Nilachal Carbo IPO Date, Review, Price, Details
Nilachal Carbo’s IPO is scheduled to open on September 8, 2025, and will close on September 10, 2025. This IPO is a Fixed Price Issue aiming to raise approximately ₹56.10 crores. It includes a fresh issue of ₹22.10 crores and an offer for sale of up to 40,00,000 equity shares, each with a face value of ₹10. The fixed price per share is ₹85.
The IPO allocation consists of 50% reserved for retail investors, 0% for Qualified Institutional Buyers (QIB), and 50% for High Net-worth Individuals (HNIs). Shares will be listed on the BSE SME platform on September 15, 2025, with allotment finalized on September 11, 2025.
Financially, the company reported revenue of ₹202.79 crores in 2025, down from ₹267.13 crores in 2024. The profit in 2025 stood at ₹14.02 crores compared to ₹15.82 crores in the previous year.

Nilachal Carbo IPO Market Lot Size
The Nilachal Carbo IPO minimum market lot is 3,200 shares with ₹2,72,000 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 2 | 3,200 | ₹2,72,000 |
Retail Maximum | 2 | 3,200 | ₹2,72,000 |
S-HNI Minimum | 3 | 4,800 | ₹4,08,000 |
Nilachal Carbo IPO Details
IPO Open Date: | September 8, 2025 |
IPO Close Date: | September 10, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹85 Per Share |
Issue Size: | Approx ₹56.10 Crores |
Fresh Issue: | Approx ₹56.10 Crores |
Offer for Sale: | Approx 40,00,000 Equity Shares |
Lot Size: | 1,600 Shares |
Issue Type: | Fixed Price Issue |
IPO Listing: | BSE SME |
Retail Quota: | Not more than 50% |
NII Quota: | Not more than 50% |
Nilachal Carbo IPO Valuation – FY2025 (KPI)
Check Nilachal Carbo IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 17.90% |
ROCE: | 22.74% |
EBITDA Margin: | 13.46% |
PAT Margin: | 6.96% |
Debt to equity ratio: | 0.30 |
Earning Per Share (EPS): | ₹6.28 (Basic) |
Price/Earning P/E Ratio: | 13.54 |
Return on Net Worth (RoNW): | 17.90% |
Net Asset Value (NAV): | ₹35.07 |
Nilachal Carbo IPO Company Financial Report
The company reported revenue of ₹202.79 crores in 2025 against ₹267.13 crores in 2024. The company reported profit of ₹14.02 crores in 2025 against profit of ₹15.82 crores in 2024.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2023 | ₹268.46 | ₹253.77 | ₹14.82 | ₹93.22 |
2024 | ₹267.13 | ₹250.70 | ₹15.82 | ₹114.49 |
2025 | ₹202.79 | ₹184.03 | ₹14.02 | ₹123.34 |
Nilachal Carbo IPO Dates
The Nilachal Carbo IPO date is September 8 and the close date is September 10. The Nilachal Carbo IPO allotment will be finalized on September 11 and the IPO listing on September 15.
IPO Open Date: | September 8, 2025 |
IPO Close Date: | September 10, 2025 |
Basis of Allotment: | September 11, 2025 |
Refunds: | September 12, 2025 |
Credit to Demat Account: | September 12, 2025 |
IPO Listing Date: | September 15, 2025 |
Promoters of Nilachal Carbo IPO
The promoters of the company are Mr. Bibhu Datta Panda and Kajal Fashionwear Agency Private Limited.
About Nilachal Carbo IPO
Nilachal Carbo Metalicks Limited, founded in 2003, is a prominent manufacturer specializing in high-quality, low-sulfur metallurgical coke. Their product range includes nut coke, blast furnace coke, foundry coke, and low-phosphorus coke fines, which cater to various industrial applications.
The company operates a modern manufacturing plant in Chadheidhara, Jajpur, Odisha, featuring a beehive-type coke oven battery with an annual production capacity of 60,000 metric tons. To boost production, Nilachal Carbo plans to expand its Baramana plant in Jajpur by adding 36 additional ovens, increasing the LAM coke capacity by 34,400 metric tons to reach a total of 94,400 metric tons per annum (or 112,400 metric tons including leased capacity). The company had a workforce of 67 employees as of October 31, 2024.
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Stratmont Industries Limited | 0.36 | 68.85 | 3.48 | 10.43 | 92.70 Cr. |
Objects of the IPO
Capital investment for installing a new coke oven plant to expand production capacity
Funds allocated to modernize and upgrade the existing manufacturing facility
Working capital to support operational requirements
General corporate expenses and administrative costs
Merchant Bankers
- Sun Capital Advisory Services Pvt.Ltd.
Company Address
Nilachal Carbo Metalicks Ltd.
N/4,
158 IRC Village,
Bhubaneswar 751015
Bhubaneshwar, Odisha, 751015
Phone: 06742551375
Email: [email protected]
Website: https://nilachalcoke.com/
Nilachal Carbo IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://ipostatus.kfintech.com/
Check Grey market premium at below
(GMP)