IPO – Chaman Metallics Limited 


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:

  1. Strategically located manufacturing unit
  2. Stringent quality control mechanism ensuring standardized product quality
  3. Long-standing relationship with our customers
  4. Well Qualified and Experienced Management Team

Objectives of the Issue

The company intends to utilize the proceeds of the Issue to meet the following objectives: –

  1. To meet Working Capital requirements
  2. General Corporate Purpose
  3. To meet issue expenses

SMART IPO using UPI, you can now apply online
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Further any clarification, feel free to contact your Branch / Relationship Manager.

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Team Goodwill

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