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Nilachal Carbo Metalicks Ltd
Mining & Mineral productsIPOSME
₹85 - 85
The Company was incorporated in 2003 and engaged in manufacturing of Low Ash Metallurgical ("LAM") Coke and selling to most of the top ferro chrome manufacturers in the country. Its owned Plant is located at Baramana, Jajpur, Odisha has capacity of 60,000 Metric Tonnes Per Annum (MTPA). Our second Plant on leased basis at Visakhapatnam, has capacity of 18,000 MTPA. Now, the company is proposing an expansion of additional capacity of 34,400 MTPA at its owned existing vacant land available at its owned Plant.
Lot1,600Min Invest₹2,72,000Face Value₹10Issue Size₹56 CrFresh Issue₹22 CrOffer for Sale₹34 CrListing Price₹68CMP₹101
Timeline
8 Sept
Bidding opens
11 Sept
Bidding closes
12 Sept
Allotment
15 Sept
Refund & demat credit
16 Sept
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹56 Cr0.66 Cr shares
Fresh Issue₹22 Cr
Offer for Sale₹34 Cr
Face Value₹10
Lot Size1,600 shares
ReservationNII 49.97% · RETAIL 50.03%
Application Sizes
Retail₹2,72,0001-1 lots
sNII₹2,72,000from 2 lots
bNII₹10,88,000from 8 lots
Managers & Registrar
Lead ManagerSun Capital Advisory Services Private Limited
RegistrarKFin Techologies Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrKajal Fashionwear Agency Private LimitedPRMTR40,00,00034.00Total40,00,00034.00
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%73.52%Public0.01%26.48%
Objects of the Issue
- Funding Capital expenditure for installing One Coke Oven Plant for expansion of capacity
- Funding modernization of existing plant
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 266 | 265 | 202 | 200 |
| Operating ProfitCr | 20 | 23 | 26 | 21 |
| OPM% | 7.5 | 8.7 | 12.8 | 10.7 |
| PBTCr | 15 | 16 | 19 | 15 |
| PATCr | 15 | 16 | 14 | 11 |
| EPS | 7 | 7 | 6 | 4 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 22 | 22 | 22 | 25 |
| ReservesCr | 26 | 42 | 56 | 84 |
| BorrowingsCr | 19 | 26 | 24 | 39 |
| Total AssetsCr | 93 | 114 | 123 | 168 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -16 | 0 | -2 | -32 |
| Investing Cash FlowCr | -4 | -9 | 1 | 0 |
| Financing Cash FlowCr | 5 | 2 | -2 | 37 |
| Net Cash FlowCr | -16 | -6 | -3 | 4 |
Strengths & Risks
Strengths · as stated in the DRHP
- Strategic Location of Manufacturing Facilities.
- Experienced Promoter and Management Team.
- Excellence in Producing High-Quality LAM Coke.
- Established customer base for Products and by product.
- Own Fleet for Just-In-Time (JIT) delivery.
- Strong existing client relationship.
Strategies · as stated in the DRHP
- Enhancing the Current Production Facility.
- Continue Improvement in Operational Efficiency.
- Sales and Marketing Strategy.
- Fixed Operating Cost.
- Sustainability Initiatives.
Risks · as stated in the DRHP
- If the supply chain of raw materials is disrupted due to price volatility or changes in government regulations, it could significantly impact its business operations, potentially affecting our ability to meet customer demands and leading to adverse financial consequences for the company.
- The company's business is inherently working capital-intensive. Should the company encounters insufficient cash flows from its operations or face challenges in securing borrowing to meet the company's working capital needs, it could materially and adversely impact its business operations and financial results.
- The company's business is dependent on its manufacturing units and the company is subject to certain risks in the company's manufacturing process. Any slowdown or shutdown in the company's manufacturing operations or underutilization of its manufacturing units could have an adverse effect on the company's business, results of operations and financial condition.
- Any failures in the company's quality control processes may adversely affect its business, results of operations and financial condition. The company may faces product liability claims and legal proceedings if the quality of its product does not meet the company's customers' expectations.
- The company's manufacturing capacity could be significantly impacted if the company is unable to maintain or renew its lease agreement for the Vishakhapatnam unit, which is owned by a third party. Should the company fails to secure a renewal of this lease, it could adversely affect its business operations, revenue generation, and distribution channels.
- The company's business is highly dependent on the ferroalloy industries and is exposed to cyclical demand fluctuations in these sectors, which may materially affect its revenue, profitability, and financial condition. Further, the company derives a significant portion of its revenues from a limited number of customers. The loss of any significant clients may have an adverse effect on the company's business, financial condition, results of operations, and prospects.