To raise Rs 600 crore through IPO, documents draft papers with SEBI

Maharashtra-based totally caliber Mining and Logistics, that's sponsored by means of sunil Singhania's Abakkus Asset Managers, plans to faucet capital marketplace for Rs six hundred crore fund elevating as it has filed initial papers with SEBI for preliminary public providing (IPO).

The IPO incorporates of clean issuance of stocks really worth Rs 500 crore, and a suggestion-for-sale of Rs one hundred crore really worth stocks by promoters, as in step with the draft papers filed on december 30.

further, it is able to consider elevating Rs one hundred crore in the pre-IPO round. If it manages to complete the stated pre-IPO placement, the sparkling difficulty length gets decreased to the volume of such amount.

Promoters, the Chadda own family, personal ninety four.ninety one percent shareholding in the quality Mining, and the last five.09 percentage stake is held via public shareholders which includes 3.89 percent stake of Abakkus Four2eight opportunities Fund, the category II alternative investment Fund.

The coal mining and logistics provider that competes with listed friends like energy Mech initiatives, NCC, sindhu change hyperlinks, and dilip Buildcon has raised Rs 62 crore thru private placement of 25,eighty three,333 equity shares at a charge of Rs 240 per percentage in September-October this 12 months. Out of which Rs 50 crore have been provided by using Abakkus for 20,eighty three,333 equity shares.

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caliber Mining and Logistics gives coal extraction, overburden removal, coal loading and unloading, avenue transportation and coordination of rail transportation offerings, with mining and overburden removal operations positioned in Maharashtra, chhattisgarh and Madhya Pradesh. Its biggest customers are mine owing subsidiaries of state-owned Coal india - Western Coalfields, and northern Coalfields.

in the contractual mining market, in terms of cost, it had a market percentage of much less than 1 percent inside the fiscal 2020, which increased to a few.five percent within the fiscal 2024.

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The corporation is making plans to apply Rs one hundred seventy five crore out of sparkling problem proceeds for repaying debt (in opposition to the total excellent borrowings of Rs 767.sixty five crore until october 2024); Rs two hundred crore for buy of equipment; and the remainder price range for popular company purposes.

It has a fleet data-size of 1,473 (together with one hundred leased vehicles, equipment and machines) cars, comprising of 600 tippers, forty six loaders, ninety six excavator, 447 tip trailers.

Coal mining offerings contributed 69.4 percentage to its sales in the financial 2024, and logistics section accounted for 27.87 percent to topline. income inside the 12 months ended march 2024 grew by means of 2 percent to Rs ninety five.1 crore in comparison to Rs ninety three.2 crore within the previous monetary no matter sturdy topline, impacted in part with the aid of sharp boom in electricity & fuel, personnel and different charges. sales at some stage in the financial 2024 at Rs 953 crore accelerated with the aid of forty five.5 percent as compared to Rs 655 crore in the economic 2023.

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caliber Mining has an order book of Rs 5,084.7 crore (inclusive of strengthen work orders) as of october 2024, of which 96.60 percent comprised coal mining offerings and overburden elimination offerings, and the last three.40 percent comprised logistics offerings contracts and work orders.

DAM capital Advisors is the sole book going for walks lead manager dealing with the public difficulty.