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Chaman Metallics Limited IPO

Chaman Metallics Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 68.00 (+78.95%)

Having completed its public offering, Chaman Metallics Limited's is now listed and trading on the NSE exchange as of 16-01-2023. 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 04-01-2023 and 06-01-2023 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 12-01-2023 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.

Chaman Metallics IPO Details
Lot(s) Distribution

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.

IPO Reservation
Chaman Metallics IPO Key Performance Indicator
Company Financials ( In Lakhs )

Chaman Metallics IPO About Company

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."


Chaman Metallics IPO Strength Factors

NA


Chaman Metallics IPO Risk Factors

NA


Chaman Metallics IPO Lead Manager(s)

  • Hem Securities Limited

Chaman Metallics IPO Promoter(s)

  1. Chetan Agrawal, Keshav Kumar Agrawal
  2. G.R. Sponge and Power Limited
  3. N.R. Sponge Private Limited



Chaman Metallics IPO Company Details

Chaman Metallics Limited
Phone:
address:

Chaman Metallics IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Chaman Metallics IPO FAQs