Chaman Metallics IPO GMP, Price, Date, Allotment

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Last updated on January 16, 2023

Chaman Metallics IPO GMP

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.

Chaman Metallics 2023

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


Chaman Metallics IPO Details

Chaman Metallics IPO Dates4 – 6 January 2023
Chaman Metallics IPO Price INR 38 per share
Fresh issue63,72,000 shares (INR 24.21 crore)
Offer For SaleNil
Total IPO size63,72,000 shares (INR 24.21 crore)
Minimum bid (lot size)3,000 shares (INR 1,14,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE SME

Chaman Metallics Financial Performance

 FY 2020FY 2021FY 2022
Revenue58.01140.56184.87
Expenses60.19133.34172.91
Net income3.695.239.35
Margin (%)6.363.725.06
Figures in INR crore unless specified otherwise

Chaman Metallics Offer News


Chaman Metallics Valuations & Margins

FY 2020FY 2021FY 2022
EPS2.082.945.26
PE ratio7.22
RONW (%)15.7218.2024.54
NAV16.1821.44
ROCE (%)(2.56)27.5925.72
ROE (%)15.7218.2024.54
Debt/Equity0.840.480.66
*Compiled by IPO Central from Prospectus

Chaman Metallics IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
12 Jan 20232225,000
11 Jan 20232532,000
10 Jan 20232532,000
9 Jan 20232535,000
7 Jan 20232035,000
6 Jan 20232035,000
5 Jan 20232029,000
4 Jan 20231822,000
3 Jan 20231822,000
2 Jan 20231520,000
31 Dec 202210

Chaman Metallics IPO Subscription – Live Updates

CategoryNon-retailRetailTotal
Shares Offered3,186,0003,186,0006,372,000
6 Jan 2023242.45151.72197.31
5 Jan 20231.9127.1018.85
4 Jan 20231.787.394.58
As on 17:04:02 hrs

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


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


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


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.


Chaman Metallics IPO Dates & Listing Performance

Chaman Metallics IPO Opening Date4 January 2023
Chaman Metallics IPO Closing Date6 January 2023
Finalisation of Basis of Allotment11 January 2023
Initiation of refunds12 January 2023
Transfer of shares to demat accounts13 January 2023
Chaman Metallics IPO Listing Date16 January 2023
Opening Price on NSEINR 68 per share (up 78.95%)
Closing Price on NSEINR 64.60 per share (up 70%)

Chaman Metallics IPO FAQs

What is Chaman Metallics offer size?

Chaman Metallics offer size is INR 24.21 crore.

What is Chaman IPO Price Band?

Chaman Metallics public offer price is INR 38 per share.

What is the lot size of Chaman IPO?

Chaman Metallics offer lot size is 3,000 shares.

What is Chaman Metallics IPO GMP today?

Chaman Metallics IPO GMP today is INR 22 per share.

What is Chaman Metallics kostak rate today?

Chaman Metallics kostak rate today is NA per application.

What is Chaman Metallics Subject to Sauda rate today?

Chaman Metallics Subject to Sauda rate today is INR 25,000 per application.

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