Caliber Mining & Logistics IPO: GMP signals modest listing gains; 10 key things to know from RHP

Caliber Mining & Logistics IPO: The initial public offering of Caliber Mining and Logistics is set to open for public subscription on Friday, 17 July, and will remain so until Tuesday, 21 July. Ahead of the issue, grey market is showing mild enthusiasm for Caliber Mining shares.

The grey market premium (GMP) of Caliber Mining & Logistics shares on Wednesday, 15 July, morning was ₹80, suggesting the stock could list at a 19% premium over the issue price.

Caliber Mining IPO is a book build issue, which combines a fresh issue of 94 lakh shares and an offer for sale (OFS) of 12 lakh shares. With a price band of ₹402 to ₹424 per share, the company aims to raise about ₹400 crore from the fresh issue of shares.

Caliber Mining IPO share allotment is expected to be finalised on Wednesday, 22 July, and the stock is expected to debut on the BSE and the NSE on Friday, 24 July.

Ahead of the share sale coming Friday, here are the 10 key things that investors should know about Caliber Mining and Logistics IPO from the Red Herring Prospectus (RHP):

Caliber Mining & Logistics IPO combines a fresh issue of 94 lakh shares to raise ₹400 crore and an OFS of 12 lakh shares, aggregating to ₹50 crore. Promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda are selling some of their stakes for ₹12.50 crore each.

As per the RHP, DAM Capital Advisors Limited is the book-running lead manager, while KFin Technologies Limited is the registrar of Caliber Mining & Logistics IPO.

The company will use the net proceeds from the fresh issue of shares to pay certain borrowings, to purchase commercial vehicles, plant and machinery, and for general corporate purposes.

Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda, and Priya Anuj Chadda are the promoters of the company.

Cumulatively, till the filing of RHP, they held 4,96,50,000 shares, representing 88.75% of the issued, subscribed and paid-up share capital of the company.

The company's board comprises of eight directors. Mohit Satishkumar Chadda, 39, is the Chairman and Managing Director of the company.

As per the RHP, the company is a mining operator, managing overburden removal, coal extraction and coal logistics. Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh. It does not own any of the mines.

"We offer our customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making us a one-stop coal mining and logistics provider," reads the RHP.

As per the RHP, the company's revenue from operations grew at a CAGR of 32.67% from ₹953.12 crore in FY24 to ₹1,677.66 crore in FY26.

The company's consolidated profit in FY24 was ₹95.90 crore which rose to ₹157.90 crore in FY26.