Nilachal Carbo Metalicks IPO: Check GMP, price tire and other details

Nilachal Carbo Metalicks has launched its RS 56.10 Crore IPO, which is open today for a subscription. The issue will be closed on 11 September and is proposed to mention on the BSE SME platform on 16 September. The company offers 66 Lakh shares, consisting of a new edition of 26 Lakh shares that merge into RS 22.10 Crore and an offer for sale of 40 Lakh shares of RS 34 Crore by existing shareholders.

IPO price
The IPO is priced at a fixed speed of RS 85 per share with a nominal value of RS 10. The party size for retail investors is 3,200 shares, which require a minimum investment of RS 2.72 LAKH.

Of the total issue, 47.5% of the shares are reserved for retail investors and 47.4% for non-institutional investors, with the rest for the market maker.

GMP
Marketworkers say that the Gray Market Premium (GMP) for Nilachal Carbo Metalicks is currently at zero. This suggests filled sentiment prior to the offer, whereby traders are not charged in any immediate premium in relation to the issue price.

Company background
Nilachal Carbo Metalicks based on Odisha is involved in the production of Low-Sash Metallurgical (Lamb) Cola. The product range includes Foundry-Grade Cola, blast furnace cocks, nut cookes and coke fines with low phosphorus, which are crucial for the steel and foundry industry.

Also read: 9 IPO’s opening This week see GMPs from 0 to 107%. Check on all expenses that the company manages a factory in Jajpur with three non-restoration, beehive-type Cola oven batteries, with a production capacity of 60,000 tons per year. It is also planning to expand the capacity by installing a new coke oven battery with 36 ovens in the Baramana facility, which will increase production to more than 94,000 MTPA.Financial
On Financial Front the company reported the turnover of RS 202.79 Crore in FY25, against RS 267.13 Crore a year earlier. The profit after tax was at RS 14.02 Crore, compared to RS 15.82 Crore in FY24.

The proceeds from the new issue will be used to finance capital expenditure for a new Cokesoven factory, modernization of the existing facility and general business purposes.

With the demand for metallurgical cola that is closely linked to the steel industry, Nilachal Carbo Metalicks positions itself as a reliable supplier for industrial customers. However, without a premium on the gray market, investors can be careful with mention wins in the short term.

The registrar for the IPO is Kfin Technologies and Sun Capital Advisory Services is the book runner.

(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)