Chaman Metallics IPO GMP, Price, Dates & Allotment Details 2023
Chaman Metallics IPO opens on January 4 and closes on January 6, 2023. According to the DRHP filed in SEBI, the company is planning to raise about ₹ 24.21 crore through this public issue by issuing 6,372,000 shares of face value of ₹ 10 each at a price of ₹ 38 per share.
Incorporated in 2003. The primary activity of Chaman Metallics Ltd. is the production and sale of direct reduced iron (i.e., sponge iron). Induction furnaces & electric arc furnaces are the primary steel-making processes that utilize sponge iron as a raw material. The company meets the metallic needs of steel makers in a few regions through its sponge iron business.
ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management systems have all been awarded to The Chaman Metallics Ltd.
Company manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land. At the company sponge iron manufacturing facility, they operate two Rotary kilns having an aggregate annual installed capacity of 72,000 MT (2 X 100 MTPD) for production of sponge iron as at March 31, 2022.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th September 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 4473.17 | 3807.94 | 2873.29 | 2350.21 |
| Total Assets | 9085.52 | 7378.59 | 5872.40 | 5399.39 |
| Total Revenue | 11182.43 | 18546.32 | 14075.89 | 5837.14 |
| Profit After Tax | 681.74 | 934.65 | 523.07 | 369.46 |
| Total Borrowings | 1608.17 | 2515.81 | 1392.81 | 1976.17 |
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Chaman Metallics IPO – Details
According to the DRHP filed in SEBI, the company is planning to issue 6,372,000 shares of ₹ 10 each aggregating up to ₹ 24.21 Crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 38 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 6,372,000 shares of ₹ 10 (Aggregating up to ₹ 24.21 Crore) |
| Fresh Issue | 6,372,000 shares of ₹ 10 (Aggregating up to ₹ 24.21 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| Promoters | Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited & N.R. Sponge Private Limited |
GMP – Chaman Metallics IPO
Chaman Metallics IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Chaman Metallics IPO
Chaman Metallics IPO opens on January 4 and closes on January 6, 2023.
| Opening Date | January 4, 2023 |
| Closing Date | January 6, 2023 |
| Basis of Allotment | January 11, 2023 |
| Initiation of Refunds | January 12, 2023 |
| Credit of shares to Demat A/c | January 13, 2023 |
| Listing Date | January 16, 2023 |
Lot Size – Chaman Metallics IPO
The Chaman Metallics IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lot i.e. 3,000 shares of ₹ 114,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 114,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 114,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 228,000 |
Promoters Holdings – Chaman Metallics IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.60% |
SWOT Analysis – Chaman Metallics IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Strategically located manufacturing unit. 2. Stringent quality control mechanism ensures standardised product quality. 3. Long standing relationship with company customers. | 1. The substantial portion of company revenues has been dependent upon few customers. 2. Outstanding legal proceedings against Company, Promoters & Directors. |
| OPPORTUNITIES | THREATS |
| 1. Demand for steel from different sectors will drive this industry. Consumption of steel by India’s infrastructure segment is expected to increase to 11% by FY26. 2. Steel demand from the automotive sector is expected to increase due to rise in the demand for automobiles. 3. The Company can catch more opportunities by spreading its business in different states. | 1. Adverse publicity regarding company products. 2. Changes in laws and regulation. 3. Change in technology. 4. Competitions from organised and unorganised players |
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Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Chaman Metallics Limited A-26, M.I.D.C, Tadali Growth Centre, Chandrapur, Maharashtra – 442406 Phone: +91-771-4259100 Email: [email protected] Website: http://www.cmlgrgroup.com/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: [email protected] Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Hem Securities Limited |
FAQ’s
What is the Chaman Metallics IPO price?
The Chaman Metallics IPO price is ₹ 38 per share.
What will be the Chaman Metallics IPO lot size?
One lot of Chaman Metallics IPO contains 3,000 shares of ₹ 114,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Chaman Metallics IPO allotment be available?
The finalization of Basis of Allotment for Chaman Metallics IPO will be done on January 11, 2023, and the allotted shares will be credited to your demat account by January 13, 2023. Check the Chaman Metallics IPO allotment status.
When will Chaman Metallics IPO list on exchanges?
The Chaman Metallics IPO shares listing date is January 16, 2023.
How many shares in Chaman Metallics IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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