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Listed
Commercial Services & Supplies
Caliber Mining & Logistics Limited IPO
₹450 Cr · Fresh Issue & OFS · Commercial Services & Supplies
Price Band
₹402 – ₹424
GMP (Grey Market)
—
No GMP data yet
Issue Size
₹450 Cr
Fresh Issue & OFS
Market Cap
₹2771.93 Cr
At upper band
P/E Ratio
17.6x
P/S: 1.7x
Listing Date
24 Jul 2026
BSE & NSE
IPO Timeline
✓
Opens
17 Jul 2026
✓
Closes
21 Jul 2026
✓
Allotment
22 Jul 2026
✓
Refund
23 Jul 2026
✓
Listing
24 Jul 2026
IPO India Hub: Subscribe
Conviction
7/10
The company trades at 0.77× sector midpoint with strong revenue growth of 32.6% CAGR and an EBITDA margin of 25.69%, indicating operational efficiency. Key risk is elevated leverage at 1.63× D/E, though 51.6% of IPO proceeds are earmarked for debt reduction.
Listing Performance
Issue Price
₹424
Allotment price
Listing Price
₹504
+18.87% on listing day
Current Price (CMP)
₹527.45
+24.4% vs issue
Listed On
24 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Valuation below sector midpoint
At 17.6× P/E, the company is priced at 0.77× the niche/unlisted sector midpoint of 23×, placing it in the Subscribe-eligible range. This discount reflects fair entry pricing for a profitable, growing business in the commercial services space.
✓ Strength
Strong revenue and profit growth
Revenue CAGR of 32.6% and PAT CAGR of 28.3% over two years demonstrate consistent operational scaling. The latest FY revenue of ₹1,677.66 Cr with net profit of ₹157.90 Cr shows the company is executing well in a growing logistics and mining services market.
✓ Strength
High operational leverage and ROCE
EBITDA margin of 25.69% is strong for the commercial services sector, and ROCE of 16.6% indicates efficient capital deployment. These metrics suggest the business model generates healthy cash returns on invested capital.
⚠ Risk
Elevated debt-to-equity ratio
D/E of 1.63× is above the 1.5 comfort threshold and indicates material leverage. While 51.6% of IPO proceeds (₹208 Cr of ₹402.85 Cr) are allocated to debt repayment, execution risk remains if capital expenditure or working capital needs exceed expectations.
⚠ Risk
Modest net profit margin
NPM of 9.4% is below the 15% threshold that would justify a premium valuation. This means the company converts only 9.4 paise of every rupee of revenue to net profit, limiting margin expansion headroom if input costs or competition intensify.
₹ Valuation
Fair valuation with growth support
P/E of 17.6× is 0.77× the sector midpoint, and P/S of 1.7× is reasonable for a 32.6% revenue-growth business. The valuation is supported by strong CAGR and profitability, though NPM of 9.4% means the company is not a margin outlier.
👁 Watch
Debt reduction execution post-listing
Monitor whether the company deploys the ₹208 Cr debt repayment proceeds on schedule and achieves the targeted D/E reduction. Delays or capital reallocation away from deleveraging would signal execution risk and pressure the stock.
Top Analyst Reviews
| Analyst / Firm | Rating | Known For | Review |
|---|---|---|---|
| IPO India Hub Our independent review |
Original analysis based on DRHP & public financials | This page | |
| Dilip Davda Chittorgarh.com |
India's most followed independent IPO analyst | Search on Chittorgarh → | |
| Capital Market (CM Rating) CapitalMarket.com |
Widely-cited "New Issue Monitor" reports | Search on CapitalMarket → | |
| ICICI Securities ICICIdirect Research |
SEBI-registered broker research desk | Visit ICICIdirect → | |
| IPO Guru Analyst Leaderboard ipoguru.in |
Ranks 49 analysts by real IPO outcome accuracy | View leaderboard → |
External links go to each platform's IPO section — search for "Caliber Mining & Logistics Limited" to find the specific review. IPO India Hub does not represent the accuracy of third-party ratings.
Company Snapshot
Revenue
₹1677.66 Cr
Net Profit
₹157.90 Cr
Industry
Commercial Services & Supplies
Issue Type
Fresh Issue & OFS
Promoters
MOHIT SATISHKUMAR CHADDA, ANUJ KRISHANLAL CHADDA, MANISH KRISHANLAL CHADDA, RAHUL ROSHANLAL CHADDA AND PRIYA ANUJ CHADDA
Lead Managers
DAM Capital Advisors
Quick Actions
Frequently Asked Questions
Subscribe. The company trades at 0.77× sector midpoint with strong revenue growth of 32.6% CAGR and an EBITDA margin of 25.69%, indicating operational efficiency. Key risk is elevated leverage at 1.63× D/E, though 51.6% of IPO proceeds are earmarked for debt reduction.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
Lot size details will be updated when the DRHP is filed. The price band is ₹402 – ₹424.
The IPO opens on 17 Jul 2026. It closes on 21 Jul 2026. Allotment is expected on 22 Jul 2026. Refunds initiate on 23 Jul 2026. Listing on BSE and NSE is on 24 Jul 2026.
The lead managers for the IPO are DAM Capital Advisors. Check the SEBI filing for the registrar details.
The IPO listed on 24 Jul 2026 at ₹504 against an issue price of ₹424 (+18.87% on listing day). The current market price (CMP) is approximately ₹527.45 (+24.4% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 21 Jul 2026. The company trades at 0.77× sector midpoint with strong revenue growth of 32.6% CAGR and an EBITDA margin of 25.69%, indicating operational efficiency. Key risk is elevated leverage at 1.63× D/E, though 51.6% of IPO proceeds are earmarked for debt reduction.
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 21 Jul 2026. The IPO is priced at a P/E of 17.6x. Market cap at issue price is ₹2771.93 Cr. As with all IPOs, please read the DRHP and assess your own risk tolerance before investing.
You can apply via UPI through your broker's trading app (Zerodha, Upstox, Fyers, etc.) or via ASBA through your net banking portal. The issue closes on 21 Jul 2026, so apply before that date. Step 1: Log in to your broker or bank app. Step 2: Go to IPO section and search for 'Caliber Mining & Logistics Limited'. Step 3: Enter the number of lots and UPI ID. Step 4: Accept the mandate on your UPI app.
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