Chaman Metallics Limited IPO Review
Chaman Metallics Limited IPO Overview
Chaman Metallics Limited, founded in 2003, is principally engaged in the production and sale of Direct Reduced Iron (i.e. sponge iron). Sponge iron is primarily utilised as a raw material in electric arc and induction furnaces to produce steel.
Chaman Metallics has achieved ISO 9001:2015 certification for excellent management systems, ISO 14001:2015 certification for environmental management systems, and ISO 45001:2018 certification for occupational health and safety management system competency.
The manufacturing facility of the company is located in Chandrapur, Maharashtra. The manufacturing facility has approximately 63 acres of land. As of March 31, 2022, the unit has a capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron via two Rotary kilns.
The company primarily sells its products in the states of Maharashtra, Odisha, and Chhattisgarh. Customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt Ltd, and others.
Chaman Metallics Limited 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 Financial Performance
Period Ended | Total Assets | Total Revenue |
31-Mar-20 | 5399.39 | 5837.14 |
31-Mar-21 | 5872.4 | 14075.89 |
2-Mar-231 | 7378.59 | 18546.32 |
3-Sep-220 | 9085.52 | 11182.43 |
Amount in ₹ Lakhs | ||
Profit After Tax | Net Worth |
369.46 | 2350.21 |
523.07 | 2873.29 |
934.65 | 3807.94 |
681.74 | 4473.17 |
Amount in ₹ Lakhs | |
Reserves and Surplus | Total Borrowing |
1560.75 | 1976.17 |
2083.83 | 1392.81 |
3018.48 | 2515.81 |
2696.89 | 1608.17 |
Amount in ₹ Lakhs | |
Chaman Metallics Limited IPO Key Ratios
FY 2020 | FY 2021 | |
EPS | 2.08 | 2.94 |
PE ratio | – | – |
RONW (%) | 15.72 | 18.20 |
NAV | – | 16.18 |
ROCE (%) | (2.56) | 27.59 |
ROE (%) | 15.72 | 18.20 |
Debt/Equity | 0.84 | 0.48 |
FY 2022 | |
EPS | 5.26 |
PE ratio | – |
RONW (%) | 24.54 |
NAV | 21.44 |
ROCE (%) | 25.72 |
ROE (%) | 24.54 |
Debt/Equity | 0.66 |
Chaman Metallics Limited IPO GMP Trend
Updated soon.
Listing Performance of Chaman Metallics Limited IPO
Listed On : NSE SME
Issue Price : ₹38 per share
Listing Day Close : NA
Listing Day Gain : NA
Chaman Metallics Limited IPO ISIN Number Code
NSE : NA
ISIN CODE : INE06PV01010
BSE : NA
Chaman Metallics Limited IPO Allotment Status
Chaman Metallics Limited IPO Important Dates
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 Limited IPO Contact Details
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 Limited IPO Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Chaman Metallics Limited IPO FAQ's
The Chaman Metallics IPO is a NSE SME IPO of ₹38 per equity share with a face value of 10 per equity share.
The issue size is priced at ₹6,372,000 shares of ₹10 (aggregating up to ₹24.21 Cr).
The fresh issue size priced at ₹6,372,000 shares of ₹10 (aggregating up to ₹24.21 Cr)
The initial public offering (IPO) begins on Jan 4, 2023. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and SME.
The Chaman Metallics IPO opens on Jan 4, 2023.
Chaman Metallics IPO Market lot size is 3000 Shares.
The finalisation of Basis of Allotment for Chaman Metallics IPO will be done on Jan 11, 2023 and the allotted shares will be credited to your demat account by Jan 13, 2023. Check the Chaman Metallics IPO status.
The Chaman Metallics IPO listing date is on Jan 16, 2023.
Chaman Metallics IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
Chaman Metallics Limited IPO Comments
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