Nilachal Carbo Metalicks IPO: GMP, Allotment Date & Review
05 September 2025 · Sachin
A complete review of Nilachal Carbo Metalicks IPO: Price, GMP, Allotment, and Financial Insights
Introduction
Nilachal Carbo Metalicks Limited, a coke manufacturing company based in Odisha, is all set to launch its IPO in September 2025. The company aims to raise ₹56.10 crores through a combination of a fresh issue and offer for sale. This IPO is expected to attract investors due to the company’s established presence in the metallurgical coke industry and its strategic location near steel hubs.
In this article, we will cover the Nilachal Carbo Metalicks IPO details, GMP, allotment date, financial performance, strengths, and risks, to help you evaluate whether to invest in this SME IPO.
Nilachal Carbo Metalicks IPO Details
| Particulars | Details |
|---|---|
| IPO Date | September 8, 2025 to September 10, 2025 |
| Listing Date | September 15, 2025 (Tentative) |
| Face Value | ₹10 per share |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 shares |
| Issue Size | 66,00,000 shares (₹56.10 Cr) |
| Fresh Issue | 22,68,800 shares (₹19.28 Cr) |
| Offer for Sale | 40,00,000 shares (₹34.00 Cr) |
| Market Maker Reservation | 3,31,200 shares (₹2.82 Cr) |
| Net Offered to Public | 62,68,800 shares (₹53.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Registrar | NNM Securities Pvt. Ltd. |
| Minimum Retail Investment | ₹2,72,000 (3,200 shares) |
| Minimum HNI Investment | ₹4,08,000 (4,800 shares) |
Nilachal Carbo Metalicks IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Open Date | September 8, 2025 |
| IPO Close Date | September 10, 2025 |
| Allotment Date | September 11, 2025 |
| Refund Initiation | September 12, 2025 |
| Credit of Shares to Demat | September 12, 2025 |
| Listing Date | September 15, 2025 |
| UPI Mandate Confirmation Deadline | September 10, 2025 (5 PM) |
Nilachal Carbo Metalicks Financial Performance (₹ in Crores)
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Assets | 93.22 | 114.49 | 123.34 |
| Total Income | 268.46 | 267.13 | 202.79 |
| EBITDA | 24.98 | 22.32 | 27.13 |
| PAT | 14.82 | 15.82 | 14.02 |
| Net Worth | 48.46 | 64.28 | 78.30 |
| Reserves & Surplus | 26.14 | 41.95 | 55.97 |
| Total Borrowings | 18.84 | 26.14 | 23.55 |
About Nilachal Carbo Metalicks Ltd.
Incorporated in 2003, Nilachal Carbo Metalicks Ltd. is a manufacturer of high-quality, low-sulfur metallurgical coke, widely used in industries such as foundries, ferro-alloys, and blast furnaces.
The company operates a plant in Jajpur, Odisha, with three non-recovery coke oven batteries, having a production capacity of 60,000 MTPA. Plans are in place to add another battery with 36 ovens at its Baramana facility, which will boost its LAM Coke capacity to 94,400 MTPA.
Its product portfolio includes:
Foundry Grade Coke: Used in foundries for metal melting.
Ferro-Alloys Grade Nut Coke: Essential for alloy production.
Blast Furnace Grade Coke: For iron production with high carbon content.
Coke Fines: By-product used in iron ore pellets, sintering, and steel melting.
As of July 2025, the company has 65 employees and supplies to steel plants in and around Odisha.
Competitive Strengths
Strategic Location: Manufacturing units located near steel hubs in Odisha.
Experienced Promoters: Strong management team with decades of experience.
High-Quality Production: Known for producing premium metallurgical coke.
Customer Base: Established clients in steel and foundry industries.
Own Logistics Fleet: Ensures just-in-time (JIT) delivery.
Operational Flexibility: Ability to cater to specific customer requirements.
Nilachal Carbo Metalicks IPO GMP (Grey Market Premium)
The Nilachal Carbo Metalicks IPO GMP (Grey Market Premium) will provide early indications of listing gains. GMP trends closer to the IPO opening date will determine investor sentiment. Currently, investors are advised to monitor GMP updates regularly to gauge market demand.
Nilachal Carbo Metalicks IPO Allotment Status
The IPO allotment status can be checked online on the registrar’s website (NNM Securities Pvt. Ltd.) after September 11, 2025. Investors will need their PAN or IPO application number to check allotment results.
Nilachal Carbo Metalicks IPO Review
Nilachal Carbo Metalicks IPO presents an opportunity to invest in a company with a stronghold in the metallurgical coke industry. Its expansion plans, strategic location, and strong management are positives. However, investors should note:
Revenue decline in FY 2025 highlights cyclical risks.
High minimum investment of ₹2.72 lakh may limit retail participation.
Being an SME IPO, liquidity may be lower compared to mainboard IPOs.
Verdict: Suitable for investors with a medium to long-term horizon who can tolerate SME IPO risks.
FAQs
Q1. What is the Nilachal Carbo Metalicks IPO price band?
The IPO is priced at ₹85 per share with a face value of ₹10.
Q2. What is the Nilachal Carbo Metalicks IPO lot size?
The lot size is 1,600 shares, requiring a minimum investment of ₹2,72,000.
Q3. When is the Nilachal Carbo Metalicks IPO allotment date?
The allotment is expected to be finalized on September 11, 2025.
Q4. On which exchange will Nilachal Carbo Metalicks IPO list?
It will list on BSE SME.
Q5. Is Nilachal Carbo Metalicks IPO good for investment?
It may be a good bet for long-term investors due to its strong fundamentals, but risks related to industry cyclicality and SME market liquidity should be considered.