
Nilachal Carbo IPO Description – Nilachal Carbo Metalicks is engaged in the manufacturing of Low Ash Metallurgical (LAM) Coke, with a specialization in producing Ferro Alloy Grade coke. The company has established long-term relationships with many of the leading ferro chrome manufacturers in India.
Its primary production facility, which is company-owned, is located in Baramana, Jajpur, Odisha. This plant operates three batteries, each comprising 32 ovens, totaling 96 ovens, and has an annual production capacity of 60,000 Metric Tonnes Per Annum (MTPA). Additionally, the company operates a second plant on a leased basis from Srinivasa Coke, located in Visakhapatnam, Andhra Pradesh. This facility houses one battery with 18 ovens and has an installed capacity of 18,000 MTPA.
Together, the owned and leased facilities provide a combined manufacturing capacity of 78,000 MTPA. Furthermore, Nilachal Carbo Metalicks has a contract manufacturing arrangement with Om Avi Carbon Resources, utilizing their facility with a production capacity of 24,000 MTPA to further support its operational needs.

Promoters of Nilachal Carbo – Mr. Bibhu Datta Panda, Mrs. Geeta Rani Panda, and Kajal Fashionwear Agency Private Limited
Table of Contents
Nilachal Carbo Offer Details
| Nilachal Carbo IPO Dates | 8 – 11 September 2025 |
| Nilachal Carbo Issue Price | INR 85 per share |
| Fresh Issue | 26,00,000 shares (INR 22.10 crore) |
| Offer For Sale | 40,00,000 shares (INR 34.00 crore) |
| Total IPO Size | 66,00,000 shares (INR 56.10 crore) |
| Minimum Bid | 3,200 shares (INR 2,72,000) |
| Lot Size | 1,600 shares (INR 1,36,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 50% |
| Listing On | BSE SME |
Nilachal Carbo Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 266.21 | 265.11 | 201.51 |
| Expenses | 253.77 | 250.70 | 184.03 |
| Net income | 14.82 | 15.82 | 14.02 |
Nilachal Carbo Offer News
- Nilachal Carbo RHP
- Nilachal Carbo Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Nilachal Carbo Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 6.64 | 7.08 | 6.28 |
| PE ratio | – | – | 13.54 |
| RONW (%) | 30.57 | 24.61 | 17.90 |
| NAV | 21.71 | 28.79 | 35.07 |
| ROCE (%) | 27.90 | 23.54 | 22.74 |
| EBITDA (%) | 8.38 | 9.42 | 13.46 |
| Debt/Equity | 0.39 | 0.41 | 0.30 |
Nilachal Carbo IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Nilachal Carbo IPO Subscription – Live Updates
| Category | Non-Individual | Individual | Total |
|---|---|---|---|
| Shares Offered | 31,32,800 | 31,36,000 | 62,68,800 |
| 11 Sep 2025 | 4.69 | 5.55 | 5.12 |
| 10 Sep 2025 | 2.39 | 1.41 | 1.90 |
| 9 Sep 2025 | 2.19 | 1.08 | 1.64 |
| 8 Sep 2025 | 1.86 | 0.71 | 1.29 |
The market maker reservation portion of 3,31,200 shares is not included in the above calculations.
Nilachal Carbo IPO Allotment Status
Nilachal Carbo IPO allotment status is now available on the KFin Tech website. Click on this link to get the allotment status.
Nilachal Carbo IPO Dates & Listing Performance
| IPO Opening Date | 8 September 2025 |
| IPO Closing Date | 11 September 2025 |
| Finalization of Basis of Allotment | 12 September 2025 |
| Initiation of refunds | 15 September 2025 |
| Transfer of shares to demat accounts | 15 September 2025 |
| IPO Listing Date | 16 September 2025 |
| Opening Price on BSE SME | INR 68 per share (down 20%) |
| Closing Price on BSE SME | INR 71.40 per share (down 16%) |
Nilachal Carbo IPO Lead Manager
SUN CAPITAL ADVISORY SERVICES PRIVATE LIMITED
302, 3rd Floor, Kumar Plaza, Near Kalina Market,
Kalina Kurla Road, Santacruz East, Mumbai-400029
Phone: 022 6178 6000
Email: [email protected]
Website: www.suncapital.co.in
Nilachal Carbo Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
Nilachal Carbo Contact Details
NILACHAL CARBO METALICKS LIMITED
N/4 – 158 IRC Village, Bhubaneswar 751015, Odisha, India
Phone: +91 06742551375
E-mail: [email protected]
Website: www.nilachalcoke.co.in
IPO FAQs
What is the Nilachal Carbo IPO size?
Nilachal Carbo offer size is INR 56.10 crores.
What is the Nilachal Carbo offer price band?
Nilachal Carbo public offer price is INR 85 per share.
What is the lot size of the Nilachal Carbo Offer?
Nilachal Carbo offer lot size is 1,600 shares.
What is Nilachal Carbo IPO GMP today?
Nilachal Carbo IPO GMP today is INR NA per share.
What is the Nilachal Carbo kostak rate today?
Nilachal Carbo kostak rate today is INR NA per application.
What is Nilachal Carbo IPO Subject to Sauda rate today?
Nilachal Carbo Subject to Sauda rate today is INR NA per application.




































