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SME IPO Status: Listed [4th Jan 2023 to 6th Jan 2023]
Chaman Metallics Limited offers a SME IPO issue size of 63,72,000 equity shares worth of Rs 24.21 Cr. This SME IPO is opening for subscription from 04 Jan 2023 to 06 Jan 2023. The face value of the equity share is Rs 10 per share and the offer price is at Rs 38 per share. and the minimum lot size is 3,000 shares and their multiples.
Check out Chaman Metallics Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 4th Jan 2023 |
| SME IPO Issue Closing Date: | 6th Jan 2023 |
| SME IPO Issue Price: | ₹38 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the Net Issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹24.21Cr |
| Fresh Issue: | ₹24.21Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.60% |
| Allotment Status: | Allotment Status |
| NSE Code: | CMNL |
Get important updates regarding Chaman Metallics SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Jan 2023 |
| Refunds Initiation* | 12th Jan 2023 |
| Credit of Shares to Demat* | 13th Jan 2023 |
| SME IPO Listing Date* | 16th Jan 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹38 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹114000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-01-2023 | 38 | 29 | 55000 | ₹67 (76.32%) | 16-Jan-2023 9:08 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Chaman Metallics Limited was 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 its sponge iron business, they cater to the metallic requirements of steel producers in selected geographies. They derive benefits after its acquisition by GR Group, which operates invarious segment of steel i.e. Ferro alloys, Sponge Iron, MS Ingots and re-rolled products.
Chaman Metallics' manufacturing unit is based at Chandrapur, Maharashtra and is spread across an area of around 63 acres of land. At its 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 March 31, 2022. The strategic location of its sponge iron manufacturing facility aids its access to high-quality iron ore, iron ore pellets, coal and dolomite which are the major raw materials for sponge iron manufacturing.
They are a customer centric Company, constantly striving to create value for its customers through quality products offered and committed deliveries. Currently, they sell its products primarily in the state of Maharashtra, Odisha and Chhattisgarh. Some of their customers include Rajesh Steel & Wire Industries (New), R.K. Steel Sales, SMW Ispat Pvt Ltd, Gajkesari Steels & Alloys Pvt. Ltd etc.
| Incorporation | Sector | IPO Issue Size | Website |
| 2003 | Manufacturing Metals & Chemicals | ₹24.21Cr | http://www.cmlgrgroup.com/ |
The company intends to utilize the proceeds of the Issue to meet the following objectives: -
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 3,024,000 (50%) | 3,024,000 (50%) | 6,048,000 | |
| 1 | 4th Jan 2023 17:02 | 1.87x | 7.78x | 4.83x |
| 2 | 5th Jan 2023 17:02 | 11.16x | 28.55x | 19.86x |
| 3 | 6th Jan 2023 19:02 | 255.92x | 159.85x | 207.88x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 5399.39 | 5837.14 | 369.46 | 2350.21 | 1560.75 | 1976.17 |
| 31-Mar-21 | 5872.4 | 14075.89 | 523.07 | 2873.29 | 2083.83 | 1392.81 |
| 31-Mar-22 | 7378.59 | 18546.32 | 934.65 | 3807.94 | 3018.48 | 2515.81 |
| 30-Sep-22 | 9085.52 | 11182.43 | 681.74 | 4473.17 | 2696.89 | 1608.17 |
| Amount in ₹ Lakhs | ||||||
Last Updated on 19-Jan-2023 08:00:12
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Chaman Metallics SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Chaman Metallics SME IPO with Zerodha.
Alternate approch to apply in Chaman Metallics SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Chaman Metallics SME IPO Review and Important Updates
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To subscribe or apply in Chaman Metallics SME IPO, you can use the following methods:
| Chaman Metallics SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Chaman Metallics SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Chaman Metallics SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Chaman Metallics SME IPO. Most of the Syndicate Banks provide access to apply in Chaman Metallics IPO via ASBA process. You must have your net banking access, DP ID information to apply in Chaman Metallics SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Chaman Metallics SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Chaman Metallics SME IPO Review and Important Updates
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Chaman Metallics SME IPO is going to be list on 16-01-2023. NSE Code for Chaman Metallics is CMNL. BSE Code for Chaman Metallics is .
Other relevant questions:
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Chaman Metallics SME IPO Allotment Date is 11-01-2023.
Other relevant questions:
Chaman Metallics SME IPO share allotment date?Chaman Metallics SME IPO allotment date?
