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Home IPO

Chaman Metallics IPO: GMP, Date, Price, Review, and Allotment

by Suraj Borade
January 2, 2023
in IPO
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Chaman Metallics Limited IPO
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Chaman Metallics IPO: GMP, Date, Price, Review, and Allotment

Chaman Metallics Limited IPO

Chaman Metallics Limited, which was founded in 2003, specializes in the production and distribution of direct reduced iron (i.e. sponge iron). The primary application of sponge iron is in steel production, where it is utilized in electric arc and induction furnaces.

The management systems at Chaman Metallics have been recognized with the International Organization for Standardization (ISO) 9001:2015, ISO 14001:2015, and OHSAS 18001:2018 awards.

Our factory is located in Chandrapur, Maharashtra. About 63 acres of land are devoted to the factory’s use. As of March 31, 2022, the facility can produce sponge iron at a rate of 72,000 MT (2 X 100 MTPD) using two Rotary kilns.

In India, the states of Maharashtra, Odisha, and Chhattisgarh account for the bulk of the company’s product sales. Customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt Ltd, etc.

Chaman Metallics takes pride in many things, but here are a few of our competitive advantages:

  • The manufacturing unit is in a good place
  • A strict quality control system that makes sure all products are the same quality
  • Our customers have been with us for a long time.
  • Team of Managers with the Right Skills and Experience

Goals of the Debate

The company plans to use the money from the Issue to accomplish the following goals:

  1. To have enough money for working capital
  2. General Business Goals
  3. To meet issue expenses

 

Chaman Metallics IPO Details

IPO Date Jan 4, 2023 to Jan 6, 2023
Listing Date [.]
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
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 Limited IPO Report on the finances of Chaman Metallics Company

₹ in Crores
Year Revenue Expense PAT
2020 ₹58.37 ₹60.19 -₹1.81
2021 ₹140.76 ₹133.34 ₹6.95
2022 ₹185.46 ₹172.91 ₹12.55
2023 6M ₹111.82 ₹102.89 ₹8.93

IPO Market Lot Chaman Metallics

The minimum market lot for Chaman Metallics’ IPO is 3000 shares, which costs 114,000.

Application Lot Size Shares Amount
Retail Minimum 1 3000 ₹114,000
Retail Maximum 1 3000 ₹114,000
S-HNI Minimum 2 6000 ₹228,000

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

Lot Size for Chaman Metallics IPO

The size of an IPO lot for Chaman Metallics is 3000 shares. A retail investor can request up to 1 lot, which is 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%

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: FAQ 

Q: What is an IPO for Chaman Metallics?
Chaman Metallics’ initial public offering (IPO) is an SME IPO with 6,372,000 equity shares with a face value of 10 each, for a total of 24.21 crores. The price per share is 38 pounds. The minimum number of shares you can order is 3000.

The IPO starts trading on January 4, 2023 and ends on January 6, 2023.

The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on NSE SME.

Q: When will Chaman Metallics go public?
The IPO for Chaman Metallics starts on January 4, 2023, and ends on January 6, 2023.

Q: How do I apply for an IPO from Chaman Metallics?
You can sign up for the Chaman Metallics IPO online and pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Q: When did Chaman Metallics go public?
The Basis of Allotment for Chaman Metallics IPO will be finalized on January 11, 2023, and the allotted shares will be credited to your Demat account by January 13, 2023. Check on the status of the Chaman Metallics IPO allotment.

Q: When does Chaman Metallics go public?
The date for Chaman Metallics to go public has not yet been set. Chaman Metallics is likely to go public on January 16, 2023.

 

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