Chaman Metallics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 21, 2023Let’s have a detailed review of the company and analytics of the Chaman Metallics IPO release date, IPO offer price, subscription, Chaman Metallics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 38 |
| Listing At | NSE,SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Jan 16, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2421.36 Lakh |
| IPO Size | Rs 2421.36 Lakh |
| Tick Size | 1 |
Chaman Metallics IPO is listed at a NSE,SME premium. Check out the live share price by clicking on the below link.
Chaman Metallics IPO – Summary
Incorporated in 2003, they are 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.
Through their sponge iron business, they cater to the metallic requirements of steel producers in selected geographies. Their Company was under the control of MSP Group from 2006 to 2019. In 2019, the Company was acquired by Raipur-based GR Group which is in steel business since 1996.
The Promoter of this company is Chetan Kumar Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited and N.R. Sponge Private Limited. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Chaman Metallics IPO Date
The opening and the closing date of Chaman Metallics IPO are Jan 4, 2023 and Jan 6, 2023.
Chaman Metallics IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 5th Jan | 11.16x | 28.55x | 19.86x | |
| 2nd Day – 6th Jan | 255.92x | 159.85x | 207.88x | |
| 3rd Day – | ||||
| Shares Offered or Net Issue | 3,024,000 | 3,024,000 | 6,048,000 |
The shares subscribed by the public will be updated here.
Check Chaman Metallics IPO LIVE Subscription
- Chaman Metallics IPO LIVE Bid details on SME
- Chaman Metallics IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Chaman Metallics IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Chaman Metallics Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jan 11, 2023 |
| Refunds Initiation | Jan 12, 2023 |
| Credit of Shares to Demat Account | Jan 13, 2023 |
| Share Listing Date | Jan 16, 2023 |
Chaman Metallics IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.38
Chaman Metallics IPO Equity Size
This Initial Public Issue of 63,72,000 Equity Shares of Rs.10 each for cash at a price of Rs.38 per equity share aggregating to Rs.2421.36 Lakh.
Chaman Metallics IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 63,72,000 Equity Shares of Rs.10/ each.
Issue Size: 63,72,000 Equity Shares of Rs.10 each, aggregating to Rs.2421.36 Lakh
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Chaman Metallics IPO – Live Performance
The listing date of this IPO is Jan 16, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Chaman Metallics Share Price |
Chaman Metallics IPO Grey Market Premium
The Chaman Metallics Limited IPO Grey Market Premium price is Rs 25, the Kostak rate is Rs NA and the Subject to Sauda is Rs 50,000.
Chaman Metallics IPO – Company Overview
Their manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land. At their sponge
iron manufacturing facility, they operate two Rotary kilns having an aggregate annual installed capacity of 72,000 MT (2 X 100 MTPD)
for production of sponge iron as at September 30, 2022.
The strategic location of their sponge iron manufacturing facility aids their
access to high-quality iron ore, iron ore pellets, coal and dolomite which are the major raw materials for sponge iron manufacturing.
Chaman Metallics IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 9,085.52 | 7,378.59 | 5,872.40 | 5,399.39 |
| *Total Revenue | 11,182.43 | 18,546.32 | 14,075.89 | 5,837.14 |
| Total Expense | 10,288.94 | 17,291.22 | 13,333.81 | 6,018.55 |
| Profit After Tax | 681.74 | 934.65 | 523.07 | 369.46 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 3.84 | 5.26 | 2.94 | 2.08 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 681.74 Lakh, Rs. 934.65 Lakh, Rs. 523.07 Lakh and Rs. 369.46 Lakh respectively.
Chaman Metallics IPO – Promoters
The Promoter of this company is:
- Chetan Kumar Agrawal
- Keshav Kumar Agrawal, G.R. Sponge
- Power Limited
- N.R. Sponge Private Limited
List of Related Parties (Key Managerial Personnel)
- Chetan Kumar Agrawal, Chairman & Managing Director
- Ramesh Kumar Agrawal, Non-Executive Director
- Keshav Kumar Agrawal, Joint Managing Director and Chief Financial Officer
- Sumit Dahiya, Independent Director
- Ranjeet Singh Thakur, Independent Director
- Disha Keshariya, Independent Director
Chaman Metallics IPO – Promoters Holding
- Pre Issue Share Holding -100.00 %
- Post Issue Share Holding -73.60 %
Chaman Metallics IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 63,72,000 Equity Shares aggregating up to Rs.2421.36 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,24,000 Equity Shares aggregating up to Rs.123.12 Lakh |
| Net Issue to the Public | Up to 60,48,000 Equity Shares aggregating up to Rs.2298.24 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 30,24,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 30,24,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,77,62,764 Equity Shares |
| Equity Shares outstanding after the Issue | 2,41,34,764 Equity Shares |
Chaman Metallics IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Chaman Metallics IPO – Business Strategy
- Continue to invest in their manufacturing capabilities
- Continue to strive for cost efficiency
- Continue to strengthen their relationship with the customer
- Focus on consistently meeting quality standards
Chaman Metallics IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Strategically located manufacturing unit
- Stringent quality control mechanism ensuring standardized product quality
- Long standing relationship with their customers
- Well Qualified and Experienced Management Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 5.26 | 24.54 | 21.44 |
| 31-Mar-21 | 2.94 | 18.20 | 16.18 |
| Mar-20 | 2.08 | 15.72 | – |
Chaman Metallics IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Crores) | |
| Chaman Metallics Limited | 10 | 7.22 | 5.26 | 24.54 | 185.46 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Chaman Metallics IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai 400013, Maharashtra, India Tel. No.: +91- 022- 49060000 Email: ib@hemsecurities.com Website: www.hemsecurities.com Contact Person :Akun Goyal SEBI Regn. No. INM000010981 |
Chaman Metallics IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1stFloor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra, India-400083 Tel No.:+91-022-49186200; Fax No.: +91-022-49186060 Email:chaman.ipo@linkintime.co.in Investor Grievance Email:chaman.ipo@linkintime.co.in Website:www.linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Regn. No.:INR000004058 |
Chaman Metallics IPO – Other Details
- Statutory Auditor – M/s. OP Singhania & Co., Chartered Accountants
- Legal Counsel to the Company – Mindspright Legal
- Bankers to the Company – HDFC Bank Ltd
Chaman Metallics IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Chaman Metallics Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Chaman Metallics IPO Review FAQs
Check out various FAQs related to Chaman Metallics IPO:
What is the Issue Size of Chaman Metallics IPO?
The Company is making an initial public offer of 63,72,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Chaman Metallics IPO?
The price band for this particular IPO ranges between 38. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Chaman Metallics IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 4, 2023, while the closing date is set at Jan 6, 2023.
What is the Chaman Metallics IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jan 11, 2023, refund initiation is on Jan 12, 2023, credit of shares is on Jan 13, 2023, and share listing date is on Jan 16, 2023.
What is the Chaman Metallics IPO Listing Date?
Shares of this company shall be listed in the exchanges Jan 16, 2023. The date, when the listing would be done, is stagnant on Jan 16, 2023.
Who is the Registrar of Chaman Metallics IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Chaman Metallics IPO?
Here are the promoters of this IPO – Chetan Kumar Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited and N.R. Sponge Private Limited. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Chaman Metallics IPO?
They have obtained the GMP of this IPO and it is 25. Further insights of Kostak rate is Rs NA and subject to sauda or SS are Rs 50,000 as well included in this report.
Is Chaman Metallics IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Chaman Metallics Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 934.65, 2021 is 523.07, 2020 is 369.46. PAT from Sep 2022 is 681.74.
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