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Chaman Metallics Limited IPO (Chaman Metallics IPO) Detail

January 4, 2023 - January 6, 2023

Chaman Metallics IPO is a fixed price issue of Rs 24.21 crores. The issue is entirely a fresh issue of 63.72 lakh shares.

Chaman Metallics IPO bidding started from January 4, 2023 and ended on January 6, 2023. The allotment for Chaman Metallics IPO was finalized on Wednesday, January 11, 2023. The shares got listed on NSE SME on January 16, 2023.

Chaman Metallics IPO price is ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.

Hem Securities Limited is the book running lead manager of the Chaman Metallics IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Chaman Metallics IPO is Hem Finlease.

Refer to Chaman Metallics IPO RHP for detailed information.

Chaman Metallics IPO Details

IPO Date January 4, 2023 to January 6, 2023
Listing Date January 16, 2023
Face Value ₹10 per share
Price ₹38 per share
Lot Size 3000 Shares
Total Issue Size6,372,000 shares
(aggregating up to ₹24.21 Cr)
Fresh Issue6,372,000 shares
(aggregating up to ₹24.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion324,000 shares
Hem Finlease

Chaman Metallics IPO Reservation

Chaman Metallics IPO offers 6,372,000 shares. 3,024,000 (47.46%) to NII, 3,024,000 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered324,000 (5.08%)
Other Shares Offered3,024,000 (47.46%)
Retail Shares Offered3,024,000 (47.46%)
Total Shares Offered6,372,000 (100%)

Chaman Metallics IPO Timeline (Tentative Schedule)

Chaman Metallics IPO opens on January 4, 2023, and closes on January 6, 2023.

IPO Open Date Wednesday, January 4, 2023
IPO Close Date Friday, January 6, 2023
Basis of Allotment Wednesday, January 11, 2023
Initiation of Refunds Thursday, January 12, 2023
Credit of Shares to Demat Friday, January 13, 2023
Listing Date Monday, January 16, 2023
Cut-off time for UPI mandate confirmation 5 PM on January 6, 2023

Chaman Metallics IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹114,000
Retail (Max) 1 3000 ₹114,000
HNI (Min) 2 6,000 ₹228,000
Lot Size Calculator

Chaman Metallics IPO Promoter Holding

Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited, and N.R. Sponge Private Limited are the promoters of the Company.

Share Holding Pre Issue 100.00%
Share Holding Post Issue 73.60%

About Chaman Metallics Limited

Incorporated in 2003, Chaman Metallics Limited is primarily engaged in the business of manufacturing and selling of Direct Reduced Iron (i.e. sponge iron). Sponge iron is mainly used as a raw material for making steel in electric arc furnaces and induction furnaces.

Chaman Metallics has been granted ISO 9001:2015 for its superior management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency.

The company manufacturing unit is based in Chandrapur, Maharashtra. The manufacturing facility is spread across an area of around 63 acres of land. The unit has a capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron through two Rotary kilns as of March 31, 2022.

The company sell its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. Some of the company's customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt. Ltd etc.

Some of the competitive strengths, Chaman Metallics is proud of, are:

  1. Strategically located manufacturing unit
  2. Stringent quality control mechanism ensuring standardized product quality
  3. Long-standing relationship with our customers
  4. Well Qualified and Experienced Management Team

Company Financials

Chaman Metallics Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Chaman Metallics IPO is Rs 91.71 Cr.

Pre IPO Post IPO
P/E (x) 6.73

Objects of the Issue (Chaman Metallics IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objectives: -

  1. To meet Working Capital requirements
  2. General Corporate Purpose
  3. To meet issue expenses

Chaman Metallics IPO Review (Apply)

[Dilip Davda]  The company is engaged in the manufacturing and marketing of sponge iron which is a highly competitive segment with many big players. Based on its recent financial data, the issue is lucratively priced. Investors may consider an investment with a medium to long-term perspective. Read detail review...

Chaman Metallics IPO Subscription Status (Bidding Detail)

The Chaman Metallics IPO is subscribed 207.88 times on January 6, 2023 7:00:00 PM. The public issue subscribed 159.85 times in the retail category, times in the QIB category, and 255.92 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Chaman Metallics IPO Prospectus

Chaman Metallics IPO Rating

Rating:Rated 4.2 stars
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Chaman Metallics IPO Listing Details

Listing Date January 16, 2023
BSE Script Code
Final Issue Price ₹38 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Chaman Metallics Limited Contact Details

Chaman Metallics Limited
A-26, M.I.D.C,
Tadali Growth Centre, Tadali,
Chandrapur, Maharashtra-442406
Phone: +91-771-4259100

Chaman Metallics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Chaman Metallics IPO - Buy or Not

Chaman Metallics IPO Recommendation Summary

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Members 2 0 0

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Chaman Metallics IPO FAQs

Chaman Metallics IPO is a SME IPO of 6,372,000 equity shares of the face value of ₹10 aggregating up to ₹24.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.

The IPO opens on January 4, 2023, and closes on January 6, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Chaman Metallics IPO using UPI as a payment gateway. Zerodha customers can apply in Chaman Metallics IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Chaman Metallics IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Chaman Metallics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Chaman Metallics IPO opens on January 4, 2023 and closes on January 6, 2023.

Chaman Metallics IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.

You can apply in Chaman Metallics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Chaman Metallics IPO will be done on Wednesday, January 11, 2023, and the allotted shares will be credited to your demat account by Friday, January 13, 2023. Check the Chaman Metallics IPO allotment status.

The Chaman Metallics IPO listing date is on January 16, 2023.
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Chaman Metallics IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



633. SSingh |   Link |  Bookmark |February 28, 2023 2:33:34 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Discipline in stock market is important. No regrets as all decisions have been mine only.
Dont panic as this is just an update.
Please don’t get influenced by this. This is a fundamentally good stock but it just crosses my SL hence I had to take the hard decision.
Thanks 🙏🏻
633.4. Imhilli |   Link |  Bookmark |February 28, 2023 6:48:22 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Singh saab, how many lots you had, have you exited full or partly?
633.5. SSingh |   Link |  Bookmark |February 28, 2023 8:38:08 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
I had 1 allotment lot and 1 purchased at ₹58.05 (Bought after several years, never buy SMEs. Only hold allotment of Good companies with very strict stop losses) so had an average around ₹48. Exited fully at ₹48.5 (approx average). As ₹48 was my SL.
Hope this help. 🙏🏻🙏🏻
632. Ajay Khosla |   Link |  Bookmark |February 28, 2023 1:09:47 PM
Just seeing the name of Hem Securities proved disaster for some people. Baheti industries, KN Agri, Chaman, Eighty Jewellers, Kesar India, Vedant asset all proved disastrous for the investors and Hem was just a spectator.
So, in all, as IPO share said, that after listing whether its Hem or any other LM, don't think that they will come to the rescue of the investors.
I am too much distraught by Hem securities.
632.4. Imhilli |   Link |  Bookmark |February 28, 2023 6:41:28 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Can anyone explain me, what is the role of LM and market maker post listing? Are they expected to maintain the listing price so that all time low never cross it? Or they need to justify the price band so that the price, post listing, doesn't fall below it? I believe in the second one. I think, credibility of the LM is proven, once the script list positive and maintains over and above that for a prolonged period.
632.5. IPO VALSAD |   Link |  Bookmark |February 28, 2023 8:36:14 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
LM ka role sirf or sirf listing tak hi hota he... Uske baad promoters hi share ko upr le jaate he... Hem sec. Ne 90,000 per lot banake diye... Usne apna kaam achhe se kiya... Buy after listening only if you have faith in promoters that they are strong enough to push company's share price up ...
631. Gaurav DD dimer |   Link |  Bookmark |February 28, 2023 6:04:35 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Another order awarded by Chaman under its expansion Plan.

Working aggressively for its expansion. Hold tightly for 1 Year minimum.
631.1. GuruMahadev |   Link |  Bookmark |February 28, 2023 6:41:14 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Gaurav. Hope for the best,
630. VIKKIJOHN |   Link |  Bookmark |February 28, 2023 6:41:52 AM
Whether this is correct time to buy Rbminfra?
As it shows 7 crore profit whether it will go upto 150 and above ?
630.1. Gaurav DD dimer |   Link |  Bookmark |February 28, 2023 9:40:21 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Right time to buy - Can't say, as per market condition right now.

Possibility of target 150 - Yes, if it shows profit of 7 crores as expected. (7 crores figure is for full years not 6 months)
630.2. Gaurav DD dimer |   Link |  Bookmark |February 28, 2023 9:50:51 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
And In every 6 Months stock exchange review the lot size for stock.

So if it won't fall, then their is chances of reducing lot size in 6 months from listing, which further help in moving up of stock.

However before that, major event is result.
629. ipo share |   Link |  Bookmark |February 27, 2023 2:16:10 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
चमन उजड़ गया और अर्थस्थल ज़मीन पर गिर गया है। हे हेम तुम कहां हो? चमन को खिलाओ और अर्थस्थल को उठाओ।
628. crsl |   Link |  Bookmark |February 27, 2023 12:29:12 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

Another fresh all time low
47.50 -2.10 (-4.23%)

627. ipo share |   Link |  Bookmark |February 26, 2023 11:01:05 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
Chaman has awarded order for expansion project:-

627.2. AnjumA |   Link |  Bookmark |February 27, 2023 12:49:01 PM
Good news se kuch nahi hota yahan. All E tec profit up 92% but its price is going down.
So all those are hoping that April mein results ke baad iske price increase honge, I have serious doubt.
At this point of time original allotee should take the profit.
IMO below 50 is dangerous. This now in trading range of 45-50, may be by next week 40-45..............
627.3. Imhilli |   Link |  Bookmark |February 27, 2023 12:49:12 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
I feel the stock has corrected enough for taking fresh entry. But the operators are still playing to turn it down to such a level where small retailers will lose their hope and will start panic selling. Even the people who has bought in bulk in 65-67 are also in wait and watch mode now. It's really interesting to see how long the corrections goes on. I am holding it tight. Let's see.
626. Gaurav DD dimer |   Link |  Bookmark |February 26, 2023 5:19:23 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
Chaman awarded order to ashwini engineering under expansion project.
626.1. GuruMahadev |   Link |  Bookmark |February 26, 2023 6:41:43 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Invest for the long haul. Don’t get too greedy and don’t get too scared. - Shelby M.C. Davis............ Chaman will move never loss hope's on this dark horse...Look at all multibaggar in metal ( Rhetan moving towards 500 even after bonus shares)... One thing for sure once it's started moving towards uptrend it will never allow small retailers to enter....
625. MohammadSadik |   Link |  Bookmark |February 25, 2023 6:13:05 PM
Fundamentals didn't change in fact it will improve looking at aggressive expansion plans of company. Investor mindset se dekho to it is best buy amongst recently listed SMEs. Trader mindset se dekhe to kuch hath nahi lagna he.
624. crsl |   Link |  Bookmark |February 24, 2023 11:07:26 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

New all time low
Trading below 50

624.1. Kapz |   Link |  Bookmark |February 24, 2023 12:31:28 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@crsl bhai, calling below 50 an all time low for just a month old listing seems slightly misplaced. Had it been listed for a while then calling it all time low may justify, but just over a month is too quick to label it that way, as by that standards, the IPO price of 38 should be ATL.
Just a viewpoint, to not say it in a manner that may trigger panic.
Hope you don’t take offence in it. 🙏
623. Shanky Royal |   Link |  Bookmark |February 24, 2023 12:24:16 PM
Log iss ummid m baithe h k jab ye ghumega tab le lenge... Tab operator isse waha le jaynge k chaman.. Sapna ban jayega. To isse phle ya to sale kar do ya bilkul rigid rho.. Naak jamin m lagne tak...
622. Shanky Royal |   Link |  Bookmark |February 24, 2023 11:02:36 AM
Chaman ki halat dekh k aaj.. I m happy that i sold out @55.. Pathetic hopeless share
621. Mr.Investor |   Link |  Bookmark |February 23, 2023 1:18:24 PM (200+ Posts)
@SSingh sir @Mravi sir @Imhilli @Gurumahadev sir @GauravDDDimer sir @iposhare sir @Noorul sir @JJ GARVI sir and other senior members.
Are you guys following any stoploss? And what would you advice newbies in Sme segment?. I don't mind holding but just want to know senior members' opinion.
621.18. Mr PERSEVERE |   Link |  Bookmark |February 28, 2023 6:30:15 PM
@GuruMahadev if in any chance you are trying to manipulate here, you are clearly winning.
621.19. GuruMahadev |   Link |  Bookmark |February 28, 2023 6:53:00 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@Mr PERSEVERE. I'm into hard-core research background, especially when it comes to statistics and numbers I'm ready to answer any sort of questions you raise. for your kind information in my personal money running algorithms in High-end servers. 'N' number of algorithm's, Macro economics parameters... Each setup have hell lot of codes... Mark my words after sometime you will reply in the same Message chain with thanks. My All time famous tag line in Analytics "In God we trust. All others must bring data."..........
620. Mr PERSEVERE |   Link |  Bookmark |February 21, 2023 2:24:36 PM
Honestly what a waste of money and time
620.9. Ajay Khosla |   Link |  Bookmark |February 23, 2023 1:36:38 PM
Earthstahl as well as CMNL-Both have hit new lows.
I hope Hem sec doesn't loose its sheen soon.
620.10. ipo share |   Link |  Bookmark |February 23, 2023 9:29:00 PM
IPO Guru IPO Guru (1500+ Posts, 700+ Likes)
@Ajay Khosla
Recent downfall in Chaman and Earthsthal has definitely shaken the confidence of retail investors in Hem Securities. Instead of SME, investors used to see the name of Hem and feel confident. Hope, their prices recover soon and don't further dent the image of Hem and confidence of investors.
619. GuruMahadev |   Link |  Bookmark |February 21, 2023 9:10:05 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Brough one lot pre-open.
619.1. GuruMahadev |   Link |  Bookmark |February 21, 2023 9:11:05 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Wrong window - It's Lead reclaim
618. ओम |   Link |  Bookmark |February 20, 2023 6:14:23 PM
Bulk deal
Vinod somani. 126000
58.60 nse
618.1. Gaurav DD dimer |   Link |  Bookmark |February 21, 2023 7:33:52 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
His average Cost is 61.71, considering Previous Buy.
617. SwingKing |   Link |  Bookmark |February 20, 2023 7:04:32 AM
Holding 6 lots with an average price of 62. Expecting a target of 110-115 after half yearly result for March 2023. Is there a high possibility of this..?
Experts please guide if this seems possible..
617.1. Imhilli |   Link |  Bookmark |February 20, 2023 2:06:26 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Aachhe din ayega... don't worry... patience is the 🔑.
616. WealthyRam |   Link |  Bookmark |February 20, 2023 8:48:41 AM
finally some serious action with buying interest - lets where its heading
616.4. A prem |   Link |  Bookmark |February 20, 2023 10:14:10 AM
616.5. Imhilli |   Link |  Bookmark |February 20, 2023 2:03:40 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
One more 20%circuit is required to break it to lower one. 20% circuit me khela khelna difficult hay, especially when the volumeis large... today again it has been proven.
615. SSingh |   Link |  Bookmark |February 20, 2023 11:22:47 AM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Adjustment of profits between traders.
Those who deal in finances are surely understanding what's happening! :)
615.1. A prem |   Link |  Bookmark |February 20, 2023 11:43:27 AM
Sir any positive, negative sign or just a normal scenario
615.2. SSingh |   Link |  Bookmark |February 20, 2023 12:27:30 PM
IPO Guru IPO Guru (1400+ Posts, 800+ Likes)
Normal. Nothing to worry.
614. VIKKIJOHN |   Link |  Bookmark |February 19, 2023 2:51:56 PM
What will happen next week?.
Anybody excited?
Next week is crucial ( full up or full down) for Chaman.