Chaman Metallics IPO: GMP, Date, Price, Review, and Allotment
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:
- To have enough money for working capital
- General Business Goals
- 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. |
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
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.
