Nilachal Carbo Metalicks Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Nilachal Carbo Metalicks Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹85
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,36,000
Issue Size
₹56.1 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50.03%
QIB Quota
0%
NII Quota
49.97%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Nilachal Carbo Metalicks Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
73.52%
Issue Type
Fixed Price - SME
ISIN
INE346R01013
About the Company
The Company was incorporated in 2003 and engaged in manufacturing of Low Ash Metallurgical ("LAM") Coke and selling to most of the top ferro chrome manufacturers in the country. Its owned Plant is located at Baramana, Jajpur, Odisha has capacity of 60,000 Metric Tonnes Per Annum (MTPA). Our second Plant on leased basis at Visakhapatnam, has capacity of 18,000 MTPA. Now, the company is proposing an expansion of additional capacity of 34,400 MTPA at its owned existing vacant land available at its owned Plant.
Industry Overview
India has witnessed the highest ever coal production in the FY 2024 which was about 997.25 MT vs. 893.19 MT in FY 2023, a growth of about 11.65%. Most of coal requirement of the country is met through indigenous production / supply. The focus of the Government is on increasing the domestic production of coal and to eliminate non-essential import of coal in the country.
Company History
Nilachal Carbo Metalicks Limited was originally incorporated as "Company Limited by Shares" under the name "Nilachal Carbo Metalicks Private Limited" under the provisions of the Companies Act, 1956 and the Certificate of Incorporation was issued by Registrar of Companies, Cuttack, on February 13, 2003, vide certificate of incorporation bearing CIN U23101OR2003PTC007061. Pursuant to a special resolution passed by its Shareholders in the Extra-Ordinary General Meeting held on November 30, 2023, the Company was converted from a private limited company to public limited company and consequently, the name of the Company was changed to "Nilachal Carbo Metalicks Limited" and a fresh certificate of incorporation dated February 07, 2024 was issued to the Company by the Registrar of Companies, Cuttack, The Corporate Identity Number of the Company is U23101OR2003PLC007061.
Products & Services
- The Company is engaged in manufacturing of Low Ash Metallurgical ("LAM") Coke and selling to most of the top ferro chrome manufacturers in the country.
Growth Strategy
- Enhancing the Current Production Facility.
- Continue Improvement in Operational Efficiency.
- Sales and Marketing Strategy.
- Fixed Operating Cost.
- Sustainability Initiatives.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 66,00,000 equity shares of face value of Rs.10/- each ("equity shares") of Nilachal Carbo Metalicks Limited ("Nilachal" or "the company" or "the issuer") for cash at a price of Rs. 85.00 per equity share (including a premium of Rs. 75.00 per equity share) ("offer price") aggregating to Rs. 56.10 crores comprising of fresh offer of up to 26,00,000 equity shares aggregating to Rs. 22.10 crores ("fresh offer") and an offer for sale of up to 40,00,000 equity shares by Kajal Fashionwear Agency Private Limited ("selling shareholder") aggregating to Rs. 34.00 crores ("offer for sale") ("the offer") of which 3,31,200 equity shares aggregating to Rs. 2.82 crores will be reserved for subscription by market maker ("market maker reservation portion"). The offer less the market maker reservation portion i.e. offer of up to 62,68,800 equity shares of face value of Rs.10/- each at an offer price of Rs. 85.00 per equity share aggregating to Rs. 53.28 crores ("net offer"). The offer and the net offer will constitute 26.48% and 25.15% of the post-offer paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strategic Location of Manufacturing Facilities.
- Experienced Promoter and Management Team.
- Excellence in Producing High-Quality LAM Coke.
- Established customer base for Products and by product.
- Own Fleet for Just-In-Time (JIT) delivery.
- If the supply chain of raw materials is disrupted due to price volatility or changes in government regulations, it could significantly impact its business operations, potentially affecting our ability to meet customer demands and leading to adverse financial consequences for the company.
- The company's business is inherently working capital-intensive. Should the company encounters insufficient cash flows from its operations or face challenges in securing borrowing to meet the company's working capital needs, it could materially and adversely impact its business operations and financial results.
- The company's business is dependent on its manufacturing units and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or underutilization of its manufacturing units could have an adverse effect on the company's business, results of operations and financial condition.
- Any failures in the company's quality control processes may adversely affect its business, results of operations and financial condition. The company may faces product liability claims and legal proceedings if the quality of its product does not meet the company's customers' expectations.
- The company's manufacturing capacity could be significantly impacted if the company is unable to maintain or renew its lease agreement for the Vishakhapatnam unit, which is owned by a third party. Should the company fails to secure a renewal of this lease, it could adversely affect its business operations, revenue generation, and distribution channels.