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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 ₹38.00 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). The minimum lot size investment for 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 Date | January 4, 2023 to January 6, 2023 |
| Listing Date | January 16, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹38 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 63,72,000 shares (aggregating up to ₹24.21 Cr) |
| Reserved for Market Maker | 3,24,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹1.23 Cr) |
| Net Offered to Public | 60,48,000 shares (aggregating up to ₹22.98 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,77,62,764 shares |
| Share Holding Post Issue | 2,41,34,764 shares |
Chaman Metallics IPO offers total 63,72,000 shares. Out of which 30,24,000 (47.46%) allocated to NII, 30,24,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,24,000 (5.08%) |
| NII (HNI) Shares Offered | 30,24,000 (47.46%) |
| Retail Shares Offered | 30,24,000 (47.46%) |
| Total Shares Offered | 63,72,000 (100.00%) |
Chaman Metallics IPO opens on January 4, 2023, and closes on January 6, 2023.
| IPO Open Date | Wed, Jan 4, 2023 |
| IPO Close Date | Fri, Jan 6, 2023 |
| Tentative Allotment | Wed, Jan 11, 2023 |
| Initiation of Refunds | Thu, Jan 12, 2023 |
| Credit of Shares to Demat | Fri, Jan 13, 2023 |
| Tentative Listing Date | Mon, Jan 16, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jan 6, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | January 16, 2023 |
| BSE Script Code | |
| NSE Symbol | CMNL |
| ISIN | INE06PV01010 |
| Final Issue Price | ₹38 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹38.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Last Trade | ₹64.60 |
Chaman Metallics Ltd.
A-26, M.I.D.C,
Tadali Growth Centre, Tadali,
Chandrapur,
Chandrapur, Maharashtra, 442406
Phone: +91-771-4259100
Email: cs@cmlgrgroup.com
Website: http://www.cmlgrgroup.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Chaman Metallics IPO is a SME IPO of 63,72,000 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.
The IPO opens on January 4, 2023, and closes on January 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 January 4, 2023 and closes on January 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 Friday, January 13, 2023. Check the Chaman Metallics IPO allotment status.
The Chaman Metallics IPO listing date is on Monday, January 16, 2023.
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