IPO Details
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IPO Size
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Schedule of Caliber Mercantile Pvt Ltd IPO
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End date
Allotment of bids
Refund Initiation
Listing on exchange
About Caliber Mining and Logistics Limited IPO
The IPO comprises a fresh issue of equity shares aggregating up to ₹500 crores and an offer for sale of equity shares aggregating up to ₹100 crores. The total size of the offer is up to ₹600 crores, with equity shares having a face value of ₹10 each.
Objectives of Caliber Mining and Logistics Limited IPO
- Repayment/ prepayment of certain borrowings availed by the company
- Funding capital expenditure for the purchase of machinery
- General corporate purposes
Caliber Mining and Logistics Limited IPO valuation
Detail Information Upper Price Band TBA Fresh Issue ₹500 crore Offer for Sale up to ₹100 crores EPS (in ₹) for FY 24 18.65
Caliber Mining and Logistics Limited IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Investors (NIIs) | Not less than 15% of the net issue |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Industry Outlook
India's infrastructure and energy sectors are witnessing robust growth, driven by public sector investments and strategic initiatives. Between FY 2014 and FY 2024, the average daily highway construction speed tripled, while railroads saw a 77% surge in capital spending. The operationalisation of new airport terminals has enhanced passenger capacity significantly. Coal remains pivotal, accounting for 56% of India's primary energy mix and 75% of power generation. By 2023, India consumed 1,234 million tonnes (MT) of coal, with domestic production improving steadily.
The government is advancing coal gasification and logistics efficiency through targeted programs like the Integrated Coal Logistics Plan. Additionally, amendments to coal block allocation rules and plans for renewable energy capacity underline India's commitment to sustainable growth. The correlation between GDP and power demand highlights the energy sector's critical role in economic expansion, with projections indicating continued high demand for power and infrastructure development.
Company Information
Caliber Mining and Logistics is one of India’s top 10 mining operators, offering integrated services in overburden removal, coal extraction, and coal logistics. Its operations cater primarily to subsidiaries of Coal India Limited, including Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL), as well as other private companies. The business portfolio includes coal mining services, logistics (loading, unloading, and road transportation), rake loading (loading coal onto rail rakes using machinery), rail coordination services (ensuring uninterrupted coal movement via Indian Railways), and coal trading (buying and selling coal).
As of October 31, 2024, the company operates a robust fleet of 1,473 vehicles and machinery, including trucks, trailers, loaders, and excavators. It has achieved significant growth in revenue from ₹372.08 crores in FY 2022 to ₹953.11 crores in FY 2024, reflecting a CAGR of 60.05%. The company positions itself as a one-stop solution for mining and logistics services across Maharashtra, Chhattisgarh, and Madhya Pradesh.
Caliber Mercantile Pvt Ltd Strengths
Integrated mining and logistics expertise
The company is among India’s top 10 mining operators, offering end-to-end services such as coal extraction, overburden removal, logistics, and rail coordination. Its ability to provide comprehensive solutions positions it as a one-stop provider in the mining and logistics industry, supported by a robust fleet of 1,473 vehicles and machinery.
Rapid revenue growth and market expansion
The company achieved a remarkable revenue growth of 522.59% from ₹106.29 crores in FY 2022 to ₹661.79 crores in FY 2024. Its market share in contractual coal production and overburden removal for Coal India subsidiaries has steadily increased, reflecting its growing dominance in the sector.
Operational efficiency and strategic location
With its mining operations concentrated within a 35 km radius, the company optimises transportation costs and fuel efficiency. This operational setup, combined with its focus on reducing major expenses like diesel costs, enhances its competitiveness in securing new contracts.
Risks of Caliber Mining and Logistics Limited IPO
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Unrest in mining areas: Their mining operations are concentrated in Maharashtra, Chhattisgarh, and Madhya Pradesh. Any significant social, political, economic or seasonal disruption, natural calamities or civil disruptions in Maharashtra, Chhattisgarh and Madhya Pradesh could have an adverse effect on their business, results of operations and financial condition.
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Global economic and geopolitical volatility: The company is exposed to global economic instability and geopolitical tensions, which can impact commodity prices, currency exchange rates, and investor sentiment. Events like conflicts in key regions or strained trade relations with major partners such as China could indirectly affect its operations and financial stability.
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Reliance on a few top customers: They derive a significant portion (71.51% in Fiscal 2024) of their revenue from operations from their top three customers, with their single largest customer, Western Coalfields Limited, contributing 46.04% of their revenue from operations in FY 2024. Loss of any of their top customers could adversely affect their business, results of operations and financial condition.
All Financial Information about Caliber Mercantile Pvt Ltd
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Name of the Company | Revenue from Operations (in ₹ crores) | EPS (Basic)₹ | RoNW (%) | Net Asset Value per Equity Share (₹) |
|---|---|---|---|---|
Caliber Mining and Logistics Limited | 953.11 | 18.65 | 32.27 | 57.81 |
Power Mech Projects Limited | 4,206.65 | 162.13 | 13.51 | 1162.69 |
NCC Limited | 20,844.96 | 11.32 | 11.15 | 105.75 |
Sindhu Trade Links Limited | 1686.06 | 0.37 | 4.73 | 9.70 |
Dilip Buildcon Limited | 12,011.90 | 13.75 | 4.60 | 298.85 |
IPO registrar and book running lead manager
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Registrar: KFin Technologies Limited
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Book Running Lead Managers:
DAM Capital Advisors Limited
Business Model
The company operates in the coal mining services sector, focussing on extracting coal and removing overburden at open-cast mines under mining service contracts. Its customers, who own both the mines and coal reserves, rely on the company for efficient operations.
Company Growth Trajectory
In Q1 2025, the company achieved an EBITDA of ₹90.96 crores and a PAT of ₹34.43 crores. Overall, EBITDA and PAT were 25% and 10%, in Fiscal 2024. This strong performance highlights the company’s competitive edge in the industry. The net worth of the company also grew significantly to ₹294.80 crores in Fiscal 2024, up from ₹106.50 crores in Fiscal 2022. Additionally, the company has an opening order book of approximately ₹5,084.71 crores to be executed over the next 3-5 years, ensuring sustained growth momentum.
Caliber Mining and Logistics Limited Profit and Loss
| Parameter | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Total Income (in ₹ crores) | 958.17 | 662.33 | 379.57 |
Profit Before Tax (in ₹ crores) | 124.00 | 129.75 | 63.22 |
Profit After Tax (in ₹ crores) | 95.12 | 93.19 | 44.30 |
EPS | 18.65 | 18.27 | 8.69 |
Caliber Mining and Logistics Limited Cash Flow Statement
| Parameters | FY 24 | FY 23 | FY 22 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 124.00 | 129.75 | 63.22 |
Net Cash from (used in) Operating Activities (in ₹ crores) | 47.34 | 101.53 | 51.49 |
Net Cash from (used in) Investing Activities (in ₹ crores) | (326.44) | (214.84) | (202.92) |
Net Cash from (used in) Financing Activities (in ₹ crores) | 274.10 | 107.11 | 160.25 |
Net Cash and Cash Equivalents (in ₹ crores) | (4.99) | (6.19) | 8.81 |
How to Check Allotment Status of Caliber Mining and Logistics Limited IPO?
1. Visit the Registrar's Website
To check the IPO allotment status for Caliber Mining and Logistics Limited IPO, visit the official website of KFin Technologies Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the 'Submit' button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.
2. Check on the Bombay Stock Exchange Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to www.bseindia.com and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.
On the BSE IPO page, follow these steps:
- Select 'Equity' from the dropdown menu
- Choose 'Caliber Mining and Logistics Limited' in the next dropdown
- Enter your application number
- Enter your PAN
- Click 'Search'
Your Caliber Mining and Logistics IPO allotment status will be displayed.
1. Verify on the National Stock Exchange Website
The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Caliber Mining and Logistics IPO allotment status.
Go to www.nseindia.com and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.
On the NSE IPO Bid Verification page, enter:
- Application number
- PAN
Then click 'Submit'. Your Caliber Mining and Logistics IPO bid and allotment details will be displayed.
How to Apply for Caliber Mining and Logistics Limited IPO?
- Step 1: Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
Caliber Mercantile Pvt Ltd IPO FAQs
What is the Caliber Mining and Logistics Ltd IPO?
Fresh Issue of equity shares aggregating up to ₹500 crores and an Offer for Sale of equity shares aggregating up to ₹100 crores.
Is Caliber Mining and Logistics IPO coming?
Yes, Caliber Mining and Logistics Ltd is expected to come up with its IPO soon.
Who is the Chairman of Caliber Mining and Logistics?
Mohit Satishkumar Chadda is the Chairman of Caliber Mining and Logistics.
What is the lot size of shares of Caliber Mining and Logistics Ltd IPO?
The company hasn’t given any information on the lot size yet.
From where can I read more about the IPO of Caliber Mining and Logistics Ltd?
You may read more about Caliber Mining and Logistics and its IPO from the company’s draft red herring prospectus (DRHP) here.
