Caliber Mining and Logistics Limited IPO
Listed
146.41×
Subscribed
Price band
₹424 – ₹424
Open – close
17 Jul 2026
to 21 Jul 2026
Listing
24 Jul 2026
Listing gain
+17.98%
What the filing actually says
Our read of the offer document and the exchange data — not the issuer's summary of itself
Mixed3 of 7 dimensions read
A mixed but reasonable offering — 1 positive against 0 negative signals
Strength61/100
- Meaningful leverageDebt/equity of 1.63×
- Proceeds mostly repay debt₹2,080 Cr of the ₹4,000 Cr raised repays borrowings — deleveraging rather than expansion
- Institutions bid heavilyQIB portion subscribed 240.71×
Every line above is arithmetic on a figure shown elsewhere on this page - no model, no opinion. It describes the quality of the offering as disclosed, and is pulled toward neutral to reflect how much the document leaves unsaid. It is not a prediction of the listing price, and it is not advice to apply.
Dates
The issuer's tentative timetable — a date passing is not confirmation the step completed
- Opens17 Jul 2026
- Closes21 Jul 2026
- Listing24 Jul 2026
Demand and your odds
How the book filled, and what that means for an application
Subscription by category
Qualified institutionalQIB240.71x
Non-institutionalNII / HNI267.23x
Retail individualRII40.75x
Chance of allotment
Retail40.75× subscribed
~1 in 40.8
Retail is 40.75× subscribed. Allotment is a lottery on a single lot, so roughly 1 in 40.8 applications gets one lot. Bidding for extra lots does not improve these odds.
HNI / NII267.23× subscribed
~1 in 267.2
HNI is 267.23× subscribed. This category is allotted proportionately, so a bid receives roughly 1/267.2 of the shares applied for, subject to the minimum-lot draw.
Derived from SEBI's allotment mechanics and the subscription figures beside it. Retail allotment is a lottery on a single lot, so applying for more lots does not improve your chance of getting something.
The offering
Terms, structure and who is selling
Terms
Price band₹424 – ₹424
Fresh issue₹4k Cr
Offer for sale₹500 Cr
Company & valuation
Debt / equity1.63×
11.1% of this issue is an offer for sale. The rest is fresh capital that goes into the company itself.
What the money is for
Stated use of the net proceeds
- 01Repayment/ prepayment, in full or part, of certain borrowings availed by the Company₹2.08k Cr
- 02Funding capital expenditure for purchase of commercial vehicles, plant and machinery₹1.67k Cr
- 03General corporate purposesnot stated
Objects with no stated amount — typically general corporate purposes — are funded from whatever remains, so the quantified figures do not sum to the whole issue.
Risks worth reading
Ranked by our severity assessment, not by the order the prospectus prints them
mediumOur mining operations are subject to operating risks such as accidents, flooding, machinery and equipment failures, and unavailability of diesel fuel and water, which could result in decreased production or increased cost of production.
mediumWe are not the owners of the mines and extract coal and remove overburden pursuant to mining contracts with our customers, making our operations subject to the operating conditions and events beyond our control.
mediumOur business operations are subject to risks such as accidents due to human error, which can lead to injury or loss of human life and cause interruptions and disruptions to our mining and logistics operations.
mediumA violation of health and safety laws or failure to comply with the requirements of the relevant health and safety authorities could lead to a temporary shutdown of all, or a portion of, our mines or processing facilities and the imposition of costly compliance procedures.
Positives the filing discloses (1)
Primarily fresh capital
89% of the offer is fresh issue, so most proceeds fund the company.
What happened to comparable issues
The last 8 issues to list with a recorded opening price, most comparable first
Median listing gain
+23.2%
Listed up
8 of 8
Best
+90.0%
Millworks Technologies
Worst
3.0%
Happy Steels
Sotefin Bharatsame segment
3.8× sub+9.6%
Millworks Technologiessame segment
192.7× sub+90.0%
SBI Funds Management Limitedsame segment
41.6× sub+6.8%
Devson Catalystsame segment
203.7× sub+66.2%
Happy Steelssame segment
72.0× sub+3.0%
Kusumgar Limitedsame segment
127.9× sub+35.8%
IC Electricalssame segment
378.6× sub+67.7%
Knack Packaging Limitedsame segment
83.0× sub+10.6%
Past issues are context, not a forecast — this issue is a different company at a different price. We show it because "how have issues like this one actually opened" is a question with a real answer, and grey-market premium is not that answer.
Offer documents
The primary sources everything above is drawn from
Common questions
How many times is the Caliber Mining and Logistics Limited IPO subscribed?
Caliber Mining and Logistics Limited is subscribed 146.41× overall (QIB 240.71×, NII 267.23×, retail 40.75×). Subscription keeps changing until the issue closes; the final basis of allotment is published by the registrar.
What are the chances of allotment in the Caliber Mining and Logistics Limited IPO?
The retail portion is subscribed 40.75×, so allotment is by lottery and the odds of receiving at least one lot are roughly 1 in 41. Applying for more lots does not improve the chance of getting something — every retail applicant competes for the same single minimum lot.
Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey-market premium is unofficial and is not a forecast. Nothing here is investment advice or a recommendation — read the offer document and consult a SEBI-registered adviser before applying.