Nilachal Carbo IPO Details
The key details of Nilachal Carbo Metalicks’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹56.10 Cr |
| Price Range | ₹85 |
| Retail Quota | 50% |
| QIB Quota | -- |
| NII Quota | 50% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 3,200 |
| Investment (cut-off price) | ₹2,72,000 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | 73.52% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Nilachal Carbo IPO Timelines
The IPO process for Nilachal Carbo Metalicks includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
08/09/2025
Start Date11/09/2025
End Date15/09/2025
Refund Initiation15/09/2025
Credit of Shares to Demat Ac16/09/2025
Listing DateNilachal Carbo IPO Lot Size
The Nilachal Carbo Metalicks IPO has a fixed lot size of 1,600 shares, at a fixed price band of ₹85 per share. For retail investors, the minimum and maximum application is 3,200 shares (2 lots) amounting to ₹2,72,000. For HNI investors, the minimum application is 4,800 shares (3 lots) worth ₹4,08,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 3200 | ₹2,72,000 |
| Retail Maximum | 2 | 3200 | ₹2,72,000 |
| HNI Minimum | 3 | 4800 | ₹4,08,000 |
Nilachal Carbo IPO Subscription Status
The subscription status for Nilachal Carbo Metalicks IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| -- | 4.56x | 5.55x | -- | 5.06x |
IPO Performance on Listing Day
On the listing day (September 16, 2025), Nilachal Carbo Metalicks made a weak debut on the stock exchange. The stock opened at ₹68, representing a significant discount of 20% to its issue price of ₹85. However, the carbon and metallics company showed some recovery during the trading session, reaching a day high of ₹71.40, while touching a low of ₹64.60 amid volatile trading. The shares concluded their first trading day at ₹71.40, which also marked the day’s high, but still resulted in a decline of 16% from the issue price, indicating negative investor sentiment toward the specialty metals sector despite the intraday recovery.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹68.00 | ₹71.40 | ₹71.40 | ₹64.60 |
Nilachal Carbo IPO Company Financials
Nilachal Carbo Metalicks reports robust performance in FY2025 with Total Income of ₹202.79 crores, managing expenses at ₹184.03 crores, and achieving a strong PAT (Profit After Tax) of ₹14.02 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹268.46 | ₹253.77 | ₹14.82 |
| FY 2024 | ₹267.13 | ₹250.70 | ₹15.82 |
| FY 2025 | ₹202.79 | ₹184.03 | ₹14.02 |
About Company
Nilachal Carbo Metalicks Limited, incorporated in 2003, is engaged in the production of high-quality, low-sulfur metallurgical coke. The company operates a modern facility in Chadheidhara, Jajpur, Odisha, featuring three non-recovery bee hive type coke oven batteries with an annual production capacity of 60,000 metric tons. To support growing demand, Nilachal plans to expand its operations by adding a new battery with 36 ovens at its Baramana, Jajpur plant. This will increase its LAM Coke capacity by 34,400 metric tons per annum, bringing the total to 94,400 metric tons, or 1,12,400 metric tons including leased capacity. As of July 5, 2025, the company employs 65 people.
The company’s product portfolio includes a range of Low Ash Metallurgical Coke types tailored for various industrial applications. Foundry grade coke is used as a fuel and reducing agent for melting metals like iron, ensuring consistent heat and minimal impurities. Ferro alloys grade LAM Coke, also known as nut coke, is essential in alloy production due to its low ash, low phosphorus, and high efficiency in furnaces. Blast furnace grade coke offers high carbon content and durability, supporting stable and efficient iron production. Additionally, Nilachal produces coke fines with high carbon and low phosphorus content, which are widely used in iron ore pelletizing, sintering, and steel melting processes, especially by nearby steel plants.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2003 | Mining & Mineral products | Bibhu Datta Panda |
Know Before Investing
Nilachal Carbo IPO Strengths
- Facilities located near Paradip Port, Odisha, and Vizag Port, Andhra Pradesh offer strong logistical advantages for inbound raw materials and outbound deliveries to key customers.
- Utilizes a mix of owned, leased, and contract manufacturing tie-ups to optimize production, scalability, and cost efficiency, meeting diverse client demands effectively.
- Ongoing projects will boost annual manufacturing capacity from 78,000 MTPA to 112,400 MTPA, ensuring ability to scale and meet rising customer orders.
- Manufactures various grades of metallurgical coke (LAM coke, nut coke, blast furnace coke, coke fines), catering to steel, ferro-alloy, foundry, and blast furnace applications.
- Long-term, repeat business with top ferrochrome manufacturers and iron ore pellet makers demonstrates high customer confidence and market reputation.
- Innovations like coke fines are in demand among iron pellet, sinter, and steel producers, supporting improved sales and utilization rates.
Nilachal Carbo IPO Risks
- The company saw a notable decline in revenue in FY2025, reflecting exposure to cyclical trends in the coke manufacturing and steel industries.
- Operations are working capital-intensive; any challenges in securing funds or generating enough operating cash flow may impact business continuity and growth.
- Supply chain disruptions or sharp volatility in coal, coke, or other input prices can materially impact profitability and ability to meet customer demand.
- The business depends on a limited number of manufacturing units, making operations vulnerable to underutilization, slowdowns, or temporary shutdowns due to accidents or technical issues.
- Significant dependence on a few large clients, especially from steel and ferro-alloy sectors, amplifies business risk if contracts are lost or customer needs shift.
- Planned capacity upgrades and modernization depend on effective execution; any delays or cost overruns could impact financial performance.
- As with many expanding industrial firms, evolving governance and compliance standards could increase costs and operational complexities.
Swot Analysis for Nilachal Carbo IPO
Strengths
State-of-the-Art Manufacturing, Long-Term Industry Relationships, Improving Operational Metrics
Weaknesses
High Working Capital Needs, Limited Geographic Diversification, Recent Decline in Sales and Profits
Opportunities
Rising Steel Demand, Eco-Friendly Product Innovation, Diversification to Allied Minerals
Threats
Raw Material Price Fluctuations, Stringent Regulations, Execution Risks in Expansion
Company Details
Nilachal Carbo Metalicks Ltd.
N/4 – 158 IRC Village, Bhubaneswar – 751015, Odisha, India
Phone: 06742551375
Email: secretarial@nilachalcoke.com
Website: https://nilachalcoke.com/
IPO Registar Details
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ncml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
FAQs
The key objectives of Nilachal Carbo SME IPO are:
- Funding Capital expenditure for installing One Coke Oven Plant for expansion of capacity.
- Funding modernization of existing plant
- General corporate purposes
Sun Capital Advisory Services Pvt. Ltd. is the book-running lead managers for the Nilachal Carbo IPO.
Nilachal Carbo IPO offers meaningful long-term growth potential as production capacity expands from 60,000 to 94,000 metric tonnes annually. Backed by modernization and capex-driven expansion, the company is positioned to benefit from strong industrial materials demand, though medium-term performance hinges on successful execution of upcoming facility ramp-ups.
The issue price for the Nilachal Carbo IPO is set to ₹85 per share.
To invest in two lot of Nilachal Carbo IPO, you need ₹2,72,000 at the fixed price band (₹85 per share) for a lot size of 3200 shares.
Nilachal Carbo IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on September 16, 2025.
Refund/unblocking of funds for Nilachal Carbo IPO will begin on September 15, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Nilachal Carbo IPO shares on listing day (September 16, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.