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Caliber Mining and Logistics Ltd IPO
Status: Closed
Overview
IPO date
17 Jul 2026 to 21 Jul 2026
Face value
₹ 10 per share
Price
₹ 402 to ₹424 per share
Issue Size
10,613,206 shares
(aggregating up to ₹ 450 Cr)
(aggregating up to ₹ 450 Cr)
Allotment Date
22 Jul 2026
Listing at
NSE
Issue type
Book Building
Sector
Mining & Mineral products
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T&C*
Strengths vs Risks of Caliber Mining and Logistics Ltd
Know the pros & cons
Strengths
- End-to-end coal mining and logistics solution provider.
- Execution experience and operational efficiencies yielding opportunities for new L-1 orders.
- Growing share of business in mining industry and from Coal India subsidiaries backed by order book of Rs. 9,55,089.08 lakhs as at May 15, 2026.
- Proven track record of growth with financial performance.
- Industry experience and legacy led promoters supported by a management team and professionals.
Risks
- The company's mining operations is subject to operating risks. Accidents and other operating risks including flooding, disruptions due to truck machinery and equipment failures and unavailability of diesel fuel and water which could result in decreased production or increased cost of production, which could adversely affect its business, results of operations and financial condition.
- The company derives a significant portion (90.11% in Fiscal 2026) of its revenue from operations from the company's top three customers, with its single largest customer, Northern Coalfields Limited, contributing 44.16% of the company's revenue from operations in Fiscal 2026. Loss of any of its top customers could adversely affect the company's business, results of operations and financial condition.
- The success of the company's logistics business depends on its ability to generate sufficient freight volumes of coal and iron ore and optimise revenue to achieve desired profit margins and avoid losses. Any failures on its part to achieve desired operating or net profit margins could have an adverse impact on the company's business, results of operations and financial condition.
- Increase in the cost of power and fuel and stores and spares used in the company's operations, or the inability to obtain the necessary power and fuel or a sufficient quantity of stores and spares, could increase its operating expenses, disrupt or delay the company's production and materially and adversely affect profitability.
- The company is dependent on the award of large-scale mining contracts (over Rs.100,000 lakhs) which represented 76.12% of its revenue from operations in Fiscal 2026 and may represent a significant part of the company's Order Book in the future, increasing the potential volatility of its results of operations and cash flows and exposure to individual contract risks. Further, the award of future mining services contracts is subject to uncertainty and the company's failure to win future awards could adversely impact its business, results of operations and financial condition.
- The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the net proceeds from the Offer for Sale.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company's mining operations requires various approvals, licenses and permits which its mining customers must obtain or secure and any failures to obtain these approvals, licenses or permits in a timely manner may adversely impact on the company's business, results of operations and financial condition. The company is responsible for obtaining labour licenses and for approvals for the storage of diesel from the Indian Petroleum Explosive Safety Organisation (PESO). If its and the company's customers does not comply with all necessary licenses, permits and approvals required for its mining activities in a timely manner or at all the company's business results of operations and financial condition could be materially and adversely affected.
- Extensive governmental regulation relating to employee safety and health impose significant costs to the company's mining operations. A violation of health and safety requirements and the occurrence of accidents could disrupt its operations and increase operating costs as the company does not maintain insurance coverage against various potential risks associated with its operations, including any accidents or other hazards.
- Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on the company's financial condition.
- There are certain assessment notices issued against the Company pursuant to search operations carried out by the Income Tax authorities at the premises of the Company and its Promoters. The Company has filed replies to the notices received. There can be no assurance that the Income Tax Department will accept these replies filed by the Company and that there will be no additional tax liability imposed on the Company.
- The company failed to appoint a company secretary during the period from December 8, 2022 to July 29, 2024. Additionally, in the company's private placement of 20,83,333 Equity Shares on September 30, 2024, its does not open a separate bank account, and the company's utilised the proceeds from the issuance prior filing of PAS-3, in violation of Section 42 of the Companies Act, 2013. Its cannot assure you that such non-compliances will not occur in future or that no legal proceedings or regulatory actions will be initiated against the company for such noncompliances.
- The company's mining operations is 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 its business, results of operations and financial condition.
- The Company may not be successful in expansion into Odisha and Jharkhand which may adversely affect its business, results of operations and financial condition.
- The company operates in a competitive industry and may not be able to maintain its market position. Competitors in the company's peer group is both larger and smaller in size and scope of business, some are present in multiple sectors and its competitors may have better margins than the company and may perform better than its in terms of key financial ratios. If the company is unable to compete successfully with competitors in its peer group, the company's business, results of operations, cash flows may be adversely affected.
- The company is dependent on third party suppliers for lubricants, tyres, steel and other materials, as well as spare parts and other consumables. Any disruption to the timely and adequate supply of such materials, spare parts or consumables or volatility in their prices may adversely impact its business, results of operations and financial condition.
- The company is subject to various risks associated with the mining logistics industry and its may faces claims relating to loss or damage to the company's coal or iron ore cargos, personal injury claims or other operating risks that are not adequately insured.
- There are two outstanding criminal proceedings against the company's Promoters and one pre-litigation notice against its Company. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel and Senior Management as well as the company's ability to attract and retain personnel with technical expertise. Its inability to retain the company's Directors, Key Managerial Personnel and Senior Management or its ability to attract and retain other personnel with technical expertise could adversely affect the company's business, results of operations and financial condition.
- The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
- The company has significant capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on its business, results of operations and financial condition.
- The company's inability to collect receivables in time or at all and default in payment from its customers could result in the reduction of the company's profits and affect its cash flows.
- The company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business and financial condition. In Fiscal 2026 and in Fiscal 2025 and Fiscal 2024, the company has experienced a high debt to equity ratios of 1.63, 1.33 and 2.45, respectively.
- Any significant decline in the demand for the company's coal in the power industry in India due to increasing use of renewable energy sources or otherwise could have a material adverse effect on its business, results of operations and financial condition.
- Many of the company's key financial ratios have fluctuated from period to period and in some cases have declined in recent periods. A decline in the company's key financial ratios may indicate a decline in the performance of its results of operations and financial condition.
- The company has experienced negative cash flows in Fiscal 2025 and Fiscal 2024. Any negative cash flows in the future could adversely affect its business, results of operations and financial condition.
- Any downgrade in the company's credit ratings may increase interest rates for refinancing its outstanding debt, which would increase the company's financing costs, and adversely affect its future issuances of debt and the company's ability to raise new capital on a competitive basis.
- The company's contingent liabilities could materially and adversely affect its business, results of operations and financial condition.
- The company's operations is sensitive to seasonal changes and an abnormal rainy monsoon season could materially affect its business, results of operations and financial condition.
- Contracts awarded to the company by Western Coalfields Limited and Northern Coalfields Limited is standard form contracts and contain many terms that favour the counterparty and may be prejudicial to its rights under such contracts. The company's inability to exercise control over the terms of its arrangements with Western Coalfields Limited and Northern Coalfields Limited may adversely affect the company's results of operations.
- The company's mining contracts provide for a fixed rate based on its production of coal and the Company is exposed to increases in the cost of construction materials, fuel, and equipment other than for specified force majeure events which cannot be passed on. This may affect the company's margins and in turn its operations, financial condition and cash flows.
- The company's mining contracts may be terminated or penalties demanded upon the occurrence of certain events. Any termination of its mining contracts or demand for penalties by the company's customers could materially and adversely affect its business, results of operations and financial condition.
- The company may not has sufficient insurance coverage to cover its economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations and financial condition.
- The company's coal production from open cast mines involve is subject to extensive environmental and hazardous waste management laws and regulations in India, including the Environmental Protection Act, 1986. Under its mining contracts, compliance costs and capital expenditures related to these environmental requirements is the responsibility of the company's customers. Its may incur environmental liabilities in respect of the company's operations which are not covered by the terms of its mining contracts with the company's customers.
- The Company has experienced instances of delays in filing GST returns under the Goods and Services Act, 2017, as amended and other applicable laws. Any failures or delay in payment of such returns may expose its to potential financial and reputational risks and may adversely impact the company's business, results of operations, cash flows and financial condition.
- The company has a trademark application pending for its name and corporate logo. If the company is unable to protect its intellectual property rights, the company's business, results of operations and financial condition may be adversely affected. Its might infringe upon the intellectual property rights of others and any misappropriation of the company's intellectual property could harm its competitive position.
- Failures to maintain confidential information of the company's customers could adversely affect its reputation, business, results of operations and financial condition.
- Certain of the company's Directors and Promoter Shareholders has provided personal guarantees to lenders for certain loan facilities availed by its Company, which if invoked could adversely affect their ability to manage the company's affairs and which in turn may adversely impact its business, results of operations and financial condition.
- The company has issued Equity Shares during the preceding one year at prices below the Offer Price.
- After the completion of the Offer, the company's Promoters will continue to collectively hold substantial shareholding in the Company.
- The company's Promoters, Directors, Key Managerial Personnel and members of Senior Management are interested in the Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with its. The company cannot assure you that its Promoters, Directors, Key Managerial Personnel and members of Senior Management will exercise their rights for the benefit, or in the best interests of the Company.
- Conflicts of interest may arise out of business ventures in which certain of the company's Promoters and certain Directors is interested by virtue of, inter alia, shareholding and partnerships. Such potential conflict of interests could adversely affect its business, results of operations, profitability, margins, cash flows and financial condition.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- The company's funding requirements and the proposed deployment of Net Proceeds from the Fresh Issue has not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds from the Fresh Issue.
- The Company proposes to utilize an amount of Rs. 16,700 lakhs for funding capital expenditure towards purchase of trucks, equipment and machinery, based on its current estimates. The company is yet to place orders for these capital expenditures. In the event of any delay in placement of such orders, the proposed schedule of implementation and deployment of the Net Proceeds may be extended or may vary.
- The company's Subsidiary may not pay cash dividends on shares that its hold in it. Consequently, the Company may not receive any return on investments in the company's Subsidiary.
- The company depends on key equipment and machinery to conduct its coal mining operations. Acquisition of mining equipment is capital intensive, and if such equipment is not utilized in a productive and efficient manner, the company may not realize the benefits its expect from such equipment and the company's business and results of operations may be adversely affected.
- The company outsources a portion of its coal logistics business to third party transportation and logistics service providers. Any failures on the part of these third parties to meet the company's customer's requirements could adversely affect its logistics business.
- The company is susceptible to risks relating to accidents due to human error, which can lead to injury or loss of human life and cause interruptions and disruptions to the company's mining and logistics operations. Moreover, misconduct or errors by manpower engaged by its could expose the company to business risks.
- Failures or disruption of the company's information technology and enterprise resource planning systems may adversely affect its business, results of operations and financial condition.
- The company's pursuit of joint ventures as consortium partners with third-parties on new coal mining services contracts exposes its to risks that could adversely affect the company's business, results of operation and financial condition.
- The company leases its Registered Office, branch office, and site offices for operations. If some of these leases are terminated or not renewed on favourable terms, or at all, its business, results of operations and financial conditions could be adversely affected.
- The company's inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company's business.
- If the company does not continue to invest in new technologies and equipment, its machines and equipment may become obsolete and the company's production costs may increase relative to its competitors, which may have an adverse impact on the company's business, results of operations and financial condition.
- The company's associates may not pay cash dividends on shares that its hold in them. Consequently, the Company may not receive any return on investments in its associates.
- If the company is unable to establish and maintain an effective internal controls and compliance system, its business and reputation could be adversely affected.
- Information relating to the company's coal extraction production and overburden removal production included in this Red Herring Prospectus are based on various assumptions and estimates and future production may vary.
- Certain sections of this Red Herring Prospectus contain information from the CRISIL Report which the company's commissioned and purchased and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the mining and logistics industries and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
- The company has not obtained an independent valuation report in connection with the acquisition of equity shares of Caliber Natural Resources Private Limited and Caliber Mines and Minerals Private Limited from its Promoters, which may expose the company to regulatory scrutiny.
Caliber Mining and Logistics Ltd Peer Comparison
Understand the company’s industry standing
Caliber Mining and Logistics Pvt Ltd
Power Mech Projects Limited
NCC Limited
Face Value
10
10
2
Standalone / Consolidated
Consolidated
Consolidated
Consolidated
Total Income Rs. Cr.
1677.66
6061.57
20823
EPS-Basis
29.47
115.12
10.76
EPS-Diluted
29.47
115.12
10.76
NAV Per Share
120.85
818.9
127.88
P/E-Basic EPS
---
22.94
13.59
P/E-Diluted EPS
---
22.94
13.59
RONW(%)
24.38
15.9
9.02
Latest NAV Period
---
---
---
Latest NAV
---
---
---
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The IPO opens on 17 Jul 2026 & closes on 21 Jul 2026.
Caliber Mining and Logistics Limited was incorporated as Caliber Mercantile Private Limited' a Private Limited Company pursuant to the Certificate of Incorporation issued by the Registrar of Companies, Maharashtra at Mumbai on July 3, 2014. The Company name was changed to Caliber Mining and Logistics Private Limited', issued by the RoC on July 29, 2024. Subsequently, the name was changed to Caliber Mining and Logistics Limited' and a fresh Certificate pursuant to such conversion was issued by the RoC on September 10, 2024.
The Company is principally engaged in the business of Over Burden (OB) and mineral extraction (coal, iron ore) mining along with handling logistic operations, loading and unloading services. It provide complete 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. The largest customers are mine owing subsidiaries of Coal India Limited (CIL), namely Western Coalfields Limited (WCL) and Northern Coalfields Limited (NCL).
Their mining and overburden removal operations are located in Maharashtra, Chhattisgarh and Madhya Pradesh. Company has been in logistics business since 2016 and has developed a one-stop logistics solution that focuses on coal loading, unloading and road transportation. It also began providing logistics solutions for iron ore customers in 2023. In cases where coal is to be delivered by rail, it assist customers by loading of coal onto rail rakes, and also offer coordination services to ensure meeting customer delivery schedules.
The Company launched the IPO by issuing 1,06,13,206 Equity shares having face value of Rs 10 each and raised Rs 450 crore on 21 July, 2026. The offer size comprised a fresh issue of 94,33,962 equity shares amounting to Rs 400 crore and the offer for sale of 11,79,244 equity shares amounting to Rs 500 crore.
Caliber Mining and Logistics Ltd IPO will close on 21 Jul 2026.
- End-to-end coal mining and logistics solution provider.
- Execution experience and operational efficiencies yielding opportunities for new L-1 orders.
- Growing share of business in mining industry and from Coal India subsidiaries backed by order book of Rs. 9,55,089.08 lakhs as at May 15, 2026.
- Proven track record of growth with financial performance.
- Industry experience and legacy led promoters supported by a management team and professionals.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Mohit Satishkumar Chadda | 18728188 | 33.48 | 18433377 | 28.2 |
| 2 | Anuj Krishanlal Chadda | 13182189 | 23.56 | 12887378 | 19.71 |
| 3 | Manish Krishnalal Chadda | 6385189 | 11.41 | 6090378 | 9.32 |
| 4 | Rahul Roshanlal Chadda | 10055189 | 17.97 | 9760378 | 14.93 |
| 5 | Priya Anuj Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 6 | Krishanlal Dogarram Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 7 | Sumanlata Krishnakumar Chadd | 120000 | 0.21 | 120000 | 0.18 |
| 8 | Sunita Honey Chachra | 120000 | 0.21 | 120000 | 0.18 |
| 9 | Arti Sethi | 120000 | 0.21 | 120000 | 0.18 |
| 10 | Roshanlal Dogarram Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 11 | Shivani Rahul Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 12 | Neelam Manish Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 13 | Anjana Satishkumar Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 14 | Kirti Mohit Chadda | 120000 | 0.21 | 120000 | 0.18 |
| 15 | Rachna Wadhwa | 120000 | 0.21 | 120000 | 0.18 |
| 16 | Sunita Kapila | 4166 | 0.01 | 4166 | 0.01 |
- The company's mining operations is subject to operating risks. Accidents and other operating risks including flooding, disruptions due to truck machinery and equipment failures and unavailability of diesel fuel and water which could result in decreased production or increased cost of production, which could adversely affect its business, results of operations and financial condition.
- The company derives a significant portion (90.11% in Fiscal 2026) of its revenue from operations from the company's top three customers, with its single largest customer, Northern Coalfields Limited, contributing 44.16% of the company's revenue from operations in Fiscal 2026. Loss of any of its top customers could adversely affect the company's business, results of operations and financial condition.
- The success of the company's logistics business depends on its ability to generate sufficient freight volumes of coal and iron ore and optimise revenue to achieve desired profit margins and avoid losses. Any failures on its part to achieve desired operating or net profit margins could have an adverse impact on the company's business, results of operations and financial condition.
- Increase in the cost of power and fuel and stores and spares used in the company's operations, or the inability to obtain the necessary power and fuel or a sufficient quantity of stores and spares, could increase its operating expenses, disrupt or delay the company's production and materially and adversely affect profitability.
- The company is dependent on the award of large-scale mining contracts (over Rs.100,000 lakhs) which represented 76.12% of its revenue from operations in Fiscal 2026 and may represent a significant part of the company's Order Book in the future, increasing the potential volatility of its results of operations and cash flows and exposure to individual contract risks. Further, the award of future mining services contracts is subject to uncertainty and the company's failure to win future awards could adversely impact its business, results of operations and financial condition.
- The company will not receive any proceeds from the Offer for Sale. The Selling Shareholders will receive the net proceeds from the Offer for Sale.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- The company's mining operations requires various approvals, licenses and permits which its mining customers must obtain or secure and any failures to obtain these approvals, licenses or permits in a timely manner may adversely impact on the company's business, results of operations and financial condition. The company is responsible for obtaining labour licenses and for approvals for the storage of diesel from the Indian Petroleum Explosive Safety Organisation (PESO). If its and the company's customers does not comply with all necessary licenses, permits and approvals required for its mining activities in a timely manner or at all the company's business results of operations and financial condition could be materially and adversely affected.
- Extensive governmental regulation relating to employee safety and health impose significant costs to the company's mining operations. A violation of health and safety requirements and the occurrence of accidents could disrupt its operations and increase operating costs as the company does not maintain insurance coverage against various potential risks associated with its operations, including any accidents or other hazards.
- Delay/ default in payment of statutory dues may attract penalties and in turn have an adverse impact on the company's financial condition.
- There are certain assessment notices issued against the Company pursuant to search operations carried out by the Income Tax authorities at the premises of the Company and its Promoters. The Company has filed replies to the notices received. There can be no assurance that the Income Tax Department will accept these replies filed by the Company and that there will be no additional tax liability imposed on the Company.
- The company failed to appoint a company secretary during the period from December 8, 2022 to July 29, 2024. Additionally, in the company's private placement of 20,83,333 Equity Shares on September 30, 2024, its does not open a separate bank account, and the company's utilised the proceeds from the issuance prior filing of PAS-3, in violation of Section 42 of the Companies Act, 2013. Its cannot assure you that such non-compliances will not occur in future or that no legal proceedings or regulatory actions will be initiated against the company for such noncompliances.
- The company's mining operations is 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 its business, results of operations and financial condition.
- The Company may not be successful in expansion into Odisha and Jharkhand which may adversely affect its business, results of operations and financial condition.
- The company operates in a competitive industry and may not be able to maintain its market position. Competitors in the company's peer group is both larger and smaller in size and scope of business, some are present in multiple sectors and its competitors may have better margins than the company and may perform better than its in terms of key financial ratios. If the company is unable to compete successfully with competitors in its peer group, the company's business, results of operations, cash flows may be adversely affected.
- The company is dependent on third party suppliers for lubricants, tyres, steel and other materials, as well as spare parts and other consumables. Any disruption to the timely and adequate supply of such materials, spare parts or consumables or volatility in their prices may adversely impact its business, results of operations and financial condition.
- The company is subject to various risks associated with the mining logistics industry and its may faces claims relating to loss or damage to the company's coal or iron ore cargos, personal injury claims or other operating risks that are not adequately insured.
- There are two outstanding criminal proceedings against the company's Promoters and one pre-litigation notice against its Company. Any adverse decision in such proceedings may render the company/them liable to liabilities/penalties and may adversely affect its business, results of operations and financial condition.
- The company's success largely depends upon the knowledge and experience of its Promoters, Directors, Key Managerial Personnel and Senior Management as well as the company's ability to attract and retain personnel with technical expertise. Its inability to retain the company's Directors, Key Managerial Personnel and Senior Management or its ability to attract and retain other personnel with technical expertise could adversely affect the company's business, results of operations and financial condition.
- The company may be subject to industrial unrest and increased employee costs, which may adversely affect its business and results of operations.
- The company has significant capital expenditure and working capital requirements and may requires additional financing to meet those requirements, which could have an adverse effect on its business, results of operations and financial condition.
- The company's inability to collect receivables in time or at all and default in payment from its customers could result in the reduction of the company's profits and affect its cash flows.
- The company has incurred indebtedness, and an inability to comply with repayment and other covenants in the company's financing agreements could adversely affect its business and financial condition. In Fiscal 2026 and in Fiscal 2025 and Fiscal 2024, the company has experienced a high debt to equity ratios of 1.63, 1.33 and 2.45, respectively.
- Any significant decline in the demand for the company's coal in the power industry in India due to increasing use of renewable energy sources or otherwise could have a material adverse effect on its business, results of operations and financial condition.
- Many of the company's key financial ratios have fluctuated from period to period and in some cases have declined in recent periods. A decline in the company's key financial ratios may indicate a decline in the performance of its results of operations and financial condition.
- The company has experienced negative cash flows in Fiscal 2025 and Fiscal 2024. Any negative cash flows in the future could adversely affect its business, results of operations and financial condition.
- Any downgrade in the company's credit ratings may increase interest rates for refinancing its outstanding debt, which would increase the company's financing costs, and adversely affect its future issuances of debt and the company's ability to raise new capital on a competitive basis.
- The company's contingent liabilities could materially and adversely affect its business, results of operations and financial condition.
- The company's operations is sensitive to seasonal changes and an abnormal rainy monsoon season could materially affect its business, results of operations and financial condition.
- Contracts awarded to the company by Western Coalfields Limited and Northern Coalfields Limited is standard form contracts and contain many terms that favour the counterparty and may be prejudicial to its rights under such contracts. The company's inability to exercise control over the terms of its arrangements with Western Coalfields Limited and Northern Coalfields Limited may adversely affect the company's results of operations.
- The company's mining contracts provide for a fixed rate based on its production of coal and the Company is exposed to increases in the cost of construction materials, fuel, and equipment other than for specified force majeure events which cannot be passed on. This may affect the company's margins and in turn its operations, financial condition and cash flows.
- The company's mining contracts may be terminated or penalties demanded upon the occurrence of certain events. Any termination of its mining contracts or demand for penalties by the company's customers could materially and adversely affect its business, results of operations and financial condition.
- The company may not has sufficient insurance coverage to cover its economic losses as well as certain other risks, not covered in the company's insurance policies, which could adversely affect business, results of operations and financial condition.
- The company's coal production from open cast mines involve is subject to extensive environmental and hazardous waste management laws and regulations in India, including the Environmental Protection Act, 1986. Under its mining contracts, compliance costs and capital expenditures related to these environmental requirements is the responsibility of the company's customers. Its may incur environmental liabilities in respect of the company's operations which are not covered by the terms of its mining contracts with the company's customers.
- The Company has experienced instances of delays in filing GST returns under the Goods and Services Act, 2017, as amended and other applicable laws. Any failures or delay in payment of such returns may expose its to potential financial and reputational risks and may adversely impact the company's business, results of operations, cash flows and financial condition.
- The company has a trademark application pending for its name and corporate logo. If the company is unable to protect its intellectual property rights, the company's business, results of operations and financial condition may be adversely affected. Its might infringe upon the intellectual property rights of others and any misappropriation of the company's intellectual property could harm its competitive position.
- Failures to maintain confidential information of the company's customers could adversely affect its reputation, business, results of operations and financial condition.
- Certain of the company's Directors and Promoter Shareholders has provided personal guarantees to lenders for certain loan facilities availed by its Company, which if invoked could adversely affect their ability to manage the company's affairs and which in turn may adversely impact its business, results of operations and financial condition.
- The company has issued Equity Shares during the preceding one year at prices below the Offer Price.
- After the completion of the Offer, the company's Promoters will continue to collectively hold substantial shareholding in the Company.
- The company's Promoters, Directors, Key Managerial Personnel and members of Senior Management are interested in the Company other than reimbursement of expenses or normal remuneration or benefits which may result in a conflict of interest with its. The company cannot assure you that its Promoters, Directors, Key Managerial Personnel and members of Senior Management will exercise their rights for the benefit, or in the best interests of the Company.
- Conflicts of interest may arise out of business ventures in which certain of the company's Promoters and certain Directors is interested by virtue of, inter alia, shareholding and partnerships. Such potential conflict of interests could adversely affect its business, results of operations, profitability, margins, cash flows and financial condition.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- The company's funding requirements and the proposed deployment of Net Proceeds from the Fresh Issue has not been appraised by any bank or financial institution or any other independent agency and its management will have broad discretion over the use of the Net Proceeds from the Fresh Issue.
- The Company proposes to utilize an amount of Rs. 16,700 lakhs for funding capital expenditure towards purchase of trucks, equipment and machinery, based on its current estimates. The company is yet to place orders for these capital expenditures. In the event of any delay in placement of such orders, the proposed schedule of implementation and deployment of the Net Proceeds may be extended or may vary.
- The company's Subsidiary may not pay cash dividends on shares that its hold in it. Consequently, the Company may not receive any return on investments in the company's Subsidiary.
- The company depends on key equipment and machinery to conduct its coal mining operations. Acquisition of mining equipment is capital intensive, and if such equipment is not utilized in a productive and efficient manner, the company may not realize the benefits its expect from such equipment and the company's business and results of operations may be adversely affected.
- The company outsources a portion of its coal logistics business to third party transportation and logistics service providers. Any failures on the part of these third parties to meet the company's customer's requirements could adversely affect its logistics business.
- The company is susceptible to risks relating to accidents due to human error, which can lead to injury or loss of human life and cause interruptions and disruptions to the company's mining and logistics operations. Moreover, misconduct or errors by manpower engaged by its could expose the company to business risks.
- Failures or disruption of the company's information technology and enterprise resource planning systems may adversely affect its business, results of operations and financial condition.
- The company's pursuit of joint ventures as consortium partners with third-parties on new coal mining services contracts exposes its to risks that could adversely affect the company's business, results of operation and financial condition.
- The company leases its Registered Office, branch office, and site offices for operations. If some of these leases are terminated or not renewed on favourable terms, or at all, its business, results of operations and financial conditions could be adversely affected.
- The company's inability to successfully implement some or all its business strategies in a timely manner or at all could have an adverse effect on the company's business.
- If the company does not continue to invest in new technologies and equipment, its machines and equipment may become obsolete and the company's production costs may increase relative to its competitors, which may have an adverse impact on the company's business, results of operations and financial condition.
- The company's associates may not pay cash dividends on shares that its hold in them. Consequently, the Company may not receive any return on investments in its associates.
- If the company is unable to establish and maintain an effective internal controls and compliance system, its business and reputation could be adversely affected.
- Information relating to the company's coal extraction production and overburden removal production included in this Red Herring Prospectus are based on various assumptions and estimates and future production may vary.
- Certain sections of this Red Herring Prospectus contain information from the CRISIL Report which the company's commissioned and purchased and any reliance on such information for making an investment decision in the Offer is subject to inherent risks.
- The company has in this Red Herring Prospectus included certain Non-GAAP Measures that may vary from any standard methodology that is applicable across the mining and logistics industries and may not be comparable with financial information of similar nomenclature computed and presented by other companies.
- The company has not obtained an independent valuation report in connection with the acquisition of equity shares of Caliber Natural Resources Private Limited and Caliber Mines and Minerals Private Limited from its Promoters, which may expose the company to regulatory scrutiny.
The Issue type of Caliber Mining and Logistics Ltd is Book Building.
The minimum application for shares of Caliber Mining and Logistics Ltd is 35.
The total shares issue of Caliber Mining and Logistics Ltd is 10613206.
Initial public offering of 1,06,13,206 equity shares of face value of Rs. 10/- each ("Equity Shares") of the company for cash at a price of Rs. 424 per equity share (Including a Premium of Rs. 414 per Equity Share) ("Offer Price") aggregating Rs. 450.00 Crores comprising of a fresh issue of 94,33,962 equity shares aggregating to Rs. 400.00 Crores by the company (The "Fresh Issue") and an offer for sale of 11,79,244 equity shares aggregating to Rs. 50.00 Crores comprising an offer for sale of 2,94,811 equity shares by Mohit Satishkumar Chadda aggregating to Rs. 12.5 Crores, 2,94,811 equity shares by Anuj Krishanlal Chadda aggregating to Rs. 12.5 Crores, 2,94,811 equity shares by Manish Krishanlal Chadda aggregating to Rs. 12.5 Crores and 294,811 equity shares by Rahul Roshanlal Chadda aggregating to Rs. 12.5 Crores (The "Promoter Selling Shareholders", and such Equity Shares Offered by The Promoter Selling Shareholders, The "Offered Shares") (Such Offer for Sale by the Promoter Selling Shareholders, the "Offer for Sale" and Together with the Fresh Issue, The "Offer"). The offer constitutes 16.23% of the post-offer paid up equity share capital of the company. The company has completed pre-ipo placements for a price of Rs. 424 per equity share.
The company may, in consultation with the brlm, consider a further issue of specified securities for cash consideration aggregating up to Rs. 100.00 crores. The price of the specified securities allotted pursuant to the pre-ipo placement shall be determined by its company, in consultation with the book running lead manager ("brlm"). Prior to the completion of the offer and if the pre-ipo placement is undertaken, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that its company may proceed with the offer or the offer may be successful and will result in listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken). If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b) of the securities contracts (Regulation) Rules, 1957, as amended (The "scrr"). the pre-ipo placement shall not exceed 20 % of the size of the fresh issue.
Price Band: Rs. 424 per equity share of face value of Rs. 10 each.
The floor price is 42.40 times the face value of the equity shares.
Bids can be made for a minimum of 35 equity shares of face value of Rs. 10 each and in multiples of 35 equity shares of face value of Rs. 10 each thereafter.