Chamunda Electrical Limited IPO Details
SME
Chamunda Electrical IPO opens for subscription on 04 Feb 2025 and closes on 06 Feb 2025. The IPO will be listed on NSE with the tentative listing date set for 11 Feb 2025.
Chamunda Electrical IPO price band has been fixed at ₹47 – ₹50 per share.The face value is ₹10 per share with a lot size of 3000.
Chamunda Electrical IPO total issue size comprises 29,19,000 shares (aggregating up to ₹14.60 Cr). This includes a fresh issue of 29,19,000 shares (aggregating up to ₹ 14.60 Cr). Pre-issue shareholding stands at 80,85,594, which will increase to 1,10,04,594 post-issue.
Chamunda Electrical IPO carries a ₹20 (40.0%) GMP, reflecting investor sentiment.
Chamunda Electrical IPO Lot Size : Retain Minimum is 1 lot (3,000 shares) amounting to ₹150,000. Retain Maximum is 1 lot (3,000 shares) amounting to ₹150,000. SHNI Minimum is 2 lots (6,000 shares) amounting to ₹300,000.
The Lead Managers for Chamunda Electrical IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Wiinance Financial Services Private Limited. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Chamunda Electrical Limited RHP.
Chamunda Electrical IPO Details
Chamunda Electrical IPO Subscription
Chamunda Electrical IPO Application Wise Breakup
Chamunda Electrical IPO Dates
- 04 Feb 2025Opening dateOPD
- 06 Feb 2025Closing dateCOD
- 07 Feb 2025Allotment Date BOA
- 10 Feb 2025Initiation of RefundsIOR
- 10 Feb 2025Credit of SharesCOS
- 11 Feb 2025Listing dateLID
Chamunda Electrical IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 3000 | ₹150,000 |
| Retain Maximum | 1 | 3000 | ₹150,000 |
| SHNI Minimum | 2 | 6000 | ₹300,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Chamunda Electrical IPO Reservation
Promoter Holding
Chamunda Electrical IPO Valuations
Chamunda Electrical Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 12.13 | 8.71 | 8.74 | |||||||||||||||||||||||||||
| Revenue | 20.07 | 14.01 | 11.32 | |||||||||||||||||||||||||||
| Profit After Tax | 2.46 | 0.31 | -0.51 | |||||||||||||||||||||||||||
| Net Worth | 5.89 | 3.43 | 3.12 | |||||||||||||||||||||||||||
| Reserves and Surplus | 3.89 | 1.43 | 1.12 | |||||||||||||||||||||||||||
| Total Borrowing | 4.61 | 3.69 | 4.65 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About Chamunda Electrical IPO
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
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
Strength Of Chamunda Electrical IPO
1. Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.
2. Support of efficient supply-chain enable us to have long standing and deep customer relationships.
3. Quality assurance and quality control of our products and as a result we received various awards and accreditations.
4. Advanced in-house processing facilities with focus on cost competitiveness.
5. Comprehensive product portfolio enables us to serve our customers spread across the globe.
6. Demonstrated history of financial performance and a scalable business model.
7. Experienced promoter and management team.
Risk Of Chamunda Electrical IPO
1. The company derives significant portion of its revenue from Operation, Maintenance, Testing and Commissioning of Electrical Sub-stations activity as accounted for 85.45%, 96.38%, 92.78%, and 97.22% of its revenue from operations in the period ended December 31, 2024, Fiscal 2024, 2023 and 2022 respectively. An inability to anticipate and adapt to evolving customer preferences and demand for particular project, or ensure project quality may adversely impact its business, results of operations, financial condition and cash flows.
2. Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
3. Its revenues largely depended on acceptance of the bids submitted to the Government and other agencies. The company performance could be affected in case majority of the bids are not accepted / awarded.
4. The company is majorly engaged in Operation, Maintenance, Testing and Commissioning of Electrical Substations activity which is working capital intensive.
5. The company requires certain approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company operations.
6. The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under operation & maintenance projects may be subject to cost overruns and can impact the company reputation and future projects.
7. The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.
8. Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
9. Its revenues are highly dependent on the company operations in geographical region of State of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.
10. Its top customer contributes majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.
Objectives Chamunda Electrical IPO
- 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.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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