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
Chamunda Electricals IPO – Details
| IPO Opening Date | 04 February 2025 |
| IPO Closing Date | 06 February 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 29,19,000 Shares Worth ₹14.60 Crore Fresh Issue: 29,19,000 Shares Worth ₹14.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹47 – ₹50 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Chamunda Electricals IPO – Date Schedule
| IPO Open Date | 04 February 2025 |
| IPO Close Date | 06 February 2025 |
| Basis of Allotment | 07 February 2025 |
| Initiation of Refund | 10 February 2025 |
| Credit of Shares to Demat Account | 10 February 2025 |
| IPO Listing Date | 11 February 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 06, 2025 |
Chamunda Electricals IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹1,50,000 |
| Retail (Max) | 1 | 3000 | ₹1,50,000 |
| HNI (Min) | 2 | 6000 | ₹3,00,000 |
Competitive Strengths
- 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 Promoters
- Mr. Chiragkumar Natvarlal Patel
- Mr. Natvarbhai K Rathod
- Mrs. Purnikaben C Patel
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 11.32 | 12.01 | –0.51 | 4.65 |
| 31 March 2023 | 14.01 | 13.59 | 0.31 | 3.69 |
| 31 March 2024 | 20.06 | 16.59 | 2.46 | 4.61 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 52.83% |
| ROCE | 36.73% |
| Debt/Equity | 0.78 |
| RoNW | 41.79% |
| PAT Margin | 12.34 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 3.04 | 2.24 |
| P/E (x) | 16.43 | 22.36 |
Object Of The Issue
- 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; and 5. To meet out the Issue Expenses.
Chamunda Electricals IPO Promoter Holding
| Pre Issue Share Holding | 97.46% |
| Post Issue Share Holding | – |
Chamunda Electricals IPO Prospectus
- Chamunda Electricals IPO DRHP
- Chamunda Electricals IPO RHP
Company Contact Information
| Chamunda Electricals 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 Electricals IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: cel.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Chamunda Electricals IPO Lead Manager(s)
| 1. GYR Capital Advisors Private Limited |
Chamunda Electricals IPO FAQs
| What is Chamunda Electricals IPO? Chamunda Electricals IPO is a SME IPO. The issue is priced at ₹47 to ₹50 per equity share. The IPO is to be listed on NSE SME. |
| When Chamunda Electricals IPO will open? The IPO is to open on 29 February 2025 for QIB, NII, and Retail Investors. |
| What is Chamunda Electricals IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Chamunda Electricals IPO? You can apply Chamunda Electricals IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chamunda Electricals IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chamunda Electricals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Chamunda Electricals IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chamunda Electricals IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chamunda Electricals IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Chamunda Electricals IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Chamunda Electricals IPOO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Chamunda Electricals IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Chamunda Electricals IPO Size? Chamunda Electricals IPO size is ₹14.60 Crore. |
| What is the Chamunda Electricals IPO Price Band? Chamunda Electricals IPO Price Band is ₹47 to ₹50. |
| What is Chamunda Electricals IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3000 Shares with ₹1,50,000 amount while the maximum bid is 3000 Shares with ₹1,50,000. |
| What is the Chamunda Electricals IPO Allotment Date? Chamunda Electricals IPO allotment date is 07 February 2025. |
| What is the Chamunda Electricals IPO Listing Date? Chamunda Electricals IPO listing date is 11 February 2025. The IPO is to be listed on NSE SME. |
