Chaman Metallics IPO GMP, Price, Date, Allotment

Last updated on August 12, 2023

Chaman Metallics IPO description – Incorporated in 2003, Chaman Metallics 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.

The company’s manufacturing unit is based at Chandrapur, Maharashtra and 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 31 March 2022.

The company sells its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. During the production of sponge iron, a solid waste is produced as a by-product called dolochar. For the FY 2022, its revenue from operations stood at INR 184.87 crore of which revenue from sponge iron, dolochar and other items contributed 97.94%, 0.99% and 1.06% respectively.

Promoters of Chaman Metallics – Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited and N.R. Sponge Private Limited

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Chaman Metallics IPO Details

Chaman Metallics IPO Dates	4 – 6 January 2023
Chaman Metallics IPO Price	INR 38 per share
Fresh issue	63,72,000 shares (INR 24.21 crore)
Offer For Sale	Nil
Total IPO size	63,72,000 shares (INR 24.21 crore)
Minimum bid (lot size)	3,000 shares (INR 1,14,000)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE SME

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Chaman Metallics Financial Performance

	FY 2020	FY 2021	FY 2022
Revenue	58.01	140.56	184.87
Expenses	60.19	133.34	172.91
Net income	3.69	5.23	9.35
Margin (%)	6.36	3.72	5.06

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Chaman Metallics Offer News

• Chaman Metallics RHP
• Chaman Metallics DRHP
• IPO subscription status of all IPOs

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Chaman Metallics Valuations & Margins

	FY 2020	FY 2021	FY 2022
EPS	2.08	2.94	5.26
PE ratio	–	–	7.22
RONW (%)	15.72	18.20	24.54
NAV	–	16.18	21.44
ROCE (%)	(2.56)	27.59	25.72
ROE (%)	15.72	18.20	24.54
Debt/Equity	0.84	0.48	0.66

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Chaman Metallics IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
12 Jan 2023	22	–	25,000
11 Jan 2023	25	–	32,000
10 Jan 2023	25	–	32,000
9 Jan 2023	25	–	35,000
7 Jan 2023	20	–	35,000
6 Jan 2023	20	–	35,000
5 Jan 2023	20	–	29,000
4 Jan 2023	18	–	22,000
3 Jan 2023	18	–	22,000
2 Jan 2023	15	–	20,000
31 Dec 2022	10	–	–

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Chaman Metallics IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	3,186,000	3,186,000	6,372,000
6 Jan 2023	242.45	151.72	197.31
5 Jan 2023	1.91	27.10	18.85
4 Jan 2023	1.78	7.39	4.58

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Chaman Metallics Offer Lead Manager

HEM SECURITIES LIMITED
904, A Wing, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400013, Maharashtra, India
Phone: +91- 022- 49060000
E-mail: [email protected]
Website: www.hemsecurities.com

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Chaman Metallics Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: : +91-22-49186200
Email: [email protected]
Website: www.linkintime.co.in

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Chaman Metallics Contact Details

CHAMAN METALLICS LIMITED
16/167, G.R. House, Agrawal
Complex, opposite Pandey
Nursing Home, Samta Colony,
Raipur, Chhattisgarh – 492001
Phone: +91-771-4259100
Email: [email protected]
Website: www.cmlgrgroup.com

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Chaman Metallics IPO Allotment Status

Chaman Metallics IPO allotment is now available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

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Chaman Metallics IPO Dates & Listing Performance

Chaman Metallics IPO Opening Date	4 January 2023
Chaman Metallics IPO Closing Date	6 January 2023
Finalisation of Basis of Allotment	11 January 2023
Initiation of refunds	12 January 2023
Transfer of shares to demat accounts	13 January 2023
Chaman Metallics IPO Listing Date	16 January 2023
Opening Price on NSE	INR 68 per share (up 78.95%)
Closing Price on NSE	INR 64.60 per share (up 70%)

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Chaman Metallics IPO FAQs