Nilachal Carbo IPO Subscribed 1.29x on Day 1
Nilachal Carbo IPO was subscribed 1.29 times on the first day, September 8, 2025, by 5:00 PM.
Breakdown of subscriptions shows that the QIB portion remained unsubscribed, the NII portion was subscribed 1.86 times, and the Retail Investors’ portion stood at 0.71 times. Overall, the IPO received bids for 80,65,600 shares against 62,68,800 shares on offer on day one.
Established in 2003, Nilachal Carbo Metalicks Limited is a leading producer of high-quality, low-sulfur metallurgical coke. Its product range includes nut coke, blast furnace coke, foundry coke, and low-phosphorus coke fines, catering to various industrial applications.
The company operates a modern beehive-type coke oven battery facility at Chadheidhara, Jajpur, Odisha, with an annual production capacity of 60,000 MTPA. To expand its LAM Coke capacity by 34,400 MTPA—reaching 94,400 MTPA (or 1,12,400 MTPA including leased capacity)—it plans to add 36 new ovens at its Baramana, Jajpur plant. As of October 31, 2024, the company employed 67 staff members.
In FY 2025, the company reported revenue of ₹202.79 crores compared to ₹267.13 crores in FY 2024. Net profit stood at ₹14.02 crores in 2025, slightly lower than ₹15.82 crores in 2024.
As of Monday, September 8, 2025, the Grey Market Premium (GMP) was ₹0. This means the IPO was trading at ₹85 in the grey market, equal to its issue price of ₹85.
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