Chamunda Electrical IPO vs Solarium Green Energy IPO

Comparison between Chamunda Electrical IPO and Solarium Green Energy IPO.

IPO Details

Chamunda Electrical IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Chamunda Electrical IPO is up to ₹13.77 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of Chamunda Electrical IPO is ₹50.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 Chamunda Electrical IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹47.00 per share₹181.00 per share
Issue Price (Upper)₹50.00 per share₹191.00 per share
Issue Price (Final)₹50.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares600 shares
Fresh Issue Size27,54,000 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹13.77 Crup to ₹99.56 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,54,000 shares52,12,800 shares
Issue Size Total (Amount)up to ₹13.77 Crup to ₹99.56 Cr

IPO Timetable

Chamunda Electrical IPO opens on Feb 04, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of Chamunda Electrical IPO and Solarium Green Energy IPO is Feb 06, 2025, and Feb 10, 2025, respectively.

 Chamunda Electrical IPOSolarium Green Energy IPO
Anchor Bid DateFeb 03, 2025Feb 05, 2025
Issue OpenFeb 04, 2025Feb 06, 2025
Issue CloseFeb 06, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 07, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 10, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 10, 2025Feb 12, 2025
Listing date (Tentative)Feb 11, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 08, 2025Mar 13, 2025
Anchor Lockin End date 2May 07, 2025May 12, 2025

Financials & KPIs

Chamunda Electrical IPO P/E ratio is 16.59, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 Chamunda Electrical IPOSolarium Green Energy IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets18.0612.138.718.74
Total Income18.4320.0714.0111.32
Profit After Tax2.812.440.31-0.51
NET Worth10.935.863.433.12
Reserves and Surplus2.843.861.431.12
Total Borrowing2.924.613.694.65
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
NET Worth33.1320.334.743.00
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.4678.5
Promoter Shareholding (Post-Issue)71.6157.77
P/E Ratio16.5918.81
Market Cap₹55.02 Cr.₹398.23 Cr.
ROE52.43124.38
ROCE36.8254.18
Debt/Equity0.781.51
EPS₹3.01₹10.16
RoNW41.5476.69

Shares Offered

In the Chamunda Electrical IPO Retail Individual Investors (RII) are offered 9,66,000 shares while in Solarium Green Energy IPO retail investors are offered 9,66,000 shares. Qualified Institutional Buyers (QIB) are offered 5,52,000 shares in Chamunda Electrical IPO and 10,42,800 shares in Solarium Green Energy IPO.

 Chamunda Electrical IPOSolarium Green Energy IPO
Anchor Investor Reservation8,22,000 shares15,63,000 shares
Market Maker Reservation1,65,000 shares2,86,800 shares
QIB5,52,000 shares10,42,800 shares
NII4,14,000 shares7,82,400 shares
RII9,66,000 shares18,24,600 shares
Employee0 shares0 shares
Others
Total27,54,000 shares52,12,800 shares

Bids Received (Subscription)

Chamunda Electrical IPO subscribed 737.97x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

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