Chamunda Electrical Limited IPO (Chamunda Electrical IPO) Detail
Chamunda Electrical IPO is a book built issue of Rs 14.60 crores. The issue is entirely a fresh issue of 29.19 lakh shares.
Chamunda Electrical IPO bidding started from February 4, 2025 and ended on February 6, 2025. The allotment for Chamunda Electrical IPO was finalized on Friday, February 7, 2025. The shares got listed on NSE SME on February 11, 2025.
Chamunda Electrical IPO price band is set at ₹50 per share. The minimum lot size for an application is 3000. The minimum amount of investment required by retail investors is ₹1,41,000. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹1,50,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹3,00,000.
GYR Capital Advisors Private Limited is the book-running lead manager of the Chamunda Electrical IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Chamunda Electrical IPO is Wiinance Financial Services Private Limited.
Refer to Chamunda Electrical IPO RHP for detailed information.
Chamunda Electrical IPO Details
| IPO Date | February 4, 2025 to February 6, 2025 |
| Listing Date | February 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 29,19,000 shares (aggregating up to ₹14.60 Cr) |
| Fresh Issue | 29,19,000 shares (aggregating up to ₹14.60 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,85,594 shares |
| Share Holding Post Issue | 1,10,04,594 shares |
| Market Maker Portion | 1,65,000 shares Wiinance Financial Services Private Limited |
Chamunda Electrical IPO Reservation
Chamunda Electrical IPO offers 29,19,000 shares. 5,52,000 (18.91%) to QIB, 4,14,000 (14.18%) to NII, 9,66,000 (33.09%) to RII and 8,22,000 (28.16%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 8,22,000 (28.16%) |
| Market Maker Shares Offered | 1,65,000 (5.65%) |
| QIB Shares Offered | 5,52,000 (18.91%) |
| NII (HNI) Shares Offered | 4,14,000 (14.18%) |
| Retail Shares Offered | 9,66,000 (33.09%) |
| Total Shares Offered | 29,19,000 (100%) |
Chamunda Electrical IPO Anchor Investors Details
Chamunda Electrical IPO raises Rs 4.11 crore from anchor investors. Chamunda Electrical IPO Anchor bid date is February 3, 2025. Chamunda Electrical IPO Anchor Investors list
| Bid Date | February 3, 2025 |
| Shares Offered | 8,22,000 |
| Anchor Portion Size (In Cr.) | 4.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 7, 2025 |
Chamunda Electrical IPO Timeline (Tentative Schedule)
Chamunda Electrical IPO opens on February 4, 2025, and closes on February 6, 2025.
| IPO Open Date | Tue, Feb 4, 2025 |
| IPO Close Date | Thu, Feb 6, 2025 |
| Tentative Allotment | Fri, Feb 7, 2025 |
| Initiation of Refunds | Mon, Feb 10, 2025 |
| Credit of Shares to Demat | Mon, Feb 10, 2025 |
| Tentative Listing Date | Tue, Feb 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 6, 2025 |
Chamunda Electrical IPO Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,50,000 |
| Retail (Max) | 1 | 3000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
| Lot Size Calculator | |||
Chamunda Electrical IPO Promoter Holding
| Share Holding Pre Issue | 97.46% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
About Chamunda Electrical Limited
Founded in June 2013, Chamunda Electricals Limited specializes in operating and maintaining up to 66 KV substations, testing and commissioning for up to 220 KV substations, and 1.5 MW solar power generation. The company’s services include erecting EHV class equipment, structures, earthing, control cable works, and other associated tasks for up to 220 KV (D Class) substations.
The company has a team of more than 600 engineers, supervisors and other supporting staff well-equipped to handle complex projects with a high degree of accuracy.
The company’s business can be divided into the following categories
- Operation, Maintenance, Testing & Commissioning of Electrical Sub-stations
- Set up a solar power generation park
- Installation and commissioning of electrical equipment designed to operate at voltages typically up to 220 kV
As on December 31, 2024, the company had 637 full-time employees.
Competitive Strength
- Decade long years of industry experience with strong execution capabilities
- Strong Promoters and Board of Directors supported by an experienced senior management team
- Advanced Equipment & Skilled Workforce for Precision
- Scalable Business Model with a strong work order book
Company Financials
Chamunda Electrical Limited Financial Information (Restated)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 18.06 | 12.13 | 8.71 | 8.74 |
| Revenue | 18.43 | 20.07 | 14.01 | 11.32 |
| Profit After Tax | 2.81 | 2.44 | 0.31 | -0.51 |
| Net Worth | 10.93 | 5.86 | 3.43 | 3.12 |
| Reserves and Surplus | 2.84 | 3.86 | 1.43 | 1.12 |
| Total Borrowing | 2.92 | 4.61 | 3.69 | 4.65 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
The market capitalization of Chamunda Electrical IPO is Rs 55.02 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 52.43% |
| ROCE | 36.82% |
| Debt/Equity | 0.78 |
| RoNW | 41.54% |
| PAT Margin | 12.21 |
| Price to Book Value | 10.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.01 | 3.41 |
| P/E (x) | 16.59 | 14.66 |
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2024 that is available in RHP.
Objects of the Issue (Chamunda Electrical IPO Objectives)
The objects of the Issue are: –
- To meet the Capital Expenditure for Purchase of New Testing Kit and Equipments;
- Funding the working capital requirements of the company;
- Repayment of Term Loans and Cash Credit;
- To meet General Corporate Purposes;
- To meet out the Issue Expenses.
Chamunda Electrical IPO Review (Apply)
[Dilip Davda] The company is providing specialized services of O & M and testing of sub-stations and solar power generation park. It has ongoing O & M contracts worth Rs. 64+ cr. It marked growth in its top and bottom lines, but sudden boost in its bottom lines from FY24 onwards raise eyebrows. Based on its recent financial performance, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review…
Chamunda Electricals IPO Subscription Status (Bidding Detail)
The Chamunda Electricals IPO is subscribed 737.97 times on February 6, 2025 6:19:59 PM (Day 3). The public issue subscribed 554.13 times in the retail category, 155.85 times in the QIB category, and 1,943.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 155.85 | 5,52,000 | 8,60,28,000 | 97 |
| NII* | 1,943.09 | 4,14,000 | 80,44,41,000 | 18,389 |
| Retail | 554.13 | 9,66,000 | 53,52,93,000 | 1,78,431 |
| Total | 737.97 | 19,32,000 | 1,42,57,62,000 | 1,96,917 |
Total Application : 1,96,917
*Market Maker portion is not included to NII/HNI.
Chamunda Electrical IPO Prospectus
Chamunda Electrical IPO Listing Details
| Listing Date | February 11, 2025 |
| BSE Script Code | |
| NSE Symbol | CHAMUNDA |
| ISIN | INE11HG01018 |
| Final Issue Price | ₹50 per share |
Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹71.00 |
| Last Trade | ₹66.50 |
Check IPO Performance…
Chamunda Electrical Limited Contact Details
Chamunda Electrical Limited
Shop No.113,114, Sakar Building Opp. Petrol Pump
Near Railway Fatak,
Palanpur-385001
Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: https://www.chamundaconst.com/
Chamunda Electrical IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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