Chaman Metallics SME IPO Date, GMP, Price, Review, Allotment

Incorporated in 2003, Chaman Metallics Limited is 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.

Chaman Metallics has been granted ISO 9001:2015 for its superior management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management system proficiency.

The company manufacturing unit is based in Chandrapur, Maharashtra. The manufacturing facility is spread across an area of around 63 acres of land. The unit has a capacity of 72,000 MT (2 X 100 MTPD) for the production of sponge iron through two Rotary kilns as of March 31, 2022.

The company sell its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. Some of the company’s customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt. Ltd etc.

Chaman Metallics SME IPO Date & Price Band.

Chaman Metallics SME IPO Market Lot

The Chaman Metallics IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).

Shares: Minimum 3000 shares

Minimum Amount: ₹114,000

Maximum Amount: ₹114,000

Chaman Metallics SME IPO Allotment & Listing:

• Basis of Allotment: Jan 11, 2023
• Refunds: Jan 12, 2023
• Credit to Demat accounts: Jan 13, 2023
• Listing: Jan 16, 2023

Chaman Metallics SME IPO Form

You can apply in Chaman Metallics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

Chaman Metallics SME Company Financial Report

Chaman Metallics SME IPO Valuation – FY2022

Peer Group

• Bihar Sponge Iron Limited
• Lloyds Metals And Energy Limited

Company Promoters

• Chetan Agrawal,
• Keshav Kumar Agrawal
• G.R. Sponge
• Power Limited, and N.R. Sponge Private Limited

Chaman Metallics SME IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Company Address

Chaman Metallics Limited
A-26, M.I.D.C,
Tadali Growth Centre,
Chandrapur, Maharashtra-442406
Phone: +91-771-4259100
Email: [email protected]
Website: http://www.cmlgrgroup.com/

Quick Links:

  Chaman Metallics IPO DRHP

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About Chaman Metallics SME IPO

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Chaman Metallics SME Allotment Status
Chaman Metallics SME IPO Listing Date Chaman Metallics SME IPO Subscription (Live)

Objects of the Issue:

• Financing the expenditure for opening new stores.
• To repay of short term borrowings.
• To meet Working Capital requirements.
• General Corporate Purpose.
• To meet issue expenses

Chaman Metallics SME IPO FAQs