Caliber Mining and Logistics provides mining support services focused on tasks such as coal extraction, overburden removal and logistics. Its operations are concentrated in Maharashtra, Chhattisgarh and Madhya Pradesh. The company primarily serves subsidiaries of Coal India, notably Western Coalfields and Northern Coalfields, creating client concentration risk tied to state-run contracts. Caliber is capital-intensive, operating heavy machinery with significant maintenance and operating costs, and it plans to purchase additional machinery with IPO proceeds. The company raised ₹100 crore in a pre-IPO at ₹424 per share valuing it at about ₹2,772 crore and is preparing a ₹600 crore IPO (₹500 crore fresh issue and ₹100 crore offer-for-sale) after receiving SEBI approval in May 2025. Its financial position and growth prospects will be sensitive to debt reduction outcomes, commodity price cycles and regulatory developments in the mining sector.

Total raised

$11M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2026