Nilachal Carbo IPO Date, Review, Price, Allotment Details
Nilachal Carbo IPO will open on September 8, 2025, and close on September 10, 2025. It is a Fixed Price Issue, through which the company aims to raise about ₹56.10 crores. This includes a fresh issue worth ₹22.10 crores and an offer for sale of up to 40,00,000 equity shares with a face value of ₹10 each.
The IPO is priced at ₹85 per share, with 50% reserved for retail investors, 50% for HNIs, and 0% for QIBs. Shares of Nilachal Carbo are scheduled to list on the BSE SME platform on September 15, 2025, while the allotment date is September 11, 2025.
In terms of financials, the company posted a revenue of ₹202.79 crores in 2025, down from ₹267.13 crores in 2024. Net profit stood at ₹14.02 crores in 2025 compared to ₹15.82 crores in 2024. Based on its performance, investors may consider this IPO for long-term investment prospects.
Nilachal Carbo IPO Details
| IPO Open Date: | September 8, 2025 |
| IPO Close Date: | September 10, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹85 Per Share |
| Issue Size: | Approx ₹56.10 Crores |
| Fresh Issue: | Approx ₹56.10 Crores |
| Offer for Sale: | Approx 40,00,000 Equity Shares |
| Lot Size: | 1,600 Shares |
| Issue Type: | Fixed Price Issue |
| IPO Listing: | BSE SME |
| DRHP Draft Prospectus: |  |
| RHP Draft Prospectus: | |
Nilachal Carbo IPO Market Lot
The Nilachal Carbo IPO minimum market lot is 3,200 shares with ₹2,72,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 3,200 | ₹2,72,000 |
| Retail Maximum | 2 | 3,200 | ₹2,72,000 |
| S-HNI Minimum | 3 | 4,800 | ₹4,08,000 |
IPO Reservation
| Investor Category | Share Offered |
| NII Shares Offered | 50% of the Net Offer |
| Retail Shares Offered | 50% of the Net Offer |
Nilachal Carbo IPO Anchor Investors
| Anchor Bidding Date | September, 2025 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | October, 2025 |
| lock-in period end date 50% shares (90 Days) | December 2025 |
Nilachal Carbo IPO Dates
The Nilachal Carbo IPO opens on September 8 and closes on September 10, with allotment on September 11 and listing on September 15.
| IPO Open Date: | September 8, 2025 |
| IPO Close Date: | September 10, 2025 |
| Basis of Allotment: | September 11, 2025 |
| Refunds: | September 12, 2025 |
| Credit to Demat Account: | September 12, 2025 |
| IPO Listing Date: | September 15, 2025 |
| IPO Bidding Cut-off Time: | September 10, 2025 – 5 PM |
Promoters of Nilachal Carbo IPO
The promoters of the company are Mr. Bibhu Datta Panda and Kajal Fashionwear Agency Private Limited.
| Particular | Shares | % Share |
| Promoter Holding Pre-Issue | 2,23,27,000 | 99.99% |
| Promoter Holding Post Issue | 2,49,27,000 | 73.52% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores | % |
| Funding Capital expenditure for installing One Coke Oven Plant for the expansion of capacity. | 13.46 | 60.9% |
| Funding the modernization of the existing plant | 3.03 | 13.7% |
| General corporate purposes | 5.61 | 25.4% |
About Nilachal Carbo IPO
Nilachal Carbo Metalicks Limited, established in 2003, is a leading producer of high-quality, low-sulfur metallurgical coke. Its product range also includes nut coke, blast furnace coke, foundry coke, and low-phosphorus coke fines, each catering to different industrial applications.
The company operates a modern beehive-type coke oven battery at Chadheidhara, Jajpur, Odisha, with a production capacity of 60,000 MTPA. To enhance output, it plans to install 36 additional ovens at its Jajpur, Baramana plant, which would increase its LAM Coke capacity to 94,400 MTPA (or 1,12,400 MTPA including leased capacity). As of October 31, 2024, Nilachal Carbo Metalicks employed 67 people.
Nilachal Carbo IPO Company Financial Report
It recorded a revenue of 202.79 crores in 2025 as compared to 267.13 crores in 2024. The company realized profit of 14.02 crores in 2025 as compared to profit of 15.82 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹268.46 | ₹253.77 | ₹14.82 | ₹93.22 |
| 2024 | ₹267.13 | ₹250.70 | ₹15.82 | ₹114.49 |
| 2025 | ₹202.79 | ₹184.03 | ₹14.02 | ₹123.34 |
Nilachal Carbo IPO Valuation – FY2025
Review the Nilachal Carbo IPO valuation metrics, including Earnings Per Share (EPS), Price-to-Earnings (P/E) ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 17.90% |
| ROCE: | 22.74% |
| EBITDA Margin: | 13.46% |
| PAT Margin: | 6.96% |
| Debt to equity ratio: | 0.30 |
| Earning Per Share (EPS): | ₹6.28 (Basic) |
| Price/Earning P/E Ratio: | 13.54 |
| Return on Net Worth (RoNW): | 17.90% |
| Net Asset Value (NAV): | ₹35.07 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Stratmont Industries Limited | 0.36 | 68.85 | 3.48 | 10.43 | 92.70 Cr. |
IPO Lead Managers aka Merchant Bankers
- Sun Capital Advisory Services Pvt.Ltd.
IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: ncml.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Company Address
Nilachal Carbo Metalicks Ltd.
N/4,
158 IRC Village,
Bhubaneswar 751015
Bhubaneshwar, Odisha, 751015
Phone: 06742551375
Email: secretarial@nilachalcoke.com
Website: https://nilachalcoke.com/