Nilachal Carbo IPO Review, Details, Date, Price, GMP, Allotment
The SME (Small and Medium-sized Enterprise) segment of the Indian stock market has been very active, and the latest company to launch its IPO is Nilachal Carbo Metalicks Limited. This public offering is garnering significant interest from investors looking for opportunities in the industrial sector. This blog post provides a detailed review of the Nilachal Carbo IPO, covering its business model, IPO specifics, financial performance, and key factors to consider before investing.
About Nilachal Carbo Metalicks Limited
Incorporated in 2003, Nilachal Carbo Metalicks Limited is an Odisha-based company specializing in the manufacturing of Low Ash Metallurgical (LAM) Coke. This product is a crucial raw material for various industries, including steel, foundry, and particularly the ferro-alloys sector. The company has established a strong presence in the eastern part of India and claims to be a preferred supplier to major ferro-chrome manufacturers. With a combined manufacturing capacity (owned and leased) of 78,000 MTPA and an additional contract manufacturing capacity, Nilachal Carbo is a key player in its niche market. The company also generates revenue from byproducts like low-phosphorus coke fines, which are used in iron ore pellet production.
Nilachal Carbo IPO Details
The IPO is a fixed-price issue with a total size of ₹56.10 crore. The issue is a combination of a fresh issue and an Offer for Sale (OFS). The fresh issue of 26 lakh shares will raise capital for the company's expansion plans, while the OFS of 40 lakh shares will allow existing promoters to sell a portion of their stake.
- Issue Size: ₹56.10 crore
- Fresh Issue: ₹22.10 crore (26 lakh shares)
- Offer for Sale (OFS): ₹34.00 crore (40 lakh shares)
- Face Value: ₹10 per equity share
- Listing: BSE SME
Objectives of the IPO
The company plans to utilize the net proceeds from the fresh issue for the following purposes:
- Funding capital expenditure for installing a new coke oven plant to expand capacity.
- Modernizing its existing plant.
- General corporate purposes.
Nilachal Carbo IPO Dates and Price
The IPO opened for subscription on September 8, 2025, and will close on September 11, 2025. Here are the other important dates and pricing details:
Key Dates
| IPO Activity | Date |
|---|---|
| IPO Open Date | September 8, 2025 |
| IPO Close Date | September 11, 2025 |
| Basis of Allotment Finalization | September 12, 2025 |
| Initiation of Refunds | September 15, 2025 |
| Credit of Shares to Demat Account | September 15, 2025 |
| IPO Listing Date | September 16, 2025 |
Price and Lot Size
| Details | Information |
|---|---|
| Issue Price | ₹85 per equity share |
| Minimum Lot Size (Retail) | 3,200 shares |
| Minimum Investment (Retail) | ₹2,72,000 |
Financial Performance and GMP
Nilachal Carbo has shown mixed financial results in recent years. While it has maintained a healthy profit after tax (PAT) and a low debt-to-equity ratio, its revenue declined by 24% in FY25 compared to FY24. This is a key concern for potential investors. On the other hand, the company's operating profit margin has improved. It's important to note that the company's profitability is highly dependent on the cyclical nature of the steel and ferro-alloys industries.
The Grey Market Premium (GMP) for this IPO has been a topic of discussion. As of now, the GMP is reportedly at zero, which suggests a muted sentiment for listing gains. This indicates that market participants do not expect the stock to list at a significant premium over the issue price. However, GMP is an unofficial indicator and can change based on market conditions and subscription trends.
Nilachal Carbo IPO Allotment Status
The allotment status for the Nilachal Carbo IPO is expected to be finalized on September 12, 2025. The registrar for this issue is KFin Technologies Ltd. You can check your allotment status on the registrar's official website using your PAN number or application number after the finalization date. Allottees will see the shares credited to their demat accounts by September 15, 2025.
Frequently Asked Questions (FAQs)
Nilachal Carbo is engaged in the manufacturing and selling of Low Ash Metallurgical (LAM) Coke, a raw material used in the steel and ferro-alloys industries.
The IPO is open for subscription from September 8, 2025, to September 11, 2025.
The minimum investment is ₹2,72,000 for a lot size of 3,200 shares.
The shares are proposed to be listed on the BSE SME platform.
You can check the allotment status on the website of the registrar, KFin Technologies Ltd., after the basis of allotment is finalized on September 12, 2025.
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