Chaman Metallics Limited IPO (Chaman Metallics IPO)

Chaman Metallics Limited IPO
Upcoming Chaman Metallics IPO | New Chaman Metallics IPO

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

Chaman Metallics IPO – Details

IPO Opening Date04 January 2023
IPO Closing Date06 January 2023
Issue TypeFixed Price Issue IPO
Issue Size63,72,000 shares Worth ₹24.21 Crore
Fresh Issue63,72,000 shares Worth ₹24.21 Crore
Face Value₹10 per equity share
IPO Price₹38
Market Lot3000 Shares
Min Order3000 Shares (1 Lot)
Listing AtNSE SME
RegisterLink Intime India Private Ltd
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Chaman Metallics IPO – Date Schedule

IPO Open Date04 January 2023
IPO Close Date06 January 2023
Basis of Allotment11 January 2023
Initiation of Refunds12 January 2023
Credit of Shares to Demat Account13 January 2023
IPO Listing Date16 January 2023

Chaman Metallics IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

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.
Chaman Metallics IPO
Issue Object

Company Financials

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 202058.3760.183.69
31 March 2021140.75133.335.23
31 March 2022185.46172.919.34
30 September 2022111.82102.886.81
Amount in ₹ Crore

Chaman Metallics IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.60%

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

Chaman Metallics IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Chaman Metallics IPO Lead Manager(s)

1. Hem Securities Limited

Chaman Metallics IPO FAQs

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.
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