Caliber Mining sets US$5.46-US$5.76 IPO price band to raise US$61.1M
What's the deal? Caliber Mining and LogisticsDealroom has a profile for this one. Try Dealroom → has fixed a price band of US$5.46-US$5.76 per share for its main board IPO, aiming to raise US$61.1M (roughly $46.8 million). The issue opens for subscription on 18 July 2026, with a minimum bid of 35 shares.
The structure: The offer combines a fresh share issuance of US$54.3M and an offer-for-sale of US$6.79M by promoters Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, and Rahul Roshanlal Chadda. The company has already completed a pre-IPO placement of US$13.6M.
Where the money goes: Of the fresh issue proceeds, US$28.2M is earmarked for debt repayment and US$22.7M for commercial vehicles, plant, and machinery, with the balance for general corporate purposes.
What's the endgame? Incorporated in 2014, Caliber is an integrated mining operator handling overburden removal, coal extraction, and coal logistics. It runs a fleet of 1,911 vehicles, plant, and machinery across Maharashtra, Madhya Pradesh, and Chhattisgarh, and does not own any of the mines it works.
The numbers: Revenue from operations rose to US$227.9M in FY26 from US$194.2M the prior year, while net profit climbed to US$21.5M from US$17.8M. Its order book jumped from US$769.7M at March-end to US$1.3B as of 15 May 2026.
Who's buying? Its largest customers include Western Coalfields and Northern Coalfields, both state-owned producers. DAM Capital AdvisorsDealroom has a profile for this one. Try Dealroom → is the book-running lead manager, with KFin TechnologiesDealroom has a profile for this one. Try Dealroom → as registrar.
The signal: Caliber's listing ties investor appetite to India's coal supply chain, where demand for extraction and transport contractors tracks the country's continued reliance on domestic coal. Growing order books signal steady work ahead, but the company's dependence on a handful of state buyers concentrates its risk.
Read more: The Hindu BusinessLine
