Nilachal Carbo Metalicks Limited IPO
Incorporated in February 2003 as a private limited company and converted into a public limited company in February 2024, Nilachal Carbo Metalicks Limited (NCML) is engaged in the manufacturing of Low Ash Metallurgical (LAM) Coke, with a specialized focus on Ferro Alloy Grade Coke. Over the years, NCML has positioned itself as a key supplier to top Ferro Chrome manufacturers in India, building long-term customer relationships and a strong reputation for quality.
Business Model
Nilachal Carbo Metalicks operates on an integrated and flexible business model, combining owned manufacturing, leased capacity, and contract manufacturing tie-ups to optimize production and meet demand. The company generates revenue primarily through the sale of LAM Coke and byproducts (Coke Fines) to Ferro Alloy and steel producers, supported by its own logistics fleet for just-in-time deliveries. This model ensures scalability, cost efficiency, and long-term customer relationships.
Products: LAM Coke, Low Phosphorus Nut Coke, Ultra-Low Phosphorus Nut Coke and High-Grade Coke Fines.
Munifacturing Facilities
Company operates an owned plant at Baramana, Jajpur (96 ovens, 60,000 MTPA), a leased plant at Visakhapatnam (18 ovens, 18,000 MTPA), and has a 24,000 MTPA contract manufacturing tie-up with Om Avi Carbon Resources. The company is also adding a new battery of 36 ovens at Jajpur, which will boost its owned capacity to 94,400 MTPA and overall capacity to 1,12,400 MTPA.
Key Strengths
i) Strategic Manufacturing Locations – Proximity to ports and major ferro-alloy hubs provides strong logistical and market advantages.
ii) Experienced Promoter & Management Team – Led by Mr. Bibhu Datta Panda (MD) with 30+ years of industry experience, supported by a professional and motivated team.
iii) Excellence in High-Quality LAM Coke – Recognized for low ash, low phosphorus, and high CRI coke, ensuring superior alloy production.
iv) Established Byproduct Market – Strong demand for Coke Fines (Coke Breeze) from iron ore pellet makers, sintering plants, and steel producers.
v) Own Fleet for JIT Delivery – Dedicated transportation fleet ensures just-in-time deliveries, reducing delays and increasing customer satisfaction.
vi) Flexible Operations – Ability to customize coke quality and sizes to meet specific customer requirements in ferro-alloy smelting processes.
Objects of the Nilachal Carbo Metalicks Limited IPO:
Nilachal Carbo Metalicks Limited IPO Details:
Open Date: | Sep 08 2025 |
Close Date: | Sep 10 2025 |
Total Shares: | 66,00,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price |
Issue Size: | 56.10 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 85 Per Equity Share |
Listing At: | BSE SME |
Listing Date: | Sep 15 2025 |
Promoters And Management:
Financials of Nilachal Carbo Metalicks Limited IPO:
To be updated shortly
Comparison With Peers:
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