Caliber Mining sets ₹402-₹424 IPO price band to raise ₹450 crore
What's the deal? Caliber Mining and LogisticsDealroom has a profile for this one. Try Dealroom → has fixed a price band of ₹402-₹424 per share for its main board IPO, aiming to raise ₹450 crore (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 ₹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. The company has already completed a pre-IPO placement of ₹100 crore.
Where the money goes: Of the fresh issue proceeds, ₹208 crore is earmarked for debt repayment and ₹167 crore 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 ₹1,678 crore in FY26 from ₹1,430 crore the prior year, while net profit climbed to ₹158 crore from ₹131 crore. Its order book jumped from ₹5,668 crore at March-end to ₹9,550 crore 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
