the company is a mining operator managing overburden removal, coal extraction and coal logistics together as an integrated services provider. It has a fleet of 1,911 vehicles, plant and machinery (including 100 that are leased vehicles, plant and machinery) as of April 30, 2026 comprising of 883 tippers, 64 loaders, 162 excavators and 362 tip trailers.
The company offers its customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making it a one-stop coal mining and logistics provider. Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh; however, it does not own any of the mines.
The company’s largest customers are mine owing subsidiaries of Coal India Limited (Coal India or CIL), namely Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL). In logistics, the company focuses on coal loading, unloading and road transportation using its fleet of 1,811 owned (and 100 leased) vehicles, plant and machinery as of April 30, 2026. As of April 30, 2026, its workforce comprised 5,521 employees including four employees on retainer. Its order book increased from Rs 5,66,829.69 lakhs as at March 31, 2026 to Rs 9,55,089.08 lakhs as of May 15, 2026.
Its revenue from operations was Rs 1,67,766.09 lakhs during FY26 as against Rs 1,43,040.38 lakhs a year earlier.
Its net profit was Rs 15,790.04 lakhs during FY26 as against Rs 13,154.88 lakhs a year earlier.
DAM Capital Advisors Limited is the Book-Running Lead Manager, and KFin Technologies Limited is the Registrar of the Offer. The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.
Caliber Mining and Logistics Limited (Formerly known as Caliber Mercantile Private Limited)is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated July 13, 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM at https://www.damcapital.in/home.aspx the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.cmll.in Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 26 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.
The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).