Chaman Metallics Limited IPO (Chaman Metallics IPO) Detail

Jan 4, 2023 - Jan 6, 2023

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

Objects of the Issue

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 Details

IPO Date Jan 4, 2023 to Jan 6, 2023
Listing Date Monday, January 16, 2023
Face Value ₹10 per share
Price ₹38 per share
Lot Size 3000 Shares
Issue Size6,372,000 shares of ₹10
(aggregating up to ₹24.21 Cr)
Fresh Issue6,372,000 shares of ₹10
(aggregating up to ₹24.21 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
P/E (x)7.22
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Company Promoters

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

Chaman Metallics IPO Tentative Timetable

Chaman Metallics IPO opens on Jan 4, 2023, and closes on Jan 6, 2023. The Chaman Metallics IPO bid date is from Jan 4, 2023 10.00 A.M. to Jan 6, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 4, 2023
Closing Date Jan 6, 2023
Basis of Allotment Jan 11, 2023
Initiation of Refunds Jan 12, 2023
Credit of Shares to Demat Jan 13, 2023
Listing Date Jan 16, 2023

Chaman Metallics IPO Lot Size

The Chaman Metallics IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

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

Chaman Metallics IPO Promoter Holding

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

Chaman Metallics IPO Review

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 Jan 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 Date

Listing Date Monday, January 16, 2023
BSE Script Code
Listing In
IPO Price ₹38 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Chaman Metallics Limited
A-26, M.I.D.C,
Tadali Growth Centre, Tadali,
Chandrapur, Maharashtra-442406
Phone: +91-771-4259100
Email: cs@cmlgrgroup.com
Website: http://www.cmlgrgroup.com/

Chaman Metallics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Chaman Metallics IPO Review

Chaman Metallics IPO Recommendation Summary

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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 Jan 4, 2023, and closes on Jan 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 Jan 4, 2023 and closes on Jan 6, 2023.

Chaman Metallics IPO lot size is 3000 Shares and the minimum order quantity is .

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 Jan 11, 2023, and the allotted shares will be credited to your demat account by Jan 13, 2023. Check the Chaman Metallics IPO allotment status.

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