Caliber Mining and Logistics fixes IPO price at ₹402-₹424 a share

Caliber Mining and Logistics has fixed the price band of ₹402-₹424 per share for its proposed IPO to raise ₹450 crore on the main board.

The issue opens for subscription on Friday. Investors can bid for a minimum of 35 shares and in multiples of 35 shares thereafter.

The offer includes fresh share issuance of ₹400 crore and an offer-for-sale of ₹50 crore by promoters – Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.

Of the proceeds from fresh share issuance, the company will use ₹208 crore for debt repayment, ₹167 crore for purchase of commercial vehicles, plant and machinery and the remaining for general corporate purposes.

The company has already completed a pre-IPO placement of ₹100 crore.

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.

Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh. It does not own any of the mines.

The company’s largest customers include Western Coalfields and Northern Coalfields. In logistics, the company focuses on coal loading, unloading and road transportation. Its order book increased from ₹5,668 crore as at March-end to ₹9,550 crore as of May 15.

Its revenue from operations was ₹1,678 crore during FY26 as against ₹1,430 crore logged in previous year. Its net profit was ₹158 crore (₹131 crore) in FY’26.

DAM Capital Advisors will be the Book-Running Lead Manager, while KFin Technologies has been appointed as the Registrar.