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Chaman Metallics IPO is a fixed price issue of Rs 24.21 crores. The issue is entirely a fresh issue of 63.72 lakh shares.
Chaman Metallics IPO bidding started from January 4, 2023 and ended on January 6, 2023. The allotment for Chaman Metallics IPO was finalized on Wednesday, January 11, 2023. The shares got listed on NSE SME on January 16, 2023.
Chaman Metallics IPO price is ₹38 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹114,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹228,000.
Hem Securities Limited is the book running lead manager of the Chaman Metallics IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Chaman Metallics IPO is Hem Finlease.
Refer to Chaman Metallics IPO RHP for detailed information.
| IPO Date | January 4, 2023 to January 6, 2023 |
| Listing Date | January 16, 2023 |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,372,000 shares (aggregating up to ₹24.21 Cr) |
| Fresh Issue | 6,372,000 shares (aggregating up to ₹24.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,762,764 |
| Share holding post issue | 24,134,764 |
| Market Maker portion | 324,000 shares Hem Finlease |
Chaman Metallics IPO offers 6,372,000 shares. 3,024,000 (47.46%) to NII, 3,024,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 324,000 (5.08%) |
| Other Shares Offered | 3,024,000 (47.46%) |
| Retail Shares Offered | 3,024,000 (47.46%) |
| Total Shares Offered | 6,372,000 (100%) |
Chaman Metallics IPO opens on January 4, 2023, and closes on January 6, 2023.
| IPO Open Date | Wednesday, January 4, 2023 |
| IPO Close Date | Friday, January 6, 2023 |
| Basis of Allotment | Wednesday, January 11, 2023 |
| Initiation of Refunds | Thursday, January 12, 2023 |
| Credit of Shares to Demat | Friday, January 13, 2023 |
| Listing Date | Monday, January 16, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 6, 2023 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
| Lot Size Calculator | |||
Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited, and N.R. Sponge Private Limited are the promoters of the Company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.60% |
Incorporated in 2003, Chaman Metallics Limited is 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.
Chaman Metallics has been granted ISO 9001:2015 for its superior management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency.
The company manufacturing unit is based in Chandrapur, Maharashtra. The manufacturing facility is spread across an area of around 63 acres of land. The unit has a capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron through two Rotary kilns as of March 31, 2022.
The company sell its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. Some of the company's customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt. Ltd etc.
Some of the competitive strengths, Chaman Metallics is proud of, are:
| 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 | ||||||
The market capitalization of Chaman Metallics IPO is Rs 91.71 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 6.73 |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
[Dilip Davda] The company is engaged in the manufacturing and marketing of sponge iron which is a highly competitive segment with many big players. Based on its recent financial data, the issue is lucratively priced. Investors may consider an investment with a medium to long-term perspective. Read detail review...
The Chaman Metallics IPO is subscribed 207.88 times on January 6, 2023 7:00:00 PM. The public issue subscribed 159.85 times in the retail category, times in the QIB category, and 255.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 255.92 |
| Retail | 159.85 |
| Total | 207.88 |
| Listing Date | January 16, 2023 |
| BSE Script Code | |
| NSE Symbol | CMNL |
| ISIN | INE06PV01010 |
| Final Issue Price | ₹38 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹38.00 |
| ₹68.00 |
| ₹64.60 |
| ₹68.00 |
| ₹64.60 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Chaman Metallics IPO is a SME IPO of 6,372,000 equity shares of the face value of ₹10 aggregating up to ₹24.21 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000 Shares.
The IPO opens on January 4, 2023, and closes on January 6, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Chaman Metallics IPO using UPI as a payment gateway. Zerodha customers can apply in Chaman Metallics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chaman Metallics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chaman Metallics IPO opens on January 4, 2023 and closes on January 6, 2023.
Chaman Metallics IPO lot size is 3000 Shares, and the minimum amount required is ₹114,000.
You can apply in Chaman Metallics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Chaman Metallics IPO will be done on Wednesday, January 11, 2023, and the allotted shares will be credited to your demat account by Friday, January 13, 2023. Check the Chaman Metallics IPO allotment status.
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Discipline in stock market is important. No regrets as all decisions have been mine only.
Dont panic as this is just an update.
Please don’t get influenced by this. This is a fundamentally good stock but it just crosses my SL hence I had to take the hard decision.
Thanks 🙏🏻