Chamunda Electricals IPO
GMP, Subscription, Price, Dates & Financial Details
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:Operation &…
Open Date
Tue, 04 Feb 2025
Close Date
Thu, 06 Feb 2025
Price Band
₹ 47 – 50
Lot Size
3000
Issue Size
₹ 14.60 Cr
Minimum Investment
₹ 300,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Chamunda Electricals IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹14.60 Crore, comprising a fresh issue of 29.19 Lakh equity shares aggregating to ₹14.60 Crore.
The Chamunda Electricals IPO remained open for subscription from February 04, 2025, to February 06, 2025. The basis of allotment was finalized on February 07, 2025, and the company's shares were listed on NSE SME Platform on February 11, 2025.
The company had fixed the price band at ₹47 to ₹50 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹300,000 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. GYR Capital Advisors Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Chamunda Electricals Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Chamunda Electricals IPO Timeline (Tentative)
- IPO Open Date
- Tue, 04 Feb 25
- IPO Close Date
- Thu, 06 Feb 25
- Basis of Allotment
- Fri, 07 Feb 25
- Initiation of Refunds
- Mon, 10 Feb 25
- Credit of Shares to Demat
- Mon, 10 Feb 25
- Listing Date
- Tue, 11 Feb 25 — NSE & BSE
Open Date
04 February 2025
Close Date
06 February 2025
Basis Of Allotment
07 February 2025
Listing Date
11 February 2025
IPO Subscription
Check Live Subscription →The Chamunda Electricals IPO has received bids for 1,42,59,27,000 shares against 19,32,000 shares offered, resulting in an overall subscription of 738.06x. the NII category is subscribed 1,943.49x, Retail Investors 554.13x, and QIBs 155.85x.
QIB
155.85x
NII
1943.49x
RII
554.13x
Total
738.06x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 9,66,000 shares, representing 0% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,52,000 shares (0%), while Non-Institutional Investors (NIIs) receive 4,14,000 shares (0%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 822,000 | 0% |
| Market Maker | 165,000 | 0% |
| Qualified Institutions | 552,000 | 0% |
| Non-Institutional | 414,000 | 0% |
| Retail Investors | 966,000 | 0% |
| Total | 2,919,000 | 0% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18.06 | 12.13 | 8.71 | 8.74 |
| Revenue | 18.43 | 20.07 | 14.01 | 11.32 |
| Profit After Tax | 2.81 | 2.44 | 0.31 | -0.51 |
| Net Worth | 10.93 | 5.86 | 3.43 | 3.12 |
| Reserve & Surplus | 2.84 | 3.86 | 1.43 | 1.12 |
| Total Borrowings | 2.92 | 4.61 | 3.69 | 4.65 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Chamunda Electricals Limited KPI Information
| Particular | KPI as of Mar 31, 2024. |
|---|---|
| ROE % | 52.43 |
| ROCE % | 36.82 |
| Debt / Equity | 0.78 |
| RoNW % | 41.54 |
| Pat Margin % | 12.21 |
Peers Comparison
No Peer Comparision Available
About Chamunda Electricals Limited
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:
- 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.
- 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).
- 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.
Chamunda Electricals IPO Promoters
- Mr. Chiragkumar Natvarlal Patel
- Mr. Natvarbhai K Rathod
- Mrs. Purnikaben C Patel
Promoters Holding
Holding Pre Issue
97.46%
Holding Post Issue
0.00%
Chamunda Electricals IPO Objective
The objects of the Issue are: -
- To meet out the Capital Expenditure for Purchase of New Testing Kit and Equipment’s;
- Funding the working capital requirements of the company;
- Repayment of Term Loans and Cash Credit;
- To meet out the General Corporate Purposes; and
- To meet out the Issue Expenses.
Chamunda Electricals Limited Address / Contact Details
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
Chamunda Electricals IPO Lot Size
The Chamunda Electricals IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹1,50,000 by applying for 1 lot (3,000 shares). The maximum application allowed for the retail category is 1 lots (3,000 shares), requiring an investment of ₹1,50,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | 150,000.00 |
| Retail (Max) | 1 | 3,000 | 150,000.00 |
| S-HNI (Min) | 2 | 6,000 | 300,000.00 |
Issue Reservation
Book Running Lead Managers
- GYR Capital Advisors Private Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Chamunda Electricals IPO?
Chamunda Electricals IPO is a Book-building IPO with a total issue size of ₹14.6 crore. The Chamunda Electricals IPO price band is ₹47 to 50 per share. The Chamunda Electricals IPO subscription opens on Tue, Feb 4, 2025, and closes on Thu, Feb 6, 2025. The Chamunda Electricals IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the Chamunda Electricals IPO.
When will the Chamunda Electricals IPO open for subscription?
The Chamunda Electricals IPO opens on Tue, Feb 4, 2025 and closes on Thu, Feb 6, 2025
What is Chamunda Electricals IPO Price Band?
Chamunda Electricals IPO Price Band is ₹47 to 50 per share.
What is Chamunda Electricals IPO Lot Size?
Chamunda Electricals IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
What is the minimum investment for Chamunda Electricals IPO?
The minimum investment for Chamunda Electricals IPO is ₹300000, based on one lot of 3000 shares at the upper price band of ₹50 per share.
How to apply for Chamunda Electricals IPO?
Investors can apply for the Chamunda Electricals IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Feb 6, 2025. The application amount remains blocked until the Chamunda Electricals IPO allotment is finalized.
What is Chamunda Electricals IPO Issue Size?
Chamunda Electricals IPO issue size is ₹14.6 crores.
What is the Chamunda Electricals IPO Allotment Date?
Chamunda Electricals IPO allotment date is Fri, Feb 7, 2025.
Who is the Chamunda Electricals IPO Registrar?
The registrar for Chamunda Electricals IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Chamunda Electricals IPO allotment status, refund processing, and other IPO-related information.
What is the Chamunda Electricals IPO GMP?
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 40.00% over the issue price.
Who is the Chamunda Electricals IPO Lead Manager?
The book-running lead managers (BRLMs) for the Chamunda Electricals IPO are GYR Capital Advisors Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Chamunda Electricals IPO Red Herring Prospectus (RHP).