Chaman Metallics IPO Details

Subscription StatusAllotment StatusListing 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).

Chaman Metallics IPO

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

DescriptionIPO Details
Public IssueInitial Public Issue of upto 63,72,000 Equity Shares of ₹ 10 (aggregating up to ₹ 2421.36 lakhs)
Issue Open  Date04-Jan-23
Issue Close Date06-Jan-23
Issue TypeFixed 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 InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Chaman Metallics IPO DRHP & RHP

Chaman Metallics IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum13000₹ 1,14,000
Maximum13000₹ 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

Bid / Offer Opens on04-Jan-23
Bid / Offer Closes on06-Jan-23
Finalisation of Basis of Allotment11-Jan-23
Initiation of refunds 12-Jan-23
Credit of the Equity Shares13-Jan-23
Listing Date16-Jan-23

Company Corporate Office

16/167, G.R. House,
Agrawal Complex,
opposite Pandey Nursing Home,
Samta Colony,
Raipur, Chhattisgarh – 492001

Company Registered Office

A-26, M.I.D.C,
Tadali Growth Centre,

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?

Check the step by step process here – Click here

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