| Subscription Status | Allotment Status | Listing Date |
Chaman Metallics IPO subscription is to open on Jan 04, 2023 and will close on Jan 06, 2023, the price band of the Chaman Metallics IPO is fixed at ₹ 38. Chaman Metallics is primarily engaged in the business of manufacturing and selling of Direct Reduced Iron (i.e. sponge iron).
Table of Contents
About Chaman Metallics
Chaman Metallics Incorporated in 2003, 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. Through the sponge iron business, Chaman Metallics cater to the metallic requirements of steel producers in selected geographies. Chaman Metallics company was under the control of MSP Group from 2006 to 2019. In 2019, the Company was acquired by Raipur-based GR Group which is in steel business since 1996.
Chaman Metallics business operations are organized synergistically, and we derive benefits after the acquisition by GR Group, which operates in various segment of steel i.e. Ferro alloys, Sponge Iron, MS Ingots and re-rolled products
Chaman Metallics manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land
Objects of the Issue
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Chaman Metallics Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 7,378.59 | 5,872.40 | 5,399.39 |
| Total income | 18,546.32 | 14,075.89 | 5,837.14 |
| Total Expenses | 17,291.22 | 13,333.81 | 6,018.55 |
| Profit After Tax | 934.65 | 523.07 | 369.46 |
Chaman Metallics IPO Price Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 63,72,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2421.36 lakhs) |
| Issue Open Date | 04-Jan-23 |
| Issue Close Date | 06-Jan-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 38 |
| Face Value | ₹ 10 |
| Market Lot | 3000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 3000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | CML |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Chaman Metallics IPO DRHP & RHP
Chaman Metallics IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 3000 | ₹ 1,14,000 |
| Maximum | 1 | 3000 | ₹ 1,14,000 |
Chaman Metallics IPO Lead Managers
- Hem Securities Limited
Chaman Metallics IPO Registrar
Chaman Metallics IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 04-Jan-23 |
| Bid / Offer Closes on | 06-Jan-23 |
| Finalisation of Basis of Allotment | 11-Jan-23 |
| Initiation of refunds | 12-Jan-23 |
| Credit of the Equity Shares | 13-Jan-23 |
| Listing Date | 16-Jan-23 |
Company Corporate Office
16/167, G.R. House,
Agrawal Complex,
opposite Pandey Nursing Home,
Samta Colony,
Raipur, Chhattisgarh – 492001
Website: www.cmlgrgroup.com
Company Registered Office
A-26, M.I.D.C,
Tadali Growth Centre,
Chandrapur,
Maharashtra-442406
Company Promoters
- Chetan Kumar Agrawal
- Keshav Kumar Agrawal
- G.R. Sponge and Power Limited
- N.R. Sponge Private Limited
Chaman Metallics IPO – FAQS
What is the Chaman Metallics IPO Price?
The Chaman Metallics IPO price band is 38 per share
When Chaman Metallics IPO will open?
The Chaman Metallics IPO opens on Jan 04, 2023 and closes on Jan 06, 2023
What is the lot size of Chaman Metallics IPO?
The Chaman Metallics IPO lot size is 3000 Equity Shares and the minimum order quantity is 3000 Equity Shares
Who is the Registrar for Chaman Metallics IPO?
The Registrar for Chaman Metallics IPO is Link Intime India Private Limited
How to apply in Chaman Metallics IPO through UPI?
Check the step by step process here – Click here
How to apply in Chaman Metallics IPO through Zerodha?
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