Chamunda Electricals IPO Details
The key details of Chamunda Electricals’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹14.60 Cr |
| Price Range | ₹47 - ₹50 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 3000 |
| Investment (cut-off price) | ₹1,50,000 |
| Pre IPO Promotor Holding | 97.46% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Chamunda Electricals IPO Timelines
The IPO process for Chamunda Electricals includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
04/02/2025
Start Date06/02/2025
End Date10/02/2025
Refund Initiation10/02/2025
Credit of Shares to Demat Ac11/02/2025
Listing DateChamunda Electricals IPO Lot Size
The Chamunda Electricals IPO has a fixed lot size of 3,000 shares, at an upper price band of ₹50 per share, requiring ₹150,000 per lot for retail investors. For HNI investors, the minimum application is 6,000 shares (2 lots) amounting to ₹300,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹1,50,000 |
| Retail Maximum | 1 | 3000 | ₹1,50,000 |
| HNI Minimum | 2 | 6000 | ₹3,00,000 |
Chamunda Electricals IPO Subscription Status
The subscription status for Chamunda Electricals IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 155.85x | 1943.49x | 554.13x | -- | 738.06x |
IPO Performance on Listing Day
On the listing day (February 11, 2025), Chamunda Electricals made a strong debut on the stock exchange. The stock opened at ₹70, delivering an impressive premium of 40% over its issue price of ₹50. During the trading session, after touching a high of ₹71, the stock witnessed some profit booking that brought it to ₹66.50. The shares ended their first trading day at ₹66.50, securing a solid gain of 33% over the issue price, reflecting positive investor interest in this electrical equipment manufacturer.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹70 | ₹66.50 | ₹71 | ₹66.50 |
Chamunda Electricals IPO Company Financials
Chamunda Electricals reports robust performance in FY2024 with Total Income of ₹19.95 crores, managing expenses at ₹16.60 crores, and achieving a strong PAT (Profit After Tax) of ₹2.44 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹11.23 | ₹12.02 | ₹-0.51 |
| FY 2023 | ₹13.94 | ₹13.59 | ₹0.31 |
| FY 2024 | ₹19.95 | ₹16.60 | ₹2.44 |
| FY 2025 (9M) | ₹18.29 | ₹14.45 | ₹2.81 |
About Company
Chamunda Electricals Limited, founded in June 2013, specializes in the operation and maintenance of substations up to 66 KV, testing and commissioning of substations up to 220 KV, and solar power generation, with a capacity of 1.5 MW. The company offers services including the erection of EHV class equipment, structures, earthing, control cable works, and other tasks related to substations up to 220 KV. Chamunda Electricals has a team of over 600 engineers, supervisors, and support staff, skilled at handling complex projects with precision.
With a focus on providing tailored services, Chamunda Electricals has developed strong relationships with clients across various industries, delivering solutions to meet their specific needs. The company’s commitment to nurturing long-term client relationships and engaging in continuous dialogue allows them to better understand customer requirements and explore new opportunities for collaboration. This approach has enabled Chamunda to maintain a strong presence in the electrical and solar power sectors.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2013 | Electricals | Chiragkumar Patel |
Know Before Investing
Chamunda Electricals IPO Strengths
- Chamunda Electricals specializes in operating and maintaining substations up to 66 KV and testing for up to 220 KV, showcasing technical proficiency.
- With a team of over 600 engineers and supervisors, the company is well-equipped to handle complex projects efficiently.
- In addition to substation services, Chamunda provides a range of electrical engineering solutions, enhancing its market appeal.
- The increasing need for reliable electrical infrastructure supports sustained demand for the company’s services.
- The company maintains a manageable debt-to-equity ratio of 0.78, indicating a balanced approach to financing.
- Chamunda has built strong relationships with key clients, ensuring a steady stream of projects and revenue.
Chamunda Electricals IPO Risks
- The electrical services industry is competitive, potentially impacting profit margins and growth opportunities for the company.
- A significant portion of revenue may come from government projects, exposing the company to risks associated with policy changes and funding availability.
- The company’s performance is closely tied to economic conditions; downturns could adversely affect demand for electrical services.
- Delays or cost overruns in project execution could negatively impact profitability and investor returns.
- Chamunda must comply with various regulations; non-compliance could lead to legal penalties and operational disruptions.
- A substantial portion of revenue may depend on a few major clients, increasing vulnerability to contract losses or reduced orders.
- While the company has shown growth, historical fluctuations in revenue and profits may raise concerns about future stability.
- Concentration of operations in specific regions may expose the company to local economic fluctuations and regulatory changes.
Swot Analysis for Chamunda Electricals IPO
Strengths
Established brand reputation, Diverse product range, Strong distribution network
Weaknesses
High dependence on domestic market, Limited global presence, Recent financial instability
Opportunities
Growing demand for electrical products, Expansion into renewable energy, Technological advancements
Threats
Intense competition in electrical industry, Fluctuating raw material prices, Regulatory compliance challenges
Company 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/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of Chamunda Electricals IPO 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; and
- To meet out the Issue Expenses.
GYR Capital Advisors Private Limited is the book-running lead managers for the Chamunda Electricals IPO.