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.
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.
Chaman Metallics has been granted ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems and ISO 45001:2018 for occupational health and safety management systems.
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.
Chaman Metallics IPO – Details
| IPO Opening Date | 04 January 2023 |
| IPO Closing Date | 06 January 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 63,72,000 shares Worth ₹24.21 Crore |
| Fresh Issue | 63,72,000 shares Worth ₹24.21 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹38 |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Chaman Metallics IPO – Date Schedule
| IPO Open Date | 04 January 2023 |
| IPO Close Date | 06 January 2023 |
| Basis of Allotment | 11 January 2023 |
| Initiation of Refunds | 12 January 2023 |
| Credit of Shares to Demat Account | 13 January 2023 |
| IPO Listing Date | 16 January 2023 |
Chaman Metallics IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 3000 | 1,14,000 |
| Maximum | 1 | 3000 | 1,14,000 |
Competitive Strengths
- Strategically located manufacturing unit.
- Stringent quality control mechanism ensuring standardized product quality.
- Long standing relationship with their customers.
- Well Qualified and Experienced Management Team.
Company Promoters
- Chetan Agrawal
- Keshav Kumar Agrawal
- G.R. Sponge and Power Limited
- N.R. Sponge Private Limited
Object Of The Issue
- To meet Working Capital requirements.
- General corporate purpose.
- To meet issue expenses.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 58.37 | 60.18 | 3.69 |
| 31 March 2021 | 140.75 | 133.33 | 5.23 |
| 31 March 2022 | 185.46 | 172.91 | 9.34 |
| 30 September 2022 | 111.82 | 102.88 | 6.81 |
Chaman Metallics IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
Chaman Metallics IPO Prospectus
Company Contact Information
| Chaman Metallics Limited A-26, M.I.D.C, Tadali Growth Centre, 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 Lead Manager(s)
| 1. Hem Securities Limited |
Chaman Metallics IPO FAQs
| What is Chaman Metallics IPO? Chaman Metallics IPO is a SME IPO. The issue is priced at ₹38 per equity share. The IPO is to be listed on NSE SME. |
| When Chaman Metallics IPO will open? The IPO is to open on 04 January 2023 for NII and Retail Investors. |
| What is Chaman Metallics IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Chaman Metallics IPO? You can apply Chaman Metallics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chaman Metallics IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chaman Metallics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chaman Metallics IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chaman Metallics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Chaman Metallics IPO Size? Chaman Metallics IPO size is ₹24.21 crores. |
| What is Chaman Metallics IPO Price Band? Chaman Metallics IPO Price Band is ₹38. |
| What is Chaman Metallics IPO Minimum and Maximum Lot Size? The minimum bid is 3000 Shares with ₹1,14,000 amount while the maximum bid is 3000 shares with ₹1,14,000. |
| What is the Chaman Metallics IPO Allotment Date? Chaman Metallics IPO allotment date is 11 January 2023. |
| What is the Chaman Metallics IPO Listing Date? Chaman Metallics IPO listing date is 16 January 2023. The IPO is to list on NSE SME. |
