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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 ₹50.00 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 investment for 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 Date | February 4, 2025 to February 6, 2025 |
| Listing Date | February 11, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹47 to ₹50 per share |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 29,19,000 shares (aggregating up to ₹14.60 Cr) |
| Reserved for Market Maker | 1,65,000 shares Wiinance Financial Services Pvt.Ltd. (aggregating up to ₹0.8250 Cr) |
| Net Offered to Public | 27,54,000 shares (aggregating up to ₹13.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,85,594 shares |
| Share Holding Post Issue | 1,10,04,594 shares |
Chamunda Electrical IPO offers total 29,19,000 shares. Out of which 13,74,000 (47.07%) allocated to QIB, 5,52,000 (18.91%) allocated to QIB (Ex- Anchor), 4,14,000 (14.18%) allocated to NII, 9,66,000 (33.09%) allocated to RII and 8,22,000 (28.16%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,65,000 (5.65%) |
| QIB Shares Offered | 13,74,000 (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 (14.18%) |
| Retail Shares Offered | 9,66,000 (33.09%) |
| Total Shares Offered | 29,19,000 (100.00%) |
Chamunda Electrical IPO raises ₹4.11 crore from anchor investors. Chamunda Electrical IPO Anchor bid date is February 3, 2025. Chamunda Electrical IPO Anchor Investors list
| Bid Date | February 3, 2025 |
| Shares Offered | 8,22,000 |
| Anchor Portion Size (In Cr.) | 4.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 7, 2025 |
Chamunda Electrical IPO opens on February 4, 2025, and closes on February 6, 2025.
| IPO Open Date | Tue, Feb 4, 2025 |
| IPO Close Date | Thu, Feb 6, 2025 |
| Tentative Allotment | Fri, Feb 7, 2025 |
| Initiation of Refunds | Mon, Feb 10, 2025 |
| Credit of Shares to Demat | Mon, Feb 10, 2025 |
| Tentative Listing Date | Tue, Feb 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 6, 2025 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Chamunda Electrical IPO is ₹55.02 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 3.01 | 3.41 |
| P/E (x) | 16.59 | 14.66 |
The objects of the Issue are: -
[Dilip Davda] The company is providing specialized services of O & M and testing of sub-stations and solar power generation park. It has ongoing O & M contracts worth Rs. 64+ cr. It marked growth in its top and bottom lines, but sudden boost in its bottom lines from FY24 onwards raise eyebrows. Based on its recent financial performance, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
| Listing Date | February 11, 2025 |
| BSE Script Code | |
| NSE Symbol | CHAMUNDA |
| ISIN | INE11HG01018 |
| Final Issue Price | ₹50 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹70.00 |
| Low | ₹66.50 |
| High | ₹71.00 |
| Last Trade | ₹66.50 |
Chamunda Electrical Ltd.
Shop No.113,114,
Sakar Building Opp. Petrol Pump,
Near Railway Fatak,
Palanpur, Gujarat, 385001
Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: https://www.chamundaconst.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: cel.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Chamunda Electrical IPO is a SME IPO of 29,19,000 equity shares of the face value of ₹10 aggregating up to ₹14.60 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on February 4, 2025, and closes on February 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 February 4, 2025 and closes on February 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 Monday, February 10, 2025. Check the Chamunda Electrical IPO allotment status.
The Chamunda Electrical IPO listing date is on Tuesday, February 11, 2025.
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