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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹24.21 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹24.21 Cr |
| Fresh Issue | ₹22.98 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹38.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | CMNL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 3,000 shares and in multiples thereof
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 16.50 |
| 2 | General Corporate Purpose | 5.77 |
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 90.86 | 73.79 | 58.72 | 53.99 |
| Total Income | 111.82 | 185.46 | 140.76 | 58.37 |
| Profit After Tax | 6.82 | 9.35 | 5.23 | 3.69 |
| NET Worth | 44.73 | 38.08 | 28.73 | 23.50 |
| Reserves and Surplus | 26.97 | 30.18 | 20.84 | 15.61 |
| Total Borrowing | 16.08 | 25.16 | 13.93 | 19.76 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 24.54% |
| ROCE | 25.72% |
| Debt / Equity | 0.66% |
| RoNW | 24.54% |
| PAT Margin | 5.04% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.26 | |
| P/E (x) | 6.73 | |
| Promoter Holding | 100.00% | 73.60% |
| Market Cap | ₹91.71 Cr. | |
