Nilachal Carbo Metalicks Lists at ₹68.00, Slips 20% Below Issue Price

Mumbai, September 16, 2025 – The shares of Nilachal Carbo Metalicks Limited (NSE: NCML, BSE: 544510) made a pretty weak debut on the BSE SME platform as the stock listed at ₹68.00 at a discount of 20% from its issue price of ₹85.00. Interestingly, the IPO had received an encouraging response from the public and was oversubscribed 5.06 times.

There was a slight improvement in the price, reaching ₹71.40 (down by 24.85% from the issue price) at 11:45 AM, due to increased buying activity following a rather dismal listing performance by the scrip.

Listing Performance

The stock was listed at ₹68.00, and the day’s high so far is ₹71.40. The lowest price so far was ₹64.60, which was within an hour of the weak listing at the BSE SME index. The stock regained a bit of momentum after hitting the lower circuit (₹64.60). It reached ₹71.40 as the total number of buyers exceeded sellers after a couple of hours of highly volatile trading.

Subscription Recap

The IPO received strong public interest and was oversubscribed by 5.06 times. The issue was open between September 8 and 11, 2025. Retail investors had led the demand and oversubscribed their quota 5.55 times. NIIs (Non-Institutional Investors) also oversubscribed by 4.56 times. Qualified Institutional Buyers (QIBs) made a marginal entry with bids for just 64,000 shares.

Company Background

Nilachal Carbo Metalicks manufactures Low Ash Metallurgical (LAM) Coke used by ferrochrome producers. It operates plants in Jajpur, Odisha (60,000 MTPA) and Visakhapatnam (18,000 MTPA, leased), and is expanding capacity by 34,400 MTPA at its existing facility.

REF: https://www.bseindia.com/stock-share-price/nilachal-carbo-metalicks-ltd/ncml/544510/

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