Chaman Metallics Limited
NSE SME₹114,000 / 3000 Shares
Chaman Metallics Limited IPO Details
The Chaman Metallics Limited IPO price band is set between ₹38 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 4 Jan, 2023 and closes on 6 Jan, 2023. Investors can check the allotment status on 11 Jan, 2023, while the listing date is tentatively scheduled for 16 Jan, 2023.
The total issue size is 6,372,000 shares of ₹10, aggregating up to ₹24.21 Cr. Stay tuned for the latest Chaman Metallics Limited IPO review and GMP updates.
Chaman Metallics Limited IPO Review, Rating & Analysis
Chaman Metallics Limited IPO Review
NO REVIEWChaman Metallics Limited IPO Rating
Chaman Metallics Limited IPO Highlights
IPO Date
Jan 4, 2023 - Jan 6, 2023
Listing Date
16 Jan, 2023
Face Value
₹10 Per Equity Share
Price Band
₹38 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Chaman Metallics Limited IPO Lot Size
The minimum market lot for Chaman Metallics Limited IPO is 3000 shares with an application amount of ₹1,14,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,14,000 |
| Retail (Max) | 1 | 3000 | ₹1,14,000 |
| S-HNI (Min) | 2 | 6000 | ₹2,28,000 |
| S-HNI (Max) | 8 | 24000 | ₹9,12,000 |
| B-HNI (Min) | 9 | 27000 | ₹10,26,000 |
Chaman Metallics Limited IPO Timeline
Issue Price
₹38 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Link Intime India Private LtdLead Manager
Hem Securities LimitedIssue Size
6,372,000 shares of ₹10(aggregating up to ₹24.21 Cr)Chaman Metallics Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 22 | 9085.52 | 11182.43 | 681.74 | - | - | - |
| 31 Mar 22 | 7378.59 | 18546.32 | 934.65 | - | - | - |
| 31 Mar 21 | 5872.4 | 14075.89 | 523.07 | - | - | - |
| 31 Mar 20 | 5399.39 | 5837.14 | 369.46 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited, and N.R. Sponge Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| % | % |
About Company
Incorporated in 2003, 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.
Chaman Metallics has been granted ISO 9001:2015 for its superior management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency.
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.
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 Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 3,024,000 | 3,024,000 | 6,048,000 |
Day 1 -04-01-23 06:00 PM | 1.87 x | 7.78 x | 4.83 x |
Day 2 -05-01-23 06:00 PM | 11.26 x | 31.42 x | 21.34 x |
Day 3 -06-01-23 06:00 PM | 255.92 x | 159.85 x | 207.88 x |
Frequently Asked Questions about Chaman Metallics Limited IPO
When will Chaman Metallics Limited IPO open for subscription?
The Chaman Metallics Limited IPO opens on 4 Jan, 2023 and closes on 6 Jan, 2023.
What is the investors portion for Chaman Metallics Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 3024000.
How to apply for Chaman Metallics Limited IPO?
You can apply for Chaman Metallics Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Chaman Metallics Limited IPO?
The issue size of Chaman Metallics Limited IPO is approx ₹6,372,000 shares of ₹10(aggregating up to ₹24.21 Cr) crores.
What is the price band of Chaman Metallics Limited IPO?
The price band for Chaman Metallics Limited IPO is ₹38 per equity share to ₹undefined.
What is the lot size of Chaman Metallics Limited IPO?
The minimum bid (lot size) for Chaman Metallics Limited IPO is N/A shares with an investment of approx ₹114,000 .
What is the allotment date of Chaman Metallics Limited IPO?
The allotment date for Chaman Metallics Limited IPO is 11 Jan, 2023.
What is the listing date of Chaman Metallics Limited IPO?
The listing date for Chaman Metallics Limited IPO is expected to be 16 Jan, 2023.
What is the GMP of Chaman Metallics Limited IPO?
The latest Grey Market Premium (GMP) for Chaman Metallics Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.