Nilachal Carbo Metalicks IPO: Price, GMP, Analysis, And Details

Nilachal Carbo Metalicks IPO- Company Analysis 

Nilachal Carbo Metalicks IPO under the SME IPO category is a fixed price issue of Rs. 56.10 Cr by Nilachal Carbo Metalicks Ltd, which was incorporated in 2003, and produces premium, low-sulfur metallurgical coke.

Their product line, which serves a variety of industrial uses, includes low-phosphorus coke fines, blast furnace coke, foundry coke, and nut coke.

With three non-recovery, beehive-type coke oven batteries and a production capacity of 60,000 metric tons per annum (MTPA), the company runs a state-of-the-art facility in Chadheidhara, Jajpur, Odisha.

In order to increase its LAM Coke capacity by 34,400 MTPA and reach 94,400 MTPA (1,12,400 MTPA including leased capacity), the business intends to install a battery with 36 ovens at its Baramana, Jajpur plant.

 

Portfolio of Products:

Foundry Grade Coke

Coke Fines

Ferro Alloys Grade LAM Coke

Blast Furnace Grade Coke

 

Nilachal Carbo Metalicks IPO Details

The Nilachal Carbo Metalicks IPO date is on 08 September 2025, and its initial public offering will end on 10 Sep with IPO allotment on Sep 11, and refund initiation on Sep 12, 2025.

The Rs. 56.10 crore new SME IPO comprises a combination of fresh issue of 0.26 crore shares (Rs. 22.10 Cr) and an offer for sale (OFS) of 0.40 crore shares (Rs. 34 Cr).

The Nilachal Carbo Metalicks IPO listing date (expected) might be on Monday, Sep 15, 2025, and listing at the BSE and SME. 

The Nilachal Carbo Metalicks IPO price band is Rs. 85.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Sep 08, 2025
IPO Closing Date	Sep 10, 2025
IPO Allotment Date	Sep 11, 2025
Refund Initiation	Sep 12, 2025
IPO Listing Date	Sep 15, 2025

 

Click to open demat account and apply for the IPO.

 

 

Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	123.34	114.49	93.22
Total Revenue	202.79	267.13	268.46
PAT	14.02	15.82	14.82
Net Worth	78.30	64.28	48.46
Reserves & Surplus	55.97	41.95	26.14
Borrowings	23.55	26.14	18.84

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	270.61	20.48	(1,620.68)
Net Cash Flow Investing Activities	117.45	(901.60)	(403.38)
Net Cash Flow Financing Activities	(699.16)	244.35	467.53

Revenue Bifurcation

Sales-wise Revenue Breakdown

State-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Funding Capital expenditure for installing one Coke Oven Plant for the expansion of capacity. ~ Rs. 134.6 Mn.

• Finance the upgrade of the current plant. ~ Rs. 30.33 Mn.

• General Corporate Purposes. 

 

Listed Peers of Nilachal Carbo Metalicks Ltd. 

Company Name	Face Value (Rs. per Share)	EPS (Rs.)	P/E (x)
Stratmont Industries Limited	10	0.36	68.85

 

Valuation

Metric	Value
ROCE	22.74%
RoE	17.90%
Debt/Equity	0.30
PAT Margin	6.96%
EBITDA Margin	13.46%
RoNW	17.90%

 

 

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 6.28 from the last year, the resulting P/E ratio is 13.54x. When compared with the industry’s average P/E of 263.75x, it indicates an undervaluation (on a P/E ratio basis only). Hence, the price of the Share seems fairly priced for the investors.

Explore the Vigor Plast IPO.

IPO's Strengths 

• The placement of manufacturing facilities strategically

• Excellent Production of High-Quality LAM Coke

• Experienced Promoter and Management Team

• Product-Based Customer Base

• Own Fleet for JIT Delivery.

 

IPO’s Weaknesses 

• Market competition

• Limited diversification

• High capital investment

• Reliance on imported raw materials.

• Price fluctuations for raw materials.
  
  

Nilachal Carbo Metalicks IPO GMP (Grey Market Premium)

Nilachal Carbo Metalicks IPO GMP today is Rs. 0, as of 05 Sep 2025 at the time of writing this information.

Nilachal Carbo Metalicks IPO Summary

The Nilachal Carbo IPO has a market maker portion size of 3,31,200 Shares (Rs. 2.82 Cr).

IPO Opening & Closing Date	08 Sep, 2025 to 10 Sep, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 85 per Share.
Lot Size	1600 Shares
Issue Size	66,00,000 Shares (Rs. 56.10 Cr)
Offer for Sale	40,00,000 Shares (Rs. 34 Cr)
Fresh Issue	22,68,800 Shares (Rs. 19.28 Cr)
Listing at	BSE, SME
Issue Type	Fixed Price IPO
Registrar	Kfin Technologies Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (3200 Shares) for Rs. 2,72,000 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (4800 Shares) for Rs. 4,08,000.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

 

 

Nilachal Carbo Metalicks IPO Allotment Status

To check the Nilachal Carbo Metalicks IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using BSE Website - ​BSE IPO allotment status

Promoters And Management of Nilachal Carbo Metalicks Ltd.

• Mr. Bibhu Datta Panda

• Kajal Fashionwear Agency Private Limited.

Pre-Issue Promoter Shareholding	99.99%
Post-Issue Promoter Shareholding	73.52%

 

IPO Lead Managers

• Sun Capital Advisory Services Pvt. Ltd. 

 

Dividend Policy

The company has not declared a dividend during the last three years.

Conclusion

Investors can learn more about a specialized metallurgical coke maker with good growth prospects and reasonable pricing through Nilachal Carbo Metalicks IPO. Its broad product line, strong management, and capacity development have put it in a strong position to meet future demand. However, risks like insufficient diversity and volatile raw material costs must be taken into account.                                                                           

 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.