BSE SME Nilachal Carbo Metalicks IPO ends with subscription of 4.85 times

The initial public offer (IPO) of Nilachal Carbo Metalicks received bids for 3,20,75,200 shares as against 66,00,000 shares on offer. The issue was subscribed 4.85 times. The issue opened for bidding on 08 September 2025 and it closed on 11 September 2025. The price of the IPO was fixed at Rs 85 per share. The equity shares will list on BSE’s SME platform. Qualified Institutional Buyers (QIBs) bid for 64,000 shares, Non-Institutional Investors (NIIs) for 1,46,19,200 shares, while Retail Individual Investors (RIIs) placed bids for 1,73,92,000 shares. The IPO comprised 66,00,000 equity shares, including a fresh issue of 26,00,000 equity shares and offer for sale (OFS) of 40,00,000 equity shares. The company intends to utilize the net proceeds to meet funding capital expenditure for installing one coke oven plant for expansion of capacity, funding modernization of existing plant and general corporate purposes. Nilachal Carbo Metalicks is engaged in the manufacturing of Low Ash Metallurgical (LAM) Coke, supplying to several leading ferrochrome manufacturers across the country. Its owned plant, located at Baramana, Jajpur, Odisha, has a capacity of 60,000 metric tonnes per annum (MTPA). The company also operates a second plant on a leased basis in Visakhapatnam, with a capacity of 18,000 MTPA. It is now proposing an expansion with an additional capacity of 34,400 MTPA at the available vacant land within its owned plant premises. As of 5 July 2025, the company had 65 employees on its payroll. The company recorded revenue from operations of Rs 201.51 crore and net profit of Rs 14.02 crore for the period ended 31 March 2025.