← IPO Calendar

Chaman Metallics IPO IPO

Mainline4 Jan 20236 Jan 2023
Open
4 Jan 2023
Close
6 Jan 2023
3
Allotment
Listing
Mon, Jan 16, 2023
Price Band
₹38 per share
Issue Size
63,72,000 shares (agg. up to ₹24 Cr)
Lot Size
3,000 Shares
Listing Date
Mon, Jan 16, 2023
Latest GMP
₹29
Est. Gain
76.32%
✦ AI Insight

GMP Trend

16-01-202329Est. ₹67+76.32%
15-01-202332Est. ₹70+84.21%
14-01-202332Est. ₹70+84.21%

Live Subscription

CategorySubscription (times)
Total204.20x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets90.8673.7958.7253.99
Total Income111.82185.46140.7658.37
Profit After Tax6.829.355.233.69
NET Worth44.7338.0828.7323.50
Reserves and Surplus26.9730.1820.8415.61
Total Borrowing16.0825.1613.9319.76
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1To meet Working Capital requirements16.50
2General Corporate Purpose5.77

About Chaman Metallics IPO

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. Some of the competitive strengths, Chaman Metallics is proud of, are: Strategically located manufacturing unit Stringent quality control mechanism ensuring standardized product qua

Contact Details

Chaman Metallics Ltd. AddressA-26, M.I.D.CTadali Growth Centre, TadaliChandrapurChandrapur, Maharashtra, 442406+91-771-4259100cs@cmlgrgroup.comVisit Website