Chaman Metallics Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹30(78.95%)
Premium (ELP)
Having completed its public offering, Chaman Metallics Limited's is now listed and trading on the NSE exchange as of Jan 16, 2023. The IPO raised cumulative capital of 63,72,000 Shares, including 63,72,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹38 to ₹38 and minimum investment requirement of 3000 shares. subscription activity between Jan 04, 2023 and Jan 06, 2023 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jan 12, 2023 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2003, Chaman Metallics Limited is engaged in the manufacturing and sale of Direct Reduced Iron (sponge iron), a key raw material used in producing steel through electric arc and induction furnaces. The company’s manufacturing unit, located in Chandrapur, Maharashtra, spans approximately 63 acres and has a production capacity of 72,000 MT (2 x 100 MTPD) through two rotary kilns as of March 31, 2022. Chaman Metallics holds ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications for quality, environmental, and occupational health management systems. The company primarily serves customers in Maharashtra, Odisha, and Chhattisgarh, with major clients including Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt. Ltd., and Gajkesari Steels & Alloys Pvt. Ltd.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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