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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
Lot: 2000 shares (₹848,000)
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
8/10
The company trades at 0.77× sector midpoint with strong 32.6% revenue CAGR and 28.3% PAT CAGR, supported by a 25.69% EBITDA margin. Primary risk is D/E of 1.63× and modest 9.4% NPM, which limits margin expansion headroom despite operational scale.
Listing Performance
Issue Price
₹424
Allotment price
Listing Price
₹504
+18.87% on listing day
Current Price (CMP)
₹475.1
+12.1% vs issue
Listed On
24 Jul 2026
BSE & NSE
Our Analysis — Key Points
✓ Strength
Strong revenue and profit growth trajectory
Revenue grew from ₹957.9 Cr (FY-2) to ₹1,684.7 Cr (FY0), a 32.6% CAGR over two years, while PAT expanded 28.3% CAGR to ₹157.9 Cr. This consistent double-digit growth in both top and bottom lines demonstrates operational momentum in the commercial services and logistics segment.
✓ Strength
Valuation discount to sector norms
At 17.6× P/E, the company trades at 0.77× the niche/unlisted sector midpoint of 23×, placing it in the Subscribe zone. The 1.7× P/S ratio is also reasonable for a logistics-adjacent business with ₹1,677.66 Cr in revenue, suggesting fair entry pricing.
⚠ Risk
Elevated leverage limits financial flexibility
D/E ratio of 1.63× is above the 1.5× comfort threshold and sits in the Neutral-to-caution zone. While 208 Cr of the IPO proceeds target debt repayment, post-issue leverage will remain material, constraining dividend capacity and refinancing flexibility in a rising rate environment.
⚠ Risk
Thin net profit margin constrains valuation upside
NPM of 9.4% is well below the 15% threshold that would justify premium valuations, despite a healthy 25.69% EBITDA margin. This suggests operational leverage is being consumed by finance costs or working capital intensity, limiting margin expansion potential.
₹ Valuation
Fair valuation with growth premium justified
P/E of 17.6× at 0.77× sector midpoint (18–28× range) sits comfortably in Subscribe territory. The 32.6% revenue CAGR and 28.3% PAT CAGR support this multiple, though the 9.4% NPM prevents a higher conviction rating.
👁 Watch
Monitor debt reduction and margin trajectory
Track quarterly D/E movement post-IPO and whether the 208 Cr debt repayment translates to lower finance costs and NPM expansion. If leverage remains sticky above 1.5× and margins stall below 10%, the valuation multiple may compress on exit.
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 32.6% revenue CAGR and 28.3% PAT CAGR, supported by a 25.69% EBITDA margin. Primary risk is D/E of 1.63× and modest 9.4% NPM, which limits margin expansion headroom despite operational scale.
GMP data is not yet available for this IPO. Check our GMP Live page for the latest updates closer to the listing date.
The minimum lot size is 2000 shares. At the upper band price of ₹424, the minimum investment per retail application is ₹848,000. You can apply for up to 13 lots (₹11,024,000) under the retail category (up to ₹2 lakh).
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 ₹475.1 (+12.1% vs issue).
Our analysis recommends <strong>Subscribe</strong>. The fundamentals support applying before the issue closes on 21 Jul 2026. The minimum investment is ₹848,000 for one lot (2000 shares). The company trades at 0.77× sector midpoint with strong 32.6% revenue CAGR and 28.3% PAT CAGR, supported by a 25.69% EBITDA margin. Primary risk is D/E of 1.63× and modest 9.4% NPM, which limits margin expansion headroom despite operational scale.
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 minimum lot is 2000 shares at ₹424 each, costing ₹848,000 per application. 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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