Chaman Metallics Limited, established in 2003, is a prominent player in the manufacturing and sale of Direct Reduced Iron (commonly known as sponge iron). Sponge iron serves as a vital raw material for steel production in electric arc furnaces and induction furnaces.
Dedicated to maintaining exceptional standards, Chaman Metallics has earned prestigious certifications, including ISO 9001:2015 for superior management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency.
Situated in Chandrapur, Maharashtra, the company’s state-of-the-art manufacturing unit spans approximately 63 acres of land. With two Rotary kilns, the unit’s current capacity stands at 72,000 MT (2 X 100 MTPD) for sponge iron production, as of March 31, 2022.
Chaman Metallics primarily caters to customers in Maharashtra, Odisha, and Chhattisgarh. Some of its esteemed clients include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, and Gajkesari Steels & Alloys Pvt. Ltd, among others.
The company prides itself on various competitive strengths, such as:
- Strategically Located Manufacturing Unit: The company’s manufacturing facility is strategically situated, facilitating efficient distribution and supply chain management.
- Stringent Quality Control Mechanism: Chaman Metallics places significant emphasis on maintaining consistent and standardized product quality through rigorous quality control processes.
- Long-Standing Customer Relationships: Over the years, the company has fostered enduring relationships with its customers, reflecting its commitment to exceptional service and reliability.
- Well-Qualified and Experienced Management Team: With a seasoned and knowledgeable management team at the helm, Chaman Metallics benefits from sound decision-making and expertise in the industry.
Chaman Metallics Limited continues to uphold its reputation as a leading player in the sponge iron manufacturing sector, guided by a focus on excellence and customer satisfaction.
Stock Quote #
- Open: ₹62.00
- High – Low: ₹63.00 – ₹61.00
- Previous Close: ₹61.80
- Total Traded Value: 57,000
- Updated On: Jul 31, 2023 4:00 PM
Chaman Metallics IPO Details #
Chaman Metallics IPO is a Fixed Price Issue. The IPO total issue size is Rs 24.21 Cr. The Chaman Metallics IPO price is ₹38 per share. The IPO will list on NSE SME.
| IPO Date | Jan 4, 2023 to Jan 6, 2023 |
| Listing Date | Jan 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,372,000 shares (aggregating up to ₹24.21 Cr) |
| Fresh Issue | 6,372,000 shares (aggregating up to ₹24.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 324,000 shares Hem Finlease |
Chaman Metallics IPO Reservation #
Chaman Metallics IPO a total of 6,372,000 shares are offered. RII: 3,024,000 (47.46%), NII: 3,024,000 (47.46%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 324,000 (5.08%) |
| Other Shares Offered | 3,024,000 (47.46%) |
| Retail Shares Offered | 3,024,000 (47.46%) |
| Total Shares Offered | 6,372,000 (100%) |
Chaman Metallics IPO Timetable (Tentative) #
Chaman Metallics IPO opens on Jan 4, 2023, and closes on Jan 6, 2023.
| IPO Open Date | Wednesday, 4 January 2023 |
| IPO Close Date | Friday, 6 January 2023 |
| Basis of Allotment | Wednesday, 11 January 2023 |
| Initiation of Refunds | Thursday, 12 January 2023 |
| Credit of Shares to Demat | Friday, 13 January 2023 |
| Listing Date | Monday, 16 January 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jan 6, 2023 |
Chaman Metallics IPO Lot Size #
The minimum lot size of this Chaman Metallics IPO is 3000 shares required is ₹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 |
| 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.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
Company Financials #
| 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 | ||||||
Key Performance Indicator #
Chaman Metallics IPO Market Cap is Rs 91.71 Cr and P/E (x) is 6.73.
| KPI | Values |
|---|---|
| P/E (x) | 6.73 |
| Market Cap (₹ Cr.) | 91.71 |
Objects of the Issue #
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
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)
| Category | Subscription (times) |
|---|---|
| Other | 255.92 |
| Retail | 159.85 |
| Total | 207.88 |
Chaman Metallics IPO Prospectus #
Chaman Metallics IPO Listing Details #
| Listing Date | Jan 16, 2023 |
| BSE Script Code | |
| NSE Symbol | CMNL |
| ISIN | INE06PV01010 |
| Final Issue Price | ₹38 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹38.00 |
| ₹68.00 |
| ₹64.60 |
| ₹68.00 |
| ₹64.60 |
Check IPO Performance…
Company Contact Information #
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 #
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Chaman Metallics IPO Lead Manager(s) #
FAQs #
When does the Chaman Metallics IPO open and close? #
The Chaman Metallics IPO opens on January 4, 2023, and closes on January 6, 2023.
What is the IPO price of Chaman Metallics? #
The IPO price of Chaman Metallics is ₹38 per equity share.
What is the lot size for Chaman Metallics IPO? #
The lot size for Chaman Metallics IPO is 3000 shares.
How can retail investors apply for Chaman Metallics IPO? #
Retail investors can apply for Chaman Metallics IPO shares online through banks using ASBA (Application Supported by Blocked Amount) or through a broker using UPI (Unified Payments Interface).
What is the IPO subscription status of Chaman Metallics? #
As of the provided date, the subscription status of Chaman Metallics IPO is as follows: Qualified Institutional Buyers (QIB): 255.92 times oversubscribed Non-Institutional Investors (NII): 159.85 times oversubscribed Retail Individual Investors (RII): 207.88 times oversubscribed
When will the basis of allotment for Chaman Metallics IPO be finalized? #
The basis of allotment for Chaman Metallics IPO will be finalized on January 11, 2023.
What is the listing date of Chaman Metallics IPO? #
The listing date for Chaman Metallics IPO is January 16, 2023.
What is the listing exchange for Chaman Metallics IPO? #
Chaman Metallics IPO will be listed on NSE SME (National Stock Exchange – Small and Medium Enterprises platform). [1]
Where can I check the Chaman Metallics IPO allotment status? #
You can check the Chaman Metallics IPO allotment status on the official website of the registrar or on the NSE website.
What are the objectives of Chaman Metallics IPO? #
The objectives of Chaman Metallics IPO are to meet working capital requirements, fund working capital needs, and meet issue expenses.
Please note that the provided information is based on the data available, and is subject to change. For the latest and most accurate information, it is always recommended to refer to the official sources and the prospectus of the IPO.
