Chamunda Electricals IPO Details
The Chamunda Electricals IPO is a book build issue with a total issue size of ₹14.6 cr, comprising of fresh issue of 2919000 equity shares. Chamunda Electricals IPO opened for subscription on Feb 04, 2025 and closed on Feb 06, 2025. Chamunda Electricals IPO is set price band at ₹47 to ₹50 per share, with a lot size of 3000 shares. Minimum investment for Retail investors was ₹300,000.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Feb 07, 2025, and listed on the NSE on Feb 11, 2025.
Kfin Technologies Limited has been appointed as the registrar. GYR Capital Advisors Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Chamunda Electricals IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 47 – 50
- Lot Size
- 3000
- Issue Size
- ₹14.6 Cr
- Minimum Investment
- ₹300000 (6000 Shares)
- Listing Date
- 11 February 2025
Current GMP
₹20 (+40.00%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- GYR Capital Advisors Private Limited
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 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.
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 per share.
Chamunda Electricals IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹300000 based on the upper price band
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.
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.
Chamunda Electricals IPO issue size is ₹14.6 crores.
Chamunda Electricals IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.