04 Jan 2023
06 Jan 2023
₹ 24.21 Cr
16 Jan 2023
₹ 38 per share
The company 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.
The comprises of fresh issuance of 6,372,000 shares aggregating to Rs. 24.12 crores.
The net proceeds from the issue will be used for: • To meet Working Capital requirements • General Corporate Purpose • To meet issue expenses
The Chaman Metallics Solutions IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹114,000).
The Chaman Metallics IPO allotment date is set for 11th Janaury.
Chaman Metallics is promoted by Chetan Agrawal, Keshav Kumar Agrawal, G.R. Sponge and Power Limited, and N.R. Sponge Private Limited.
Hem Securities is the book running lead managers to the issue.