Bookbuilding IPO | ₹15 Cr | Listed at NSE SME | Tue, Feb 4, 2025 - Thu, Feb 6, 2025
Chamunda Electrical IPO is a book build issue of ₹14.60 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹14.60 crore.
Chamunda Electrical IPO bidding started from Feb 4, 2025 and ended on Feb 6, 2025. The allotment for Chamunda Electrical IPO was finalized on Feb 7, 2025. The shares got listed on NSE SME on Feb 11, 2025.
Chamunda Electrical IPO price band is set at ₹50 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Wiinance Financial Services Pvt.Ltd..
Refer to Chamunda Electrical IPO RHP for detailed Information.
IPO Open
Tue, Feb 4, 2025
IPO Close
Thu, Feb 6, 2025
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹55.02 Cr
| IPO Date | 4 to 6 Feb, 2025 |
| Listed on | Tue, Feb 11, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹50 |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 29,19,000 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 1,65,000 shares Wiinance Financial Services Pvt.Ltd. (agg. up to ₹0.8250 Cr) |
| Fresh Issue (Ex Market Maker) | 27,54,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 27,54,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 80,85,594 shares |
| Share Holding Post Issue | 1,10,04,594 shares |
| NSE Symbol | CHAMUNDA |
| ISIN | INE11HG01018 |
Chamunda Electrical IPO comprises a total issue size of 29,19,000 shares. The net offer to the public is 27,54,000 shares, after excluding 1,65,000 shares allotted on a firm basis. Of the Net offer 13,74,000 (49.89%) are allocated to QIB, 4,14,000 (15.03%) allocated to NII 9,66,000 (35.08%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,74,000 | 49.89% | 47.07% |
| − Anchor Investor Shares Offered | 8,22,000 | 28.16% | |
| − QIB (Ex. Anchor) Shares Offered | 5,52,000 | 18.91% | |
| NII (HNI) Shares Offered | 4,14,000 | 15.03% | 14.18% |
| Retail Shares Offered | 9,66,000 | 35.08% | 33.09% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,65,000 | 5.65% | |
| Total Shares Offered | 29,19,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Chamunda Electrical IPO raises ₹4.11 crore from anchor investors. Chamunda Electrical IPO Anchor bid date is February 3, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 3, 2025 |
| Shares Offered | 8,22,000 |
| Anchor Portion (₹ Cr.) | 4.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 7, 2025 |
Founded in June 2013, Chamunda Electricals Limited specializes in operating and maintaining up to 66 KV substations, testing and commissioning for up to 220 KV substations, and 1.5 MW solar power generation. The company's services include erecting EHV class equipment, structures, earthing, control cable works, and other associated tasks for up to 220 KV (D Class) substations.
The company has a team of more than 600 engineers, supervisors and other supporting staff well-equipped to handle complex projects with a high degree of accuracy.
The company's business can be divided into the following categories
As on December 31, 2024, the company had 637 full-time employees.
Competitive Strength
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18.06 | 12.13 | 8.71 | 8.74 |
| Total Income | 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 |
| Reserves and Surplus | 2.84 | 3.86 | 1.43 | 1.12 |
| Total Borrowing | 2.92 | 4.61 | 3.69 | 4.65 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure (Purchase of New Testing Kit and Equipment’s) | 1.21 |
| 2 | Working Capital | 5.50 |
| 3 | Repayment of Term Loans and Cash Credit | 2.85 |
| 4 | General Corporate Purposes | 3.58 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 52.43% |
| ROCE | 36.82% |
| Debt/Equity | 0.78 |
| RoNW | 41.54% |
| PAT Margin | 12.21% |
| Price to Book Value | 10.59 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.01 | 3.41 |
| P/E (x) | 16.59 | 14.66 |
| Promoter Holding | 97.46% | 71.61% |
| Market Cap | ₹55.02 Cr. |
The Chamunda Electricals IPO is subscribed 737.97 times on February 6, 2025 6:19:59 PM (Day 3). The public issue subscribed 554.13 times in the retail category, 155.85 times in the QIB category, and 1,943.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 155.85 | 5,52,000 | 8,60,28,000 | 97 |
| NII* | 1,943.09 | 4,14,000 | 80,44,41,000 | 18,389 |
| Retail | 554.13 | 9,66,000 | 53,52,93,000 | 1,78,431 |
| Total | 737.97 | 19,32,000 | 1,42,57,62,000 | 1,96,917 |
Total Application : 1,96,917
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.00 |
| 2 | Advertising and Marketing Expenses | 0.00 |
| 3 | Fees payable to the stock exchange(s) | 0.00 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.00 |
| 5 | Brokerage and Selling Commission | 0.00 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s Fees etc.) | 0.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹71.00 |
| Last Trade | ₹66.50 |
Lead Manager Reports
Chamunda Electrical IPO is a SME IPO of 29,19,000 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Feb 4, 2025, and closes on Thu, Feb 6, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Chamunda Electrical IPO using UPI as a payment gateway. Zerodha customers can apply in Chamunda Electrical IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Chamunda Electrical IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Chamunda Electrical IPO opens on Tue, Feb 4, 2025 and closes on Thu, Feb 6, 2025.
Chamunda Electrical IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Chamunda Electrical IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Chamunda Electrical IPO will be done on Friday, February 7, 2025, and the allotted shares will be credited to your demat account by Mon, Feb 10, 2025. Check the Chamunda Electrical IPO allotment status.
The Chamunda Electrical IPO listing date is on Tue, Feb 11, 2025.
