Nilachal Carbo Metalicks IPO Opens Today: Key Details About The IPO

Bhubaneswar, September 8, 2025: Nilachal Carbo Metalicks Limited has launched its initial public offering (IPO) on the BSE SME platform. Sun Capital Advisory Services Pvt Ltd will manage the IPO as lead manager, while KFin Technologies Ltd will be the registrar of the issue. It will open for public subscription from September 8 to September 11, 2025. The shares are scheduled to be listed on the stock exchange on September 16, 2025.

Issue Size Of ₹56.1 crore, With 26 Lakh Shares In The Fresh Issue

Nilachal Carbo Metalicks IPO is sized at ₹56.1 crore, with 26 lakh shares in fresh issue totaling to ₹22.1 crore and 40 lakh shares in offer for sale aggregating to ₹34 crore. In it, 3.31 lakh shares are for Market Maker Reservation. The face value of the shares under the IPO is ₹10, while the price is set at ₹85 per share. The lot size for the IPO is 1,600 shares with a minimum investment of 2 lots, i.e., 3,200 shares, totaling ₹2.72 lakh. The post-issue stake dilution will be 26.48% of paid-up equity.

Current IPO Subscription At 0.17 Times

As of September 8, 2025, 11:40 AM, i.e., day one of the subscription, the IPO has been subscribed to 0.17 times. The early subscribers only include two categories: NII investors, who are leading with 0.31 times subscription, and retail investors, who are at 0.03 times subscription.

Key Risks Highlighted In RHP

The red herring prospectus of the SME IPO has highlighted some key risk areas:

• Raw Material Dependence: The company relies heavily on imported coking coal, exposing it to global price fluctuations.
• Leased Plant Exposure: One facility operates on a leased basis, which may pose risks to long-term stability.
• High Customer Concentration: A significant portion of revenue comes from leading ferrochrome producers; loss of key clients could impact operations.
• Expansion Risks: The planned capacity addition requires capital infusion and successful execution.
• SME Listing Volatility: As it is an SME IPO, there is a possibility that the trading volumes may be limited, which might lead to higher price volatility.

Growing Player In the Metals And Industrial Sector

Nilachal Carbo Metalicks Limited, established in 2003, is a growing player in the metals and industrial sector. Headquartered in Kolkata, the company operates within the steel and ferroalloy industry. It transitioned to a public company in February 2024, marking a significant step in its growth journey. Promoted by Mr. Bibhu Datta Panda, Mrs. Geeta Rani Panda, and Kajal Fashionwear Agency Pvt. Ltd., the company continues to strengthen its market presence.

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