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Nilachal Carbo Metalicks IPO
Price Band
₹
Issue Size
₹56.1 Cr
Lot Size
1,600 shares
Min Investment
₹272,000
2 LOTS MIN
GMP
—
Issue Price
₹85.0
Nilachal Carbo Metalicks IPO AI Summary
- Nilachal Carbo Metalicks IPO is listed on BSE SME in the Ferro & Silica Manganese sector.
- Subscription window: 08 Sep–11 Sep 2025, listing on 16 Sep 2025.
Nilachal Carbo Metalicks Limited is an SME engaged in the production of metallurgical coke, with plans for expansion. The company has shown fluctuations in revenue and profit in recent periods. Investors should consider the company's financial performance and market conditions when evaluating this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Nilachal Carbo Metalicks IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Nilachal Carbo Metalicks IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2003, Nilachal Carbo Metalicks Limited is engaged in the production of high-quality, low-sulfur metallurgical coke. Their product range includes nut coke, blast furnace coke, foundry coke, and low-phosphorus coke fines, catering to various industrial applications. The company operates a state-of-the-art facility in Chadheidhara, Jajpur, Odisha, equipped with three non-recovery, bee-hive type coke oven batteries, boasting a production capacity of 60,000 metric tons per annum (MTPA). The company plans to add a battery with 36 ovens at its Baramana, Jajpur plant, increasing its LAM Coke capacity by 34,400 MTPA, reaching 94,400 MTPA (1,12,400 MTPA including leased capacity). Products Portfolio: Low Ash Metallurgical Coke: Foundry Grade Coke Used in foundries as a fuel and reducing agent for melting metals like iron, ensuring stable heat and minimal impurities. Ferro Alloys Grade LAM Coke (Nut Coke)Essential for ferro-alloy production, it has low ash, phosphorus, and reactivity, improving furnace efficiency and alloy quality. Blast Furnace Grade Coke Used in blast furnaces for iron production, it provides high carbon content, low ash, and durability for efficient combustion and furnace stability. Coke Fines: The company produces high-carbon, low-phosphorus Coke Fines during LAM Coke/Nut Coke manufacturing. These are used in iron ore pellets, sintering, and steel melting, meeting strong demand from nearby steel plants. As of July 5, 2025, the company has 65 employees on the payroll. Competitve Strengths: Strategic Location of Manufacturing Facilities Experienced Promoter and Management Team Excellence in Producing High-Quality LAM Coke Established customer base for by product Own Fleet for JIT delivery Flexible Operation for meeting specific customer requirements
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 123.34 | 114.49 | 93.22 |
| Total Income | 202.79 | 267.13 | 268.46 |
| Profit After Tax | 14.02 | 15.82 | 14.82 |
| EBITDA | 27.13 | 22.32 | 24.98 |
| NET Worth | 78.30 | 64.28 | 48.46 |
| Reserves and Surplus | 55.97 | 41.95 | 26.14 |
| Total Borrowing | 23.55 | 26.14 | 18.84 |
Key Ratios
EPS
₹6.28
NAV
₹35.07
ROE
17.90%
ROCE
22.74%
RoNW
17.90%
P/E Ratio
13.54
Market Cap
₹211.88 Cr
PAT Margin
6.96%
Debt/Equity
0.30
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Diluted |
|---|---|---|---|---|
| Stratmont Industries Ltd | 10.43 | 3.48% | 68.85 | 0.36 |
| Nilachal Carbo Metalicks Limited This IPO | 35.07 | 17.9% | 13.54 | 6.28 |
Promoters
Bibhu Datta Panda and Kajal Fashionwear Agency Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital expenditure for installing One Coke Oven Plant for expansion of capacity. 13.46 2 Funding modernization of existing plant 3.03 3 General Corporate Purposes 2.67 4 Issue Expenses 7.44 Total 26.61
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹268.46 Cr in the period ending 31 Mar 2023, slightly decreasing to ₹267.13 Cr by 31 Mar 2024, and further declining to ₹202.79 Cr by 31 Mar 2025. This indicates a downward trend in revenue over the observed periods.
Profit Trend
Profit After Tax was ₹14.82 Cr in the period ending 31 Mar 2023, increasing to ₹15.82 Cr by 31 Mar 2024, but then falling to ₹14.02 Cr by 31 Mar 2025. This shows a fluctuation in profitability across the periods.
Valuation
Priced at a P/E of 13.54 at the issue price, which is lower than peers like Stratmont Industries Ltd, trading at a P/E of 68.85.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of IPO shares before they are listed on the stock exchange. It can indicate market sentiment and demand for the IPO, but trading in this market is unregulated and carries risks.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's financial health, growth prospects, and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies with predictable earnings might find this IPO less appealing, especially given the fluctuations in revenue and profit observed in recent years.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions and investor sentiment. It's important to be aware that while some IPOs may see significant gains on their first day of trading, others may not perform as expected.
This evaluation is generated from Nilachal Carbo Metalicks's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Nilachal Carbo Metalicks IPO open and close?
Nilachal Carbo Metalicks IPO opens on 08 September 2025 and closes on 11 September 2025.
When does Nilachal Carbo Metalicks IPO list on the stock exchange?
Nilachal Carbo Metalicks IPO listed on 16 September 2025 at ₹85.0.
What is the lot size for Nilachal Carbo Metalicks IPO?
The lot size for Nilachal Carbo Metalicks IPO is 1600 shares, requiring a minimum investment of ₹272,000 (2 lots).
What is the lot size for this IPO?
The lot size for the Nilachal Carbo Metalicks IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required for this IPO is ₹272,000.
What is the issue price of the IPO?
The issue price of the Nilachal Carbo Metalicks IPO is ₹85.0 per share.
When is the IPO expected to be listed?
The IPO is expected to be listed on 16 September 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which the IPO shares are traded in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 Sep 2025
Close
11 Sep 2025
Allotment
12 Sep 2025
Listing
16 Sep 2025
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