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Chaman Metallics

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.

DRHP
₹38 - ₹38207.88x sub
Listed Price₹68.00
Listing Gain+78.95%

IPO Schedule & Timeline

Fixed Price IPO
Open04 Jan 2023
Close06 Jan 2023
Allotment12 Jan 2023
Listing16 Jan 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Market Maker3,24,000 shares
5.08%
Nii (hni)30,24,000 shares
47.46%
Retail30,24,000 shares
47.46%

Minimum Application Lots

Retail1 Lot (3,000 shares)
₹1,14,000
HNI2 Lots (6,000 shares)
₹2,28,000

Company Promoters

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

Company Background

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...

Lead Managers & Bankers

Hem Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar 2020)₹5837.14 Cr
Growth-47.8%
Revenue Trend (₹ in Crores)
0.07.1k14.2k21.3kSep 2022Mar 2022Mar 2021Mar 2020
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar 20205837.14369.465399.391976.17
Mar 202114075.89523.075872.41392.81
Mar 202218546.32934.657378.592515.81
Sep 202211182.43 681.749085.521608.17

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values00%0%6.730

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
12 Jan 2023
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
16 Jan 2023

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Chaman Metallics. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization12 Jan 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date16 Jan 2023Trading commences on exchange

How to Check Chaman Metallics Allotment Online

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Official FilingDRHP

Allotment FAQs & Help

About Chaman Metallics IPO

Complete issue overview for Chaman Metallics (CMNL) IPO. The issue features an equity share price band of ₹38 per share with a minimum retail lot size of 3000 Shares (minimum application amount of ₹1,14,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions