Chaman Metallics Limited IPO Review & Recommendations
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January 04, 2023 - January 06, 2023
Closed
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Chaman Metallics Limited IPO Review
This company was Incorporated in 2003, They are primarily engaged in the business of manufacturing and selling Direct Reduced Iron “sponge iron”. Sponge iron is mainly used the raw material for making steel in electric furnaces and induction furnaces. Their sponge iron business caters to the metallic requirements of steel producers in the selected geographies. Their Company was under the control of MSP Group from 2006 to 2019. In 2019, the Company was acquired by Raipur-based GR Group which is in the steel business since 1996. products. Their Business Strategies Focus on consistently meeting, continuing to strengthen, continue to strive for cost efficiency, and quality standards.
Chaman Metallics Limited Products and Services
They are a customer centric company constantly striving to create the value for its customers through quality products offered & committed deliveries. Currently, they sell their products primarily in the state of Maharashtra, Odisha, and Chhattisgarh. Their Strengths are standardized product quality, a Strategically located manufacturing unit, Experienced Management Team. Their business operations are organized synergistically, and they derive benefits after their acquisition by GR Group, which operates in various segments of steel i.e., Ferro alloys, Sponge Iron, MS Ingots and re-rolled
Financial Overview
Per the company’s Details, this company is engaged with manufacturing and marketing which is a highly competitive segment, based on recent data Investors can think to apply for this IPO.
Frequently Asked Question
Face value of Chaman Metallics Limited IPO is ₹10 per share.
Post-issue shareholding of the Chaman Metallics Limited IPO promoter is 73.60%.
If allotted, you will receive Chaman Metallics Limited IPO shares in your Demat account on Jan 13, 2022.
Opening date of Chaman Metallics Limited IPO is Jan 04, 2022.
IPO application is an online process by using UPI or ASBA as payment method. ASBA IPO application is already available in the net banking of your respective bank account and UPI application is offered by your Stock broker, you can invest in SVS Limited IPO using any one of these method as per your convenience.
Per share price of Chaman Metallics Limited IPO is ₹38 per share.
Lot size of the Chaman Metallics Limited IPO is 3000 shares.
If you do not get the allotment of Chaman Metallics Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Chaman Metallics Limited IPO Shares will get listed at NSE SME.
Minimum and maximum order quantity is 1 lot only.
Chaman Metallics Limited IPO shares will get listed on Jan 16, 2022.
Closing date of Chaman Metallics Limited IPO is Jan 06, 2022.
Pre-issue shareholding of the Chaman Metallics Limited IPO promoter is 100.00%.
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