Caliber Mining & Logistics IPO Opens July 17: Price Band, Issue Details and Key Dates

Mumbai | 14 July 2026 

Maharashtra-based coal mining and logistics provider Caliber Mining and Logistics, backed by Sunil Singhania’s Abakkus, will open its Rs 450 crore IPO on 17 July. The anchor book will open a day earlier, on 16 July. 

Issue Structure and Price Band 

The issue comprises a fresh issue of Rs 400 crore and an offer for sale of Rs 50 crore by promoters, the Chadda family. The company has reduced its offer for sale size by Rs 50 crore from an earlier Rs 100 crore. The total proposed IPO size stood at Rs 600 crore at the time of filing the Draft Red Herring Prospectus in December 2024, and SEBI cleared the draft papers in May 2025. 

The price band is set at Rs 402 to Rs 424 per share. At the upper end, Caliber Mining is valued at Rs 2,772 crore. 

Lot Size and Reservation 

Investors can bid for a minimum of 35 equity shares, and in multiples of 35 shares thereafter. The minimum investment for retail investors is Rs 14,840, and the maximum is Rs 1,92,920. 

Half of the offer has been reserved for qualified institutional buyers, 15% for non-institutional investors, and the remaining 35% for retail investors. 

Use of Proceeds 

Caliber Mining intends to use fresh issue proceeds for repayment of certain borrowings, purchase of machinery, and general corporate purposes. 

In June this year, the company raised Rs 100 crore from investors including Anchorage Capital Fund, Baring Private Equity India Fund 6, Scarlet Ventures, Anuj A Sheth and Maithili Gagan Chaturvedi, as part of the fresh issue component. 

Company Overview 

Caliber Mining and Logistics operates as an integrated services provider, managing overburden removal, coal extraction and logistics. Its services include coal extraction, overburden removal, coal loading and unloading, road transportation and coordination of rail transportation. The company operates in Maharashtra, Chhattisgarh and Madhya Pradesh, with its largest customers being Western Coalfields and Northern Coalfields, both subsidiaries of Coal India. 

Abakkus holds a 3.19% stake as the largest public shareholder, followed by Anchorage Capital Fund at 2.16%. 

DAM Capital Advisors is the merchant banker managing the issue. 

Outlook 

The company will finalise share allotment by 22 July, with listing on the stock exchanges tentatively scheduled for 24 July. 

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