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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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 5399.39 | 5837.14 | 369.46 | 2350.21 | 1560.75 | 1976.17 |
| 31-Mar-21 | 5872.4 | 14075.89 | 523.07 | 2873.29 | 2083.83 | 1392.81 |
| 31-Mar-22 | 7378.59 | 18546.32 | 934.65 | 3807.94 | 3018.48 | 2515.81 |
| 30-Sep-22 | 9085.52 | 11182.43 | 681.74 | 4473.17 | 2696.89 | 1608.17 |
| Amount in ₹ Lakhs | ||||||
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
| 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 Size | 6,372,000 shares of ₹10 (aggregating up to ₹24.21 Cr) |
| Fresh Issue | 6,372,000 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 Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | HEM FINLEASE PRIVATE LIMITED |
| 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 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 |
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 |
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
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...
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)
| Category | Subscription (times) |
|---|---|
| NII | 255.92 |
| Retail | 159.85 |
| Total | 207.88 |
| Listing Date | Monday, January 16, 2023 |
| BSE Script Code | |
| NSE Symbol | CMNL |
| Listing In | |
| ISIN | INE06PV01010 |
| IPO Price | ₹38 per share |
| Face Value | ₹10 per share |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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