Caliber Mining & Logistics Ltd. announced the price band for its Rs 450-crore Initial Public Offering (IPO) on Tuesday at Rs 402–424 per equity share. The public issue will open for subscription on July 17, 2026, and close on July 21, 2026.
The IPO comprises a fresh issue of 94 lakh equity shares worth Rs 400 crore and an offer for sale (OFS) of 12 lakh crore shares aggregating to Rs 50 crore. The OFS includes shares being sold by promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda.
The company expects to finalise the share allotment on July 22, while the shares are tentatively scheduled to debut on the BSE and NSE on July 24.
At the upper price band, retail investors will need a minimum investment of Rs 14,840 for one lot of 35 equity shares.DAM Capital Advisors Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. has been appointed as the registrar.
About Caliber Mining & Logistics
Incorporated in 2014, Caliber Mining & Logistics is an integrated mining services company focused on coal extraction and logistics. Its offerings span the entire mining value chain—overburden removal, coal loading and unloading, road transportation, and rail logistics coordination—making it a comprehensive mining and logistics solutions provider.
The company primarily serves subsidiaries of Coal India Ltd., with Western Coalfields Ltd. (WCL) and Northern Coalfields Ltd. (NCL) among its key customers.
Caliber has been operating in the coal logistics business since FY16, providing end-to-end solutions for coal transportation. In FY23, the company diversified its logistics portfolio by expanding services to the iron ore sector.
Its mining and overburden removal operations are spread across Maharashtra, Chhattisgarh, and Madhya Pradesh.
Utilisation of IPO Proceeds
The company intends to use the net proceeds from the fresh issue to strengthen its balance sheet and expand its operational capabilities. Of the total proceeds, Rs 175 crore will be used for the repayment or prepayment of certain borrowings, while Rs 200 crore has been earmarked for capital expenditure towards the purchase of machinery. The remaining funds will be deployed for general corporate purposes.
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