Chamunda Electrical IPO Details
IPO Open and Close Dates:
Chamunda Electrical IPO opens on February 4, 2025, and closes on February 6, 2025. The IPO is a Book Built Issue, with the company aiming to raise approximately ₹14.60 crores, comprising a fresh issue of ₹14.60 crores.
IPO Price Band and Quotas:
- Price Band: ₹47 to ₹50 per share
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-worth Individuals (HNI): 15%
- Listing Exchange: NSE SME
- Allotment Date: February 7, 2025
- Listing Date: February 11, 2025
Financial Performance:
- Revenue: ₹20.07 crores in 2024 (vs. ₹14.01 crores in 2023)
- Profit: ₹2.46 crores in 2024 (vs. ₹0.31 crores in 2023)
- IPO Recommendation: Suitable for long-term investment
Chamunda Electrical IPO Summary
| Details | Information |
|---|---|
| IPO Open Date | February 4, 2025 |
| IPO Close Date | February 6, 2025 |
| Face Value | ₹10 per equity share |
| Issue Size | Approx. ₹14.60 Crores |
| Fresh Issue | Approx. ₹14.60 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Prospectus (DRHP & RHP) | [Click Here] |
| Anchor Investors List | [Click Here] |
Market Lot Size
| Investor Type | Lot Size | Shares | Investment Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3,000 | ₹1,50,000 |
| Retail Maximum | 1 | 3,000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 6,000 | ₹3,00,000 |
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | February 4, 2025 |
| IPO Close Date | February 6, 2025 |
| Basis of Allotment | February 7, 2025 |
| Refunds Initiation | February 10, 2025 |
| Credit to Demat Account | February 10, 2025 |
| Listing Date | February 11, 2025 |
Company Background
Chamunda Electrical Limited, established in June 2013, specializes in operation and maintenance of substations up to 66 KV, testing and commissioning of electrical substations up to 220 KV, and solar power generation (1.5 MW capacity). The company provides services including:
- Installation and commissioning of electrical equipment
- Erecting EHV class equipment and structures
- Substation control cable and earthing works
- Maintenance and testing services
With 600+ engineers, supervisors, and supporting staff, Chamunda Electrical has built strong relationships with clients through its reliable service offerings.
Financial Report (in Crores)
| Year | Revenue | Expenses | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹11.32 | ₹12.02 | ₹0.51 | ₹8.74 |
| 2023 | ₹14.01 | ₹13.59 | ₹0.31 | ₹8.71 |
| 2024 | ₹20.07 | ₹16.60 | ₹2.46 | ₹12.13 |
IPO Valuation (FY2024)
| KPI | Value |
|---|---|
| Return on Equity (ROE) | 52.83% |
| Return on Capital Employed (ROCE) | 36.73% |
| EBITDA Margin | 23.50% |
| PAT Margin | 12.34% |
| Debt-to-Equity Ratio | 0.78 |
| Earnings Per Share (EPS) | ₹3.73 (Basic) |
| Return on Net Worth (RoNW) | 41.79% |
| Net Asset Value (NAV) | ₹4.72 |
Objectives of the Issue
The company plans to utilize the IPO proceeds for:
- Purchase of new testing kits and equipment
- Working capital requirements
- Repayment of term loans and cash credit
- General corporate purposes
- Issue expenses
Chamunda Electrical IPO Registrar
- Registrar: KFin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: cel.ipo@kfintech.com
- Website: KFinTech IPO Status
Lead Manager (Merchant Banker)
- GYR Capital Advisors Private Limited
Company Contact Information
- Chamunda Electrical Limited
- Address: Shop No.113,114, Sakar Building, Opp. Petrol Pump, Near Railway Fatak, Palanpur-385001
- Phone: +91 99789 12471
- Email: info@chamundaconst.com
- Website: Chamunda Electrical
Chamunda Electrical IPO FAQs
What is the Chamunda Electrical IPO?
Chamunda Electrical IPO is a Mainboard IPO aiming to raise ₹275 Crores. The issue price is ₹51 to ₹52 per share, and the IPO will list on BSE & NSE.
When will Chamunda Electrical IPO open?
The IPO opens for subscription on February 4, 2025, and closes on February 6, 2025.
How to apply for Chamunda Electrical IPO?
Investors can apply via ASBA online through their bank or UPI via stock brokers. Offline applications via stock brokers are also available.
What is the Chamunda Electrical IPO lot size?
The minimum bid is 1,600 shares, amounting to ₹1,20,000.
When will the IPO be listed?
The IPO is scheduled to list on February 11, 2025, on NSE SME.
Note: The IPO price band and dates are officially announced. Chamunda Electrical IPO Grey Market Premium (GMP) updates will be available closer to the listing date.