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Chamunda Electricals IPO

Open Sme
NSE 04 February - 06 February 2025
Chamunda Electricals Limited IPO is a book build issue of 14.6 Cr. The issue is entirely a fresh issue of 2919000 shares aggregating to 14.6 Cr. Chamunda Electricals Limited IPO opened for subscription on Feb 04, 2025 and closed on Feb 06, 2025. The allotment for the this IPO was finalized on Feb 07, 2025. IPO was listed on NSE and BSE on Feb 11, 2025. Chamunda Electricals Limited IPO is set issue price band at ₹47 to ₹50 per share.

Current GMP

₹20 (+40.00%)

Price Band

₹ 47 – 50

Lot Size

3000

Issue Size

₹14.6 Cr

Minimum Investment

₹300000 (6000 Shares)

Listing Date

11 February 2025

Subscription

738.06x

About the Company

Chamunda Electricals Limited specializes in providing services related to the operation, maintenance, testing, and commissioning of electrical substations up to 220 kV, as well as the installation and commissioning of solar power generation systems. Their key services include:

  1. Operation & Maintenance of Electrical Substations: They handle the operation and maintenance (O&M) of substations up to 66 kV, ensuring reliability, safety, and efficiency in power transmission and distribution. They also conduct testing and commissioning of substations up to 220 kV.
  2. Solar Power Generation Park: The company has set up a 1.5 MW solar power generation park in Gujarat, with a 25-year Power Purchase Agreement (PPA) with Uttar Gujarat Vij Company Limited (UGVCL).
  3. Erection of EHV Class Equipment: They provide installation and commissioning services for Extra High Voltage (EHV) equipment, which is essential for power transmission systems up to 220 kV.

Chamunda Electricals is committed to offering customized solutions and fostering long-term relationships with clients across various industries. They aim to meet evolving customer needs and explore new service areas, particularly in the renewable energy sector, with a focus on solar energy's growth in India.

Promoters

  1. Mr. Chiragkumar Natvarlal Patel
  2. Mr. Natvarbhai K Rathod 
  3. Mrs. Purnikaben C Patel
Promoters Holding

Holding Pre Issue

97.46%

Holding Post Issue

0.00%

Objects of the Issue

The objects of the Issue are: -

  1. To meet out the Capital Expenditure for Purchase of New Testing Kit and Equipment’s;
  2. Funding the working capital requirements of the company;
  3. Repayment of Term Loans and Cash Credit;
  4. To meet out the General Corporate Purposes; and
  5. To meet out the Issue Expenses.

Address / Contact Info

Chamunda Electricals Limited
Shop No.113, 114, Sakar Building Opp.
Petrol Pump, Near Railway Fatak,
Palanpur - 385001
Gujarat

Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: https://www.chamundaconst.com/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 47 – 50
Lot Size3000
Issue TypeBook-building IPO
Sale Type
Fresh Issue₹ 14.60 Cr
Offer for Sale₹ 0.00 Cr
Total Issue Size₹ 14.60 Cr
Listing AtNSE
Industry
Sector
QIB Quota0%
Retail Quota0%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Chamunda Electricals IPO is a Book-building IPO worth ₹14.6 crores. The price band is ₹47 to 50 per share. The IPO opens on Tue, Feb 4, 2025 and closes on Thu, Feb 6, 2025. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The Chamunda Electricals IPO opens on Tue, Feb 4, 2025 and closes on Thu, Feb 6, 2025

Chamunda Electricals IPO Price Band is ₹47 to 50.

Chamunda Electricals IPO lot size is 3000, and the minimum amount required for application is ₹300000.

The minimum investment for Chamunda Electricals IPO is approximately ₹300000 based on the upper price band.

To apply for the Chamunda Electricals IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Feb 6, 2025. After submission, funds are blocked until the basis of allotment of Chamunda Electricals IPO is finalised.

Chamunda Electricals IPO issue size is ₹14.6 crores.

Chamunda Electricals IPO allotment date is Sat, Jun 27, 2026.

The registrar for Chamunda Electricals IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Chamunda Electricals IPO through their official website or helpline.

The Chamunda Electricals IPO GMP (Grey Market Premium) is ₹20 as of Tue, Feb 11, 2025. Based on the upper price band of ₹50 per share, the estimated Chamunda Electricals IPO listing price is ₹70, indicating a potential listing gain of approximately 31% over the issue price.