IPO - Check IPO Date, Price, Lot Size

Chamunda Electrical Ltd IPO

We are engaged in the business of providing specialized services of operation and maintenance of substation up to 66 KV (kilovolt), testing and commissioning of electrical substation up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (Megawatts) capacity, and within our scope, it includes erection of EHV class equipments, structures and equipments, earthing, control cable works and other associated works for substations up to 220 KV (D Class). Over the years we have built deep expertise to develop solutions and service offerings across our business verticals.

Chamunda Electrical Ltd IPO Details

Total Shares Offered

₹ 29,19,000

Offer to Public

TBA

Retail Max (Shares)

₹ 9,66,000

Pre Issue Promoters Holding

₹ 78,80,561

Exchange

NSE

Issue size

₹ 14.6 Cr

IPO Open Date

Feb 4, 2025

Close Date

Feb 6, 2025

Lot Size

3000

Min Investment

₹ 1,41,000

Issue Type

Book Building - SME

Listing Date

Feb 11, 2025

Chamunda Electrical Ltd IPO Dates

Feb 4, 2025

Opening date

Feb 6, 2025

Closing date

Feb 7, 2025

Basis of Allotment

Feb 10, 2025

Initiation of Refunds

Feb 10, 2025

Credit of Shares

Feb 11, 2025

Listing date

Details

Sector	Type
Sector	Engineering - Turnkey Services
Sub Sector	NA
Issue Type	Book Building - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	62.61x	1374000	86028000
NII	1943.49x	414000	804606000
Retail	554.13x	966000	535293000
Employee	0x	0	0
Total	488.5x	2919000	1425927000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

62.61x

1943.49x

554.13x

488.5x

1374000

414000

966000

2919000

86028000

804606000

535293000

1425927000

Chamunda Electrical Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5.41	4.08	1.35
EBITDA	6.33	4.95	2.28
PAT	3.36	2.29	0.31
Total Assets	11.90	4.16	2.42
Share Capital	11.00	2.00	2.00
Total Borrowings	5.52	2.53	4.28
Operating Activities (Net Cash)	4.28	3.16	1.24
Investing Activities (Net Cash)	-2.30	0.00	0.00
Financing Activities (Net Cash)	5.52	2.53	4.28
Net Cashflow	1.07	1.09	0.12

About Chamunda Electrical Ltd

Our Company was incorporated on June 25, 2013 as Chamunda Electrical Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an extraordinary general meeting held on July 23, 2024 and consequently the name of our Company was changed to Chamunda Electrical Limited and a fresh certificate of incorporation dated August 21, 2024 was issued by the Registrar of Companies, Central Processing Centre.

India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion kilowatt-hours (kWh) in FY23. In FY24 (until January 2024), the power generation in India was 1,452.42 BU. During FY10-FY23, electricity generation in India increased at a CAGR of 4.75%. In the Union Budget 2022-23, the government allocated Rs. 7,327 crore (US$ 885 million) for the solar power sector including grid, off-grid, and PM-KUSUM projects.

Peer Comparison:

No Listed Industry Peers

Chamunda Electrical Ltd Key Points

Strengths

Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

Support of efficient supply-chain enable us to have long standing and deep customer relationships.

Quality assurance and quality control of our products and as a result we received various awards and accreditations.

Advanced in-house processing facilities with focus on cost competitiveness.

Comprehensive product portfolio enables us to serve our customers spread across the globe.

Risk

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.

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.

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.

Strategy

Enhancing our service portfolio by expanding our focus on EHV (Extra High Voltage) Erection, Testing and Commissioning.

Acquiring of advanced equipments for the setup of NABL-certified lab which enable us to bag more work orders with sustainable profit margins.

Expansion of our geographical footprint and diversify our customer base.

Enhance operational controls to achieve optimal utilization of resources.

How To Apply for Chamunda Electrical Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Chamunda Electrical Ltd IPO?

Chamunda Electrical Ltd's IPO offers shares for up to 14.6 It begins on Feb 4, 2025 and ends on Feb 6, 2025.

What is the price of the Chamunda Electrical Ltd IPO?

The price of Chamunda Electrical Ltd IPO ranges between ₹47 to ₹50 per share.

What are the open and close dates for the Chamunda Electrical Ltd IPO?

The Chamunda Electrical Ltd IPO opens on Feb 4, 2025 and closes on Feb 6, 2025.

When will the Chamunda Electrical Ltd IPO be allotted?

The allotment for the Chamunda Electrical Ltd IPO will be finalised on Feb 7, 2025. The shares will be listed on BSE and NSE on Feb 11, 2025.

What is the minimum lot size required for Chamunda Electrical Ltd IPO?

The minimum lot size for Chamunda Electrical Ltd IPO is 3000 shares, priced between ₹47 to ₹50 per share.

What is the GMP of Chamunda Electrical Ltd IPO?

The GMP (Grey Market Premium) of Chamunda Electrical Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Chamunda Electrical Ltd IPO?

To check the allotment status of Chamunda Electrical Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Chamunda Electrical Ltd IPO getting listed?

The Chamunda Electrical Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Feb 4, 2025, and closes on Feb 6, 2025. The allotment is finalised on Feb 7, 2025.

How do you apply for the Chamunda Electrical Ltd IPO?

To apply for the Chamunda Electrical Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.