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Chaman Metallics Limited

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.

₹38 - ₹38207.88x sub
Listed Price68.00
Listing Gain+78.95%
TimelineFixed Price IPO
Open04 Jan 2023
Close06 Jan 2023
Allotment12 Jan 2023
Listing16 Jan 2023

Quota Reservation Portions

Market MakerPortion: 3,24,000 shares
5.08%
Nii (hni)Portion: 30,24,000 shares
47.46%
RetailPortion: 30,24,000 shares
47.46%

Minimum Application Bracket Matrix

Retail1 lots / 3,000 shares
₹1,14,000
HNI2 lots / 6,000 shares
₹2,28,000

About the 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.

Company Promoters

Chetan AgrawalKeshav Kumar Agrawal G.R. Sponge and Power LimitedN.R. Sponge Private Limited

Registrar

Link Intime India Private Limited