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:
- Strategically located manufacturing unit
- Stringent quality control mechanism ensuring standardized product quality
- Long-standing relationship with our customers
- Well Qualified and Experienced Management Team
Company Financials
| 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 |
Objects of the Issue
The company intends to utilize the proceeds of the Issue to meet the following objectives: –
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Chaman Metallics IPO Details
| IPO Date | Jan 4, 2023 to Jan 6, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Issue Size | 6,372,000 shares of ₹10 (aggregating up to ₹24.21 Cr) |
| Fresh Issue | 6,372,000 shares of ₹10 (aggregating up to ₹24.21 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | HEM FINLEASE PRIVATE LIMITED |
| Company Promoters | Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited, and N.R. Sponge Private Limited are the promoters of the Company. |
Chaman Metallics IPO Tentative Timetable
Chaman Metallics IPO opens on Jan 4, 2023, and closes on Jan 6, 2023. The Chaman Metallics IPO bid date is from Jan 4, 2023 10.00 A.M. to Jan 6, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jan 4, 2023 |
| Closing Date | Jan 6, 2023 |
| Basis of Allotment | Jan 11, 2023 |
| Initiation of Refunds | Jan 12, 2023 |
| Credit of Shares to Demat | Jan 13, 2023 |
| Listing Date | Jan 16, 2023 |
Chaman Metallics IPO Lot Size
The Chaman Metallics IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹114,000 |
| Retail (Max) | 1 | 3000 | ₹114,000 |
| HNI (Min) | 2 | 6,000 | ₹228,000 |
Chaman Metallics IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.60% |
Chaman Metallics IPO Prospectus
Company Contact Information
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/
Chaman Metallics IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: chaman.ipo@linkintime.co.in
Website: https://linkintime.co.in/