Chaman Metallics IPO Detail
Chaman Metallics Limited was founded in 2003 and is primarily involved in the production and sale of Direct Reduced Iron (also known as sponge iron). Sponge iron is a common raw material used in the production of steel in electric arc furnaces and induction furnaces.
Chaman Metallics has received certifications for its management systems, including ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management. These certifications demonstrate the company’s proficiency in implementing superior management systems in these areas.
Chaman Metallics’ manufacturing facility is located in Chandrapur, Maharashtra and covers an area of approximately 63 acres. As of March 31, 2022, the facility has a capacity of 72,000 MT per year (2 X 100 MTPD) for the production of sponge iron using two rotary kilns.
Chaman Metallics primarily sells its products in the states of Maharashtra, Odisha, and Chhattisgarh. Some of the company’s customers include Rajesh Steel & Wire Industries, R.K. Steel Sales, SMW Ispat Pvt Ltd, and Gajkesari Steels & Alloys Pvt. Ltd.
Chaman Metallics IPO Competitive Strength
- The manufacturing unit is strategically located.
- A stringent quality control mechanism is in place to ensure the standardized quality of the products.
- We have a long-standing relationship with our customers.
- The management team at the company is well qualified and experienced.
Chaman Metallics IPO Financials Performance ( Results )
Chaman Metallics Limited Financial Information ( Consolidated ): Following are the details as per the restated financial statements for the financial years ended on March 31, 2022, 2021 and 2020:
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax (PAT) | Earnings per share (Basic) EPS | Net Worth | Borrowing |
| 31-Mar-20 | 5399.39 | 5837.14 | 369.46 | 2.08 | 2350.21 | 1,976.17 |
| 31-Mar-21 | 5872.4 | 14075.89 | 523.07 | 2.94 | 2873.29 | 1,392.81 |
| 31-Mar-22 | 7378.59 | 18546.32 | 934.65 | 5.26 | 3807.94 | 2,515.81 |
| 30-Sep-22 | 9085.52 | 11182.43 | 681.74 | – | 4473.17 | 1608.17 |
Objective of IPO Issue
The company plans to use the proceeds of the issue to achieve the following objectives:
- To meet Working Capital requirements
- General Corporate Purpose
Chaman Metallics IPO Basic Details
| IPO Date | Jan 4, 2023 to Jan 6, 2023 |
| Listing Date | Monday, Jan 16, 2023 |
| 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 |
| 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 IPO Timetable
Chaman Metallics IPO will open on 04 Jan 2023 and close on 06 Jan 2023. You can join Chaman Metallics IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | 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 |
Chaman Metallics IPO Lot Size
3,000 shares will come in 1 lot for retail investors in Chaman Metallics IPO or minimum investment will be ₹114,000. Retail-individual investors can apply for up to 1 lots.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3,000 | ₹114,000 |
| Retail (Max) | 1 | 3,000 | ₹114,000 |
| B-HNI (Min) | 2 | 6,000 | ₹228,000 |
Chaman Metallics IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
Chaman Metallics IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹5.26 per Equity Share |
| Price/Earning P/E Ratio | 6.73 |
| Return on Net Worth (RoNW) | 20.96% |
| Net Asset Value (NAV) | ₹25.18 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 1.51 |
Chaman Metallics Ltd Peer comparison
| Company Name | Earning Per Share (EPS) | Price/Earning (P/E) Ratio | Upper Price/Book Value (Price/BV) Ratio |
| Bihar Sponge Iron Ltd | 0.78 | 14.9 | ₹ -7.94 |
| Lloyds Metal | -15.07 | 20.4 | ₹ 3.97 |
Chaman Metallics IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 6 January 2023 | ₹25 | – | – |
| 5 January 2023 | ₹26 | – | 52000 |
| 4 January 2023 | ₹25 | – | – |
Chaman Metallics IPO Detail Video:
Chaman Metallics IPO Subscription Status (Bidding Detail)
The Chaman Metallics IPO is subscribed 207.88 times on 06 Jan 2023 5:00:00 PM. The public issue subscribed 159.85 times in the retail category, and 255.92 times in the NII category.
| Category | Subscription |
| NII | 255.92x |
| Retail | 159.85x |
| Total | 207.88x |
Chaman Metallics IPO Prospectus
Chaman Metallics IPO Rating
| Our Rating | 4.0/5.0 |
Chaman Metallics Compnay Contact Information
Address: Chaman Metallics Limited
A-26, MIDC, Tadali Growth Centre, Tadali, Chandrapur,
Maharashtra – 442 406
Tel. No.: +91-771-4259100
Email: cs@cmlgrgroup.com
Website: www.cmlgrgroup.com
CIN: U27100MH2003PLC143049
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 of the Issue
Hem Securities Limited
Address: 904, A Wing, Naman Midtown, Senapati Bapat
Marg, Elphinstone Road, Lower Parel,Mumbai-400013,
Maharashtra, India
Tel No.: +91-22-4906 0000
Fax No.: +91-22-22625991
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Akun Goyal
SEBI Reg. No.: INM000010981
Chaman Metallics IPO FAQs
What is the Issue size of Chaman Metallics IPO?
The total size of Chaman Metallics IPO is ₹24.21 crores and this is a complete fresh Issue.
When will Chaman Metallics IPO start?
Chaman Metallics IPO will start from 04 Jan 2023 and IPO will close on 06 Jan 2023.
What is the open date of Chaman Metallics IPO?
Chaman Metallics IPO will start from 04 Jan 2023.
What is the last date ( close date ) of Chaman Metallics IPO?
Chaman Metallics IPO will close from 06 Jan 2023.
What is the price band of Chaman Metallics IPO?
Chaman Metallics IPO Price band is ₹38. ( Fix Price of ₹38 )
What is the minimum amount required to apply for Chaman Metallics IPO?
The minimum investment for retailers to apply for Chaman Metallics IPO is ₹114,000 and the maximum investment is ₹114,000.
What is going on gray market premium of Chaman Metallics IPO?
View gray market premium of Chaman Metallics IPO by Clicking Here
How much is the GMP of Chaman Metallics IPO?
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What is the lot size of Chaman Metallics IPO?
The lot size of Chaman Metallics IPO is 3000 shares.
What is the allotment date of Chaman Metallics IPO?
The allotment date of Chaman Metallics IPO is 11 January 2023.
How to check allotment status in Chaman Metallics IPO?
To check the allotment status of Chaman Metallics IPO, first of all go to the registrar website by clicking here, select your bad Chaman Metallics IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Coming Soon Link )
What is the listing date of Chaman Metallics IPO?
The listing date of Chaman Metallics IPO is 16 January 2023.
How much will be the listing gain in Chaman Metallics IPO?
View listing gain of Chaman Metallics IPO by Clicking Here
How much time Chaman Metallics IPO is subscribed?
Total 207.88 times subscribed in Chaman Metallics IPO out of which 159.85 times subscription was done in retail quota and 255.92 times subscription in NII quota.
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