Chaman Metallics Limited IPO GMP, Review, Price, Allotment
Chaman Metallics Limited is a company based in India that is set to go public through an initial public offering (IPO). The IPO is expected to take place on the National Stock Exchange of India (NSE).
The company is engaged in the manufacture and sale of galvanized steel and cold rolled steel products. It has a production capacity of around 100,000 metric tons per annum and serves a diverse customer base in the automotive, white goods, and construction sectors.
Investors interested in participating in the IPO can apply for shares through the ASBA (Application Supported by Blocked Amount) process, which allows investors to block the required amount in their bank accounts until the allocation of shares is announced.
Chaman Metallics Limited has a strong financial track record, with consistent revenue and profit growth over the past few years.
The IPO proceeds will be used to fund the expansion of the company’s production capacity and for general corporate purposes.
Overall, the Chaman Metallics Limited IPO is a good opportunity for investors looking for a strong and stable company in the manufacturing sector. The company’s financial performance and growth potential make it an attractive investment option.
Chaman Metallics Limited IPO Important Dates:
| Opening Date | 04 January 2023 |
| Closing Date | 06 January 2023 |
| Basis of Allotment | 11 January 2023 |
| Initiation of refunds | 12 January 2023 |
| Transfer of shares to demat accounts | 13 January 2023 |
| Listing Date | 16 January 2023 |
Chaman Metallics Limited IPO Details
| Chaman Metallics Limited IPO Price | ₹38 per share |
| Lot Size | 3000 Shares |
| Minimum Amount for 1 lot | ₹1,14,000 |
| Total IPO size | ₹24.21 crore |
| Offer for Sale | 6,372,000 shares |
| Listing At | NSE SME |
| Retail Quota | 50% |
| QIB Quota | – |
| NII Quota | 50% |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Objective of the Issue:
- To meet Working Capital requirements
- General Corporate Purpose
- To meet issue expenses
Company Financials:
(Amount in ₹ Lakhs)
| 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 |
IPO Valuation:
| Earning Per Share (EPS): | ₹5.26 per Equity Share |
| Price/Earning P/E Ratio: | 9.55 |
| Return on Net Worth (RoNW): | 24.54% |
| Net Asset Value (NAV): | ₹21.44 per Equity Share |
Company Promoters:
- Chetan Agrawal
- Keshav Kumar Agrawal
- G.R. Sponge and Power Limited
- N.R. Sponge Private Limited
IPO Registrar:
Phone: +91-22-4918 6270
Email: Sahpolymers.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Company Contact Information:
Chaman Metallics Limited
A-26, M.I.D.C,
Tadali Growth Centre, Tadali,
Chandrapur, Maharashtra-442406
Phone: +91-771-4259100
Email: cs@cmlgrgroup.com
Website: http://www.cmlgrgroup.com/
IPO Offer Lead Manager:
Hem Securities Limited
904, A wing, 9th Floor,
Naman Midtown, Senapati bapat marg,
Elphinstone road, Lower Parel, Mumbai 400 013
Website: https://www.hemsecurities.com
Email: ipoinfo@hemonline.com
Phone: +91 22 49060000
Chaman Metallics Limited IPO GMP today
| Chaman Metallics Limited IPO grey market premium | Subject to Sauda | Listing Gain |
| ₹29 | – | 50% |
Chaman Metallics Limited IPO Review:
| What our experts say about Chaman Metallics Limited IPO | APPLY |
Chaman Metallics Limited IPO Subscription Status live:
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | – |
| Non-Institutional Buyers | 255.92 |
| Retail Investors | 159.85 |
| Employees | – |
| Others | – |
| Total | 207.88 |
Chaman Metallics IPO Subscription Details (times)
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Jan 4, 2023 | 1.87 | 7.78 | 4.83 |
| Day 2 Jan 5, 2023 | 11.16 | 28.55 | 19.86 |
| Day 3 Jan 6, 2023 | 255.92 | 159.85 | 207.88 |
Chaman Metallics Limited IPO Allotment Status:
| Check Chaman Metallics Limited IPO Allotment Status | Click Here |
Chaman Metallics Limited IPO Listing Price:
| IPO Price Band | ₹38.00 |
| Open | ₹68.00 |
| Low | ₹64.60 |
| High | ₹68.00 |
| Close | ₹64.60 |
FAQ:
When will Chaman Metallics Limited IPO open for subscription?
Chaman Metallics Limited IPO is set to open on 04 December 2022.
What is Chaman Metallics Limited IPO Price Band?
Chaman Metallics Limited IPO Price Band is ₹38 per share.
What is the lot size of Chaman Metallics Limited IPO?
Lot size of Chaman Metallics Limited IPO is 3000 Shares per lot.
What is the issue size of Chaman Metallics Limited IPO?
Chaman Metallics Limited IPO issue size is ₹24.21 crore.
What is the last date to apply for Chaman Metallics Limited IPO?
Last date to apply Chaman Metallics Limited IPO is 06 January 2022.
What is the Chaman Metallics Limited IPO Allotment Date?
Allotment Date for Chaman Metallics Limited IPO is 11 January 2023.
What is the Chaman Metallics Limited IPO listing date?
Listing Date for Chaman Metallics Limited IPO is 16 January 2023.
Chaman Metallics Limited IPO should I buy?
Yes, you should apply Chaman Metallics Limited IPO.
How to apply Chaman Metallics Limited IPO through 5 Paisa?
- Login to your 5paisa account and select “Chaman Metallics Limited IPO” in the current IPO section.
- Enter the number of lots and price at which you wish to apply for the IPO.
- Enter your UPI ID and click on submit.
- You will receive a mandate notification to block funds in your UPI app.
- Approve the mandate request on your UPI and funds will be blocked