Caliber Mining & Logistics IPO

Caliber Mining and Logistics IPO

Caliber Mining and Logistics IPO is a 100% book-built of up to ₹600 crore, comprising a fresh issue of ₹500 crore and an offer for sale (OFS) of ₹100 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on December 30, 2024.

The price band and official dates of listing and subscription will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead manager of the issue is DAM Capital Advisors Ltd., while the registrar to the issue is KFin Technologies Ltd.

Caliber Mining and Logistics IPO Date & Timeline

Caliber Mining and Logistics Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on December 30, 2024. However, the specific Caliber Mining and Logistics IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.

Caliber Mining and Logistics IPO GMP

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Caliber Mining and Logistics IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Caliber Mining and Logistics Ltd. was incorporated as Caliber Mercantile Private Limited on July 3, 2014, in Mumbai, Maharashtra. Over the years, the company evolved its operational focus, leading to a name change to Caliber Mining and Logistics Private Limited and subsequently converting to a public limited company in 2024.

The company operates out of its registered office in Chandrapur and a corporate office in Nagpur. The company functions as a rapidly growing second-generation business enterprise. The organization has transitioned from foundational logistics operations into a comprehensive contract mining entity, expanding its presence primarily across central India.

Operations & Product Range

Caliber Mining and Logistics Ltd. is known for its expertise in providing complete solutions in the coal and minerals industry. The company’s activities revolve around the processes involved in mining, massive overburden handling, loading and unloading of coal and road transportation. This makes the company act as a single-source provider of coal mining and logistics services.

The business strategy of the company focuses largely on serving mining organisations and power stations by providing uninterrupted flow and transportation of essential raw materials, while the range of services offered is geared towards maximising the productivity of opencast mines.

Facilities & Capacity

Caliber Mining and Logistics Ltd. has established a strong infrastructure in mineral-rich states such as Maharashtra, Chhattisgarh and Madhya Pradesh to execute its mining and transportation contracts. As of the end of 2024, the firm has a fleet of 1,473 units comprising 600 tippers, 46 loaders, 96 excavators and 447 tip trailers. With such an elaborate fleet of machinery, the company can move millions of cubic meters of earthwork and transport coal in thousands of tons every year.

Brands & Market Presence

Caliber Mining and Logistics Ltd. is a major player among Indian companies that specialise in contract mining services. This company is renowned for providing a full range of services such as overburden stripping, coal mining and logistical operations. Its primary expertise lies in the mining areas of central India and it has many connections with the mining subsidiaries owned by the government.

Revenue Streams & Business Model

Caliber Mining and Logistics Ltd.’s primary revenue source is driven by a diversified yet focused business model: long-term service contracts for overburden removal and raw coal extraction. Additional significant revenue is sourced from road transportation services, rake loading and rail coordination logistics. The company also engages in coal trading, which adds a supplemental layer to its top line. The revenue model is heavily reliant on domestic operations, with the largest volume of business stemming from prominent mine-owning subsidiaries of Coal India Ltd.

Management & Shareholding

The management of Caliber Mining and Logistics Ltd. is led by Mohit Satishkumar Chadda, Anuj Krishanlal Chadda, Manish Krishanlal Chadda, Rahul Roshanlal Chadda and Priya Anuj Chadda. Before the IPO, the promoter group held a significant majority stake of over 92.66% of the pre-issue share capital. But, after the IPO, the promoter shareholding will be diluted in accordance with regulatory requirements, thereby increasing the public float.

Board & Key Management

The leadership of Caliber Mining and Logistics Ltd. is led by a team of experts with many years of experience. Mohit Satishkumar Chadda serves as the Chairman & Managing Director and gives strategic direction to the firm and manages the daily operations, along with Whole-Time Directors Manish Krishanlal Chadda, Rahul Roshanlal Chadda and Priya Anuj Chadda. To ensure good governance, the board includes Independent Directors Ramnath Pradeep, Anil Kumar Jha, Rajendra Prasad Shukla and Kawal K. Jaggi for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.