Nilachal Carbo Metalicks Limited, established in 2003, has carved a niche in the production of FAP grade Ultra & Low Phosphorus – Low Ash Metallurgical Coke. With over two decades of experience, the company has built strong supply chain relationships with leading Ferro Chrome manufacturers in India, positioning itself as a reliable supplier of high-quality coke products.

The company is launching its Initial Public Offering (IPO) to raise ₹56.1 crores through a Fixed Price Issue. The IPO comprises a Fresh Issue of 26.00 lakh shares aggregating to ₹22.1 crores and an Offer for Sale of 40.00 lakh shares aggregating to ₹34.0 crores.

The IPO opens for subscription on September 8, 2025, and will close on September 10, 2025. The allotment will be finalised on September 11, 2025, and the shares are expected to be listed on the BSE SME platform on September 15, 2025.

IPO Price, Lot Size and Market Capitalisation

The issue price has been fixed at ₹85 per equity share. At this price, the company’s market capitalisation will be approximately ₹211.88 crores. The lot size of the IPO is 1,600 shares, and investors must apply for a minimum of 2 lots (3,200 shares), which requires an investment of ₹2,72,000.

Lead Manager and Registrar

The book running lead manager of the IPO is SUN Capital Advisory Services Pvt. Ltd., while KFin Technologies Ltd. is the registrar to the issue. NNM Securities Pvt. Ltd. will act as the market maker for the IPO.

Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Nilachal Carbo Metalicks IPO is currently reported at ₹0, indicating that there is no additional premium over the issue price. However, GMP is purely unofficial and reflects unregulated trading sentiment in the grey market. It is not a reliable indicator of the stock’s performance on listing day.

Live Subscription Status

As of 12:30 PM on September 8, 2025, the IPO was subscribed 0.65 times on its opening day. Investors can check the live subscription status on the BSE website during the subscription period.

Day-wise GMP Trend

• September 4, 2025 – IPO Price: ₹85 | Expected Listing Price: ₹85 | GMP: ₹0 (0.00%).

This indicates stable sentiment without grey market activity ahead of the IPO opening.

IPO Allotment Process

The allotment date for Nilachal Carbo Metalicks IPO is scheduled for September 11, 2025. Investors can check their allotment status online by visiting the registrar’s website and following these steps:

• Navigate to the IPO allotment status page.

• Select Nilachal Carbo Metalicks Limited IPO from the dropdown list.

• Enter application number, PAN, or DP Client ID.

• Submit to view your allotment status.

Objectives of the IPO

The net proceeds of the IPO will be utilised for:

1. ₹1,346.00 lakh for funding capital expenditure towards installation of a new Coke Oven Plant for capacity expansion.

2. ₹303.31 lakh for funding the modernisation of the existing plant.

3. ₹267.46 lakh for general corporate purposes.

Company Overview and Strengths

Nilachal Carbo Metalicks has become a key player in the metallurgical coke industry by producing low phosphorus, low ash coke, which is a critical input in the production of Ferro Chrome and other alloys. The company’s products cater to domestic steel and metal manufacturers, helping meet the quality and efficiency requirements of industrial customers.

The company’s strength lies in its consistent product quality, strong relationships with large-scale customers, and an experienced management team. The planned installation of a new coke oven plant is expected to increase production capacity, while modernization efforts will help improve efficiency and reduce costs.

Conclusion

The Nilachal Carbo Metalicks IPO offers investors an entry into a specialised metallurgical coke manufacturer with long-standing industry experience. The funds raised will help the company expand capacity and upgrade facilities, strengthening its competitive position in the metallurgical coke sector.

While the company operates in a niche market with steady demand, investors should be mindful of commodity price fluctuations, sector dependency, and SME IPO risks before making investment decisions. The IPO’s fixed price structure, relatively high minimum investment amount, and lack of GMP activity indicate a cautious market sentiment, making it essential for investors to carefully evaluate fundamentals before subscribing.

The Upcoming IPOs in this week and coming weeks are Karbonsteel Engineering, Taurian MPS, L. T. Elevator, Galaxy Medicare, Airfloa Rail Technology, Dev Accelerator, Jay Ambe Supermarkets, Urban Company, Shringar House of Mangalsutra, .

The Current active IPO are Nilachal Carbo Metalicks, Krupalu Metals, Vashishtha Luxury Fashion, Sharvaya Metals, Vigor Plast India, Austere Systems.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.