What is Nilachal Carbo Metalicks IPO GMP Today?
For investors tracking upcoming offerings, the Grey Market Premium (GMP) is a quick indicator of market sentiment. However, since the Nilachal Carbo Metalicks IPO is a fixed-price issue, its GMP is less of a factor. The price is set at ₹85.00 per share, so there's no price band to gauge. As of today, the GMP is reportedly zero, suggesting no immediate listing gain is expected. This means investors should focus on the company's long-term fundamentals rather than short-term returns.
A Look at the Business: Nilachal Carbo Metalicks
Nilachal Carbo Metalicks Limited (NCML), founded in 2003, is a specialized manufacturer of Low Ash Metallurgical (LAM) Coke. Their business model is built around a specific niche in the metallurgical industry, catering to the needs of ferro-alloy, foundry, and steel manufacturers. They produce high-quality, low-phosphorus coke, which is a critical raw material for these industries.
The company operates with a flexible business model that combines owned manufacturing facilities, leased capacity, and contract manufacturing tie-ups. This allows them to scale production to meet customer demand efficiently. A significant portion of their revenue, over 77% on average over the last three fiscal years, comes from a limited number of top customers, a key factor for investors to note. The company is strategically located near major steel hubs in Odisha and has its own fleet of vehicles for just-in-time (JIT) delivery.
Factual Data at a Glance:
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Total IPO Size: A fixed-price issue of ₹56.10 crores. This includes:
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A fresh issue of 0.26 crore shares, raising ₹22.10 crores.
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An offer for sale (OFS) of 0.40 crore shares, amounting to ₹34.00 crores.
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IPO Dates: The subscription window opened on September 8, 2025, and closes on September 11, 2025.
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Listing Timeline: Allotment is expected on September 12, 2025, with a tentative listing date of September 16, 2025, on the BSE SME platform.
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Price: The fixed price is ₹85.00 per share.
Financial Performance: A Look at the Numbers
A key factor in evaluating any IPO is the company's financial health. Nilachal Carbo Metalicks has shown a recent decline in its top and bottom lines, a factor that makes this IPO an interesting case study.
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Revenue from Operations: The company's revenue decreased by over 24% from ₹265.10 crore in FY24 to ₹201.52 crore in FY25.
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Profit After Tax (PAT): PAT also dropped by over 11% from ₹15.81 crore in FY24 to ₹14.01 crore in FY25.
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Key Ratios:
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Return on Net Worth (RoNW): Averaged 22.25% over the last three fiscals.
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Return on Capital Employed (RoCE): Stood at 22.74% in FY25.
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The IPO proceeds from the fresh issue will be used to fund capital expenditure for a new coke oven plant and modernize the existing facility, which is aimed at improving future performance.
Investment Details:
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Price per share: The fixed price is ₹85.00.
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Lot Size for Application: The lot size is 1,600 shares.
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Minimum Retail Investment: Retail investors must invest a minimum of ₹1,36,000.
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HNI Lot Size: HNI investors must bid for a minimum of 3 lots (4,800 shares), amounting to ₹4,08,000.
