Fixed Price IPO | ₹24 Cr | Listed at NSE SME | Wed, Jan 4, 2023 - Fri, Jan 6, 2023
Chaman Metallics IPO is a fixed price issue of ₹24.21 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹24.21 crore.
Chaman Metallics IPO bidding started from Jan 4, 2023 and ended on Jan 6, 2023. The allotment for Chaman Metallics IPO was finalized on Jan 11, 2023. The shares got listed on NSE SME on Jan 16, 2023.
Chaman Metallics IPO price is ₹38 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,14,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,28,000.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to Chaman Metallics IPO RHP for detailed Information.
IPO Open
Wed, Jan 4, 2023
IPO Close
Fri, Jan 6, 2023
Issue Price
₹38 per share
Market Cap (Pre-IPO)
₹91.71 Cr
| IPO Date | 4 to 6 Jan, 2023 |
| Listed on | Mon, Jan 16, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 63,72,000 shares (agg. up to ₹24 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 60,48,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 60,48,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 1,77,62,764 shares |
| Share Holding Post Issue | 2,41,34,764 shares |
| NSE Symbol | CMNL |
| ISIN | INE06PV01010 |
Chaman Metallics IPO comprises a total issue size of 63,72,000 shares. The net offer to the public is 60,48,000 shares, after excluding 3,24,000 shares allotted on a firm basis. Of the Net offer 30,24,000 (50.00%) allocated to NII 30,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,24,000 | 50.00% | 47.46% |
| Retail Shares Offered | 30,24,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,000 | 5.08% | |
| Total Shares Offered | 63,72,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,14,000 |
| Retail (Max) | 1 | 3,000 | ₹1,14,000 |
| HNI (Min) | 2 | 6,000 | ₹2,28,000 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 90.86 | 73.79 | 58.72 | 53.99 |
| Total Income | 111.82 | 185.46 | 140.76 | 58.37 |
| Profit After Tax | 6.82 | 9.35 | 5.23 | 3.69 |
| NET Worth | 44.73 | 38.08 | 28.73 | 23.50 |
| Reserves and Surplus | 26.97 | 30.18 | 20.84 | 15.61 |
| Total Borrowing | 16.08 | 25.16 | 13.93 | 19.76 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 16.50 |
| 2 | General Corporate Purpose | 5.77 |
| KPI | |
|---|---|
| ROE | 24.54 |
| ROCE | 25.72 |
| Debt/Equity | 0.66 |
| RoNW | 24.54 |
| PAT Margin | 5.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.26 | |
| P/E (x) | 6.73 | |
| Promoter Holding | 100.00% | 73.60% |
| Market Cap | ₹91.71 Cr. |
The Chaman Metallics IPO is subscribed 207.88 times on January 6, 2023 7:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 255.92 | 30,24,000 | 77,38,92,000 |
| Retail | 159.85 | 30,24,000 | 48,33,84,000 |
| Total | 207.88 | 60,48,000 | 1,25,72,76,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fee | 0.22 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.05 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Legal Advisors | 0.02 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees, Underwriting fees and Miscellaneous Expenses | 1.60 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Last Trade | ₹64.60 |
Lead Manager Reports
Chaman Metallics IPO is a SME IPO of 63,72,000 equity shares of the face value of ₹10 aggregating up to ₹24 Crores. The issue is priced at ₹38 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jan 4, 2023, and closes on Fri, Jan 6, 2023.
MUFG Intime India Pvt.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 Wed, Jan 4, 2023 and closes on Fri, Jan 6, 2023.
Chaman Metallics IPO lot size is 3000, and the minimum amount required for application is ₹1,14,000.
You can apply in Chaman Metallics IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jan 13, 2023. Check the Chaman Metallics IPO allotment status.
The Chaman Metallics IPO listing date is on Mon, Jan 16, 2023.
