Caliber Mining And Logistic IPO From July 17
The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale of equity shares worth Rs 50 crore by promoters shareholders.
Caliber Mining and Logistics, formerly Caliber Mercantile has fixed price band of Rs 402 to Rs 424 per equity share of Rs 10 face value for its maiden Rs 450 crore initial public offer opening on July 17. The public offer closes on July 21.
Caliber Mining and Logistic incorporated in 2014, is a mining operator managing overburden removal, coal extraction and coal logistics together as an integrated services provider. The company offers its customers end-to-end services including coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation, making it a one-stop coal mining and logistics provider. It has a fleet of 1,911 vehicles, plant and machinery as of April 30, 2026 comprising of 883 tippers, 64 loaders, 162 excavators and 362 tip trailers. Its mining and overburden removal operations are located in Maharashtra, Madhya Pradesh and Chhattisgarh; however, it does not own any of the mines. The company’s largest customers are mine owing subsidiaries of Coal India, namely Western Coalfields (WCL) and Northern Coalfields (NCL).
The IPO comprises a fresh issue of equity shares worth Rs 400 crore and an offer for sale of equity shares worth Rs 50 crore by promoters shareholders.
The proceeds from the fresh issuance worth Rs 208 crore will be utilised for repayment certain borrowings availed by the company, Rs 167 crore
for funding capital expenditure for purchase of commercial vehicles, plant and machinery, and the balance towards general corporate purpose.
