Chaman Metallics Limited IPO SME Closes Today
Chaman Metallics Limited is primarily involved in the business of manufacturing and selling Direct Reduced Iron which is commonly called sponge iron and was incorporated in 2003. The company’s manufacturing unit is situated in Chandrapur, Maharashtra which is spread across an area of around 63 acres of land. The facility has a capacity of 72,000 MT for the production of sponge iron through two Rotary kilns as of March 31, 2022. Due to its persistent hard work, Chaman Metallics has been granted ISO 9001:2015 for its excellent management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency. The company sells its products mainly in Maharashtra, Odisha, and Chhattisgarh. Some of the company’s well-known customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, and Gajkesari Steels & Alloys Pvt. Ltd etc.
Some of the driving strengths are
- A strategically located manufacturing unit
- A rigorous quality control mechanism that ensures standardized product quality
- A strong relationship with our customers
- Well Qualified and Experienced Management Team
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
| 31-Mar-20 | 5399.39 | 5837.14 | 369.46 | 2350.21 | 1560.75 | 1976.17 |
| 31-Mar-21 | 5872.4 | 14075.89 | 523.07 | 2873.29 | 2083.83 | 1392.81 |
| 31-Mar-22 | 7378.59 | 18546.32 | 934.65 | 3807.94 | 3018.48 | 2515.81 |
| 30-Sep-22 | 9085.52 | 11182.43 | 681.74 | 4473.17 | 2696.89 | 1608.17 |
| Amount in ₹ Lakhs |
Chaman Metallics 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 |
| P/E (x) | 7.22 |
| 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 IPO Tentative Timetable
| Event | Tentative Date |
| 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 IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
Company Contact Information
Chaman Metallics Limited
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 IPO Registrar
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/
