Nilachal Carbo Metalicks Ltd

Nilachal Carbo Metalicks IPO

  • Status: Closed
  • RHP:
  • ₹ 272,000 / 3200 shares

    Minimum Investment

Nilachal Carbo Metalicks IPO Details

  • Open Date

    08 Sep 2025

  • Close Date

    11 Sep 2025

  • Listing Date

    16 Sep 2025

  • IPO Price Range

    ₹ 85

  • IPO Size

    ₹ 56.10 Cr

  • Listing Exchange

    NSE SME

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Nilachal Carbo Metalicks IPO Subscription Status

Last Updated: 12 September 2025 11:56 AM by 5paisa

Nilachal Carbo Metalicks Limited was originally incorporated as a private limited company on 13 February 2003 in Bhubaneswar, Odisha, and converted into a public limited company in 2024. The company specialises in the manufacture of coke oven products, including coke derived from hard coal and lignite, along with by-products such as coal tar and pitch. Its state-of-the-art production facility in Chadheidhara, Jajpur, comprises three non-recovery beehive-type coke oven batteries with a capacity of 60,000 MTPA, supplemented by additional tolling capacity of 42,000 MTPA across Odisha and Andhra Pradesh. The senior leadership is headed by Mr Bibhu Datta Panda, Managing Director. Based in Bhubaneswar, the company remains unlisted and compliant, with a modest workforce and a strong operational footprint in the coke manufacturing sector.


Established in: 2003

Managing Director: Mr Bibhu Datta Panda
 
Peers
● Stratmont Industries Limited

Nilachal Carbo Metalicks Objectives

Objectives Of Nilachal Carbo Metalicks IPO
● Expand production capacity, including new or upgraded ovens
● Repay debt and reduce leverage
● Meet working capital needs for operations
● General corporate purposes, including potential strategic initiatives

Nilachal Carbo Metalicks IPO Size

Types Size
Total IPO Size ₹56.10 Cr
Offer For Sale ₹34 Cr
Fresh Issue ₹22.1 Cr

 

Nilachal Carbo Metalicks IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 3,200 2,62,400
Retail (Max) 2 3,200 2,62,400
S-HNI (Min) 3 4,800 3,93,600
S-HNI (Max) 7 11,200 9,18,400
B-HNI (Min) 8 12,800 10,49,600

Nilachal Carbo Metalicks IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
NII (HNI) 4.56 31,32,800     1,42,88,000 121.45
Individual Investors (IND category bidding for 2 Lots)     5.55 31,36,000 1,73,92,000 147.83
Total** 5.06 62,68,800 3,17,44,000 269.82

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 199.1 266.2 265.1
EBITDA 18.9 22.3 24.9
PAT 12.5 14.8 15.8
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 84.66 93.21 114.49
Share Capital 22.32 22.32 22.32
Total Borrowing 10.07 18.83 26.13
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 28.38 -16.2 0.2
Net Cash Generated From / (used in) investing activities -11.66 -4.03 -9.01
Net Cash Generated From / (used in) financing activities 1.17 4.67 2.44
Net Increase (Decrease) In Cash And Cash Equivalents 26.32 10.75 4.39


Strengths

1. Established coke-oven production base.
2. Inbuilt and tolling capacity.
3. Strategic East-India locations.
4. Experienced leadership team.
 

Weaknesses

1. Niche industry focus.
2. Regional operational presence.
3. Unlisted status limits visibility.
4. Dependency on coal feedstock.
 

Opportunities

1. Growing demand in steel & ferroalloys.
2. Capacity expansion via tolling.
3. Upstream integration possibilities.
4. ESG-aligned clean product lines.
 

Threats

1. Coal price volatility. 
2. Regulatory pressure on emissions.
3. Competition from substitutes.
4. Logistics and raw material access risks.
 

1. Strong production base in metallurgical coke with scalable capacity
2. Strategic location near key raw material and industrial centres
3. Growth-aligned sector tied to steel and infrastructure demand
4. Experienced leadership under its long-standing Managing Director
5. Opportunity to participate early in a niche yet critical manufacturing vertical
 

Nilachal Carbo Metalicks operates in the metallurgical coke industry, a critical supply chain segment for steel, ferroalloys, and foundries. India’s manufacturing sector—particularly steel—and infrastructure growth continue to drive steady demand for quality coke. In East India, where the company’s facilities are based, proximity to raw materials and steel producers offers logistical advantages. The company’s existing production capacity, along with tolling arrangements, makes it well-placed to scale in response to demand. Meanwhile, government initiatives supporting domestic manufacturing and ‘Make in India’ ecosystem expansion provide tailwinds. Technological upgrades and cleaner manufacturing processes also present opportunities in light of rising environmental standards. However, the outlook depends on stable coal supplies, regulatory clarity on emissions, and continued growth in steel and allied sectors. With its current manufacturing base and experienced leadership, Nilachal stands to benefit from evolving industry dynamics—provided the company remains agile and expansion-ready.

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FAQs

Nilachal Carbo Metalicks IPO opens from September 8, 2025 to September 11, 2025.

The size of Nilachal Carbo Metalicks IPO is ₹56.1 Cr.

The price band of Nilachal Carbo Metalicks IPO is fixed at ₹82 per share.

To apply for Nilachal Carbo Metalicks IPO, follow the steps given below:
 
●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Nilachal Carbo Metalicks  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
 
You will receive a mandate notification to block funds in your UPI app.

The minimum lot size of Nilachal Carbo Metalicks IPO is of 2 lots consisting of 1,600 shares and the investment required is ₹2,62,400.

The share allotment date of Nilachal Carbo Metalicks IPO is September 12, 2025

The Nilachal Carbo Metalicks IPO will likely be listed on September 15, 2025.

Sun Capital Advisory Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.

Nilachal Carbo Metalicks plans to utilise the raised capital from the IPO for:

1. Expand production capacity, including new or upgraded ovens
2. Repay debt and reduce leverage
3. Meet working capital needs for operations
4. General corporate purposes, including potential strategic initiatives