Nilachal Carbo Metalicks Limited
Fixed Price IPO · BSE
- Price band
- ₹85 - ₹85
- Lot size
- 1,600 shares
- Issue amount
- ₹56.1 cr
- Total subscription
- 5.11×
- Opens
- 8 Sept 2025
- Closes
- 11 Sept 2025
- Allotment
- 12 Sept 2025
- Listing
- 16 Sept 2025
Offer at a glance
Issue overview
- Issue size
- 66,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹22.1 cr
- Offer for sale
- ₹34 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,36,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 7,21,32,080
- Shares after issue
- 9,64,32,080
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,72,000 |
| sHNI | 3 | 4,800 | ₹4,08,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 11 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 2 |
| NIB | 0 | 1,769 |
| RETAIL | 980 | 2,362 |
| HNIs (2-10L) | 653 | 834 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| FIIs | 0 | 0.5 |
| RETAIL | 26.66 | 147.83 |
| NIB | 26.63 | 124.26 |
| HNIs 2+ | 8.87 | 55.28 |
| HNIs 10+ | 17.76 | 68.98 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.28 | 7.08 | 6.64 |
| ROE | 17.9 | 24.61 | 30.57 |
| ROCE | 22.74 | 23.54 | 27.9 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 13.54 | 0 | 0 |
| POST IPO(PE) | 15.12 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Nilachal Carbo Metallicks limited | 13.54 | NA | 10 | 35.07 | 17.90 | 6.28 |
| Stratmont Industries Limited | 68.85 | NA | 10 | 10.43 | 3.48 | 0.36 |
Company information
Company profile
Nilachal Carbo Metalicks Limited, incorporated in 2003, is engaged in producing high-quality, low-sulfur metallurgical coke for diverse industrial applications. Its product portfolio includes nut coke, blast furnace coke, foundry coke, and low-phosphorus coke fines. The company operates a modern facility at Chadheidhara, Jajpur, Odisha, with three non-recovery, bee-hive type coke oven batteries and a production capacity of 60,000 MTPA. It is also expanding by adding a new battery with 36 ovens at its Baramana, Jajpur plant, which will increase LAM Coke capacity by 34,400 MTPA, taking the total to 94,400 MTPA (1,12,400 MTPA including leased capacity). Its products serve foundries, ferro-alloy manufacturers, and blast furnace operations, while coke fines are used in iron ore pellets, sintering, and steel melting, meeting strong demand from nearby steel plants. As of July 5, 2025, the company employed 65 people.
Strengths
- Prime Manufacturing Location – Plants strategically situated near Paradip and Vizag ports, with easy access to ferro chrome producers and the Kalinga Nagar steel hub.
- Strong Leadership & Industry Expertise – Guided by promoter and MD Mr. Bibhu Datta Panda, with 20+ years of sector experience and a capable management team.
- Dedicated Logistics Fleet – Own fleet of Ashok Leyland tippers enabling efficient Just-in-Time (JIT) delivery and reliable client servicing.
Risk factors
- Raw Material Volatility Risk – Price fluctuations or regulatory changes in raw material supply may disrupt operations, delay deliveries, and impact financial performance.
- High Capital Intensity – Significant working capital needs make the business vulnerable to cash flow shortages or borrowing constraints.
- Manufacturing Facility Dependence – Heavy reliance on company-owned units means any slowdown, shutdown, or underutilization could affect performance and profitability.
Promoters
Mr. Bibhu Datta Panda
Kajal Fashionwear Agency Private Limited
Registrar & documents
Lead manager
Sun Capital Advisory Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
N/4, 158 IRC Village, Bhubaneswar 751015 Bhubaneshwar, Odisha, 751015
06742551375
[email protected]Company website ↗Understanding NCML IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.