The Chamunda Electrical IPO is set to open on February 4, 2025, and will close on February 6, 2025. This is a Book Built Issue IPO, with the company aiming to raise approximately ₹14.60 crores. The IPO comprises a fresh issue of ₹14.60 crores, while the details of the offer for sale (OFS) are yet to be disclosed. The face value of each share is ₹10.
Chamunda Electrical IPO Price Band & Quota Allocation
- Price Band: ₹47 to ₹50 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net Worth Individuals (HNI): 15%
- Listing Exchange: NSE
- Listing Date: February 11, 2025
- Allotment Date: February 7, 2025
Chamunda Electrical IPO Financial Performance
The company has demonstrated strong financial growth over the past year:
- Revenue in 2024: ₹20.07 crores (Up from ₹14.01 crores in 2023)
- Profit in 2024: ₹2.46 crores (Up from ₹0.31 crores in 2023)
Chamunda Electrical IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 4, 2025 |
| IPO Close Date: | February 6, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹47 to ₹50 Per Share |
| Issue Size: | Approx ₹14.60 Crores |
| Fresh Issue: | Approx ₹14.60 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
About Chamunda Electrical Overview
Chamunda Electrical is a leading provider of specialized electrical services, focusing on the operation and maintenance of substations, testing and commissioning of electrical infrastructure, and solar power generation. With a commitment to excellence and a strong track record, Chamunda Electrical has emerged as a trusted partner for clients across various industries.
Core Services:
- Substation Operation and Maintenance: Chamunda Electrical offers comprehensive operation and maintenance services for substations up to 66 KV, ensuring reliable and efficient power distribution.
- Testing and Commissioning: The company provides expert testing and commissioning services for electrical substations up to 220 KV, guaranteeing the safety and performance of critical infrastructure.
- Solar Power Generation: Chamunda Electrical operates a 1.5 MW solar power generation park, contributing to sustainable energy solutions.
Strengths:
- Industry Expertise: Chamunda Electrical possesses extensive knowledge and experience in the electrical services sector, enabling them to deliver high-quality solutions.
- Skilled Workforce: The company has a team of highly skilled engineers, supervisors, and technicians who are dedicated to providing exceptional service.
- Customer Focus: Chamunda Electrical prioritizes customer satisfaction, building long-term relationships based on trust and mutual success.
- Commitment to Safety: The company adheres to stringent safety standards and implements rigorous protocols to ensure the well-being of its employees and clients.
Risks:
- Dependence on Key Clients: A significant portion of Chamunda Electrical’s revenue comes from a limited number of clients, making the company vulnerable to the loss of any major contract.
- Competition: The electrical services industry is competitive, and Chamunda Electrical faces challenges from established players and new entrants.
- Regulatory Changes: Changes in government regulations or industry standards could impact the company’s operations and profitability.
- Project Delays: Delays in project execution can lead to cost overruns and reputational damage.
Chamunda Electrical IPO Market Lot
The Chamunda Electrical IPO has a minimum market lot of 3,000 shares, requiring an application amount of ₹1,50,000. Investors looking to apply for this IPO must bid for at least one lot, ensuring a significant investment opportunity.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3,000 | ₹1,50,000 |
| Retail Maximum | 1 | 3,000 | ₹1,50,000 |
| S-HNI Minimum | 2 | 6,000 | ₹3,00,000 |
Chamunda Electrical IPO Allotment & Listing Dates
The Chamunda Electrical IPO is set to open on February 4, 2025, and will close on February 6, 2025. The IPO allotment will be finalized on February 7, 2025, with the Chamunda Electrical IPO listing scheduled for February 11, 2025.
| Type | Date |
|---|---|
| IPO Open Date: | February 4, 2025 |
| IPO Close Date: | February 6, 2025 |
| Basis of Allotment: | February 7, 2025 |
| Refunds: | February 10, 2025 |
| Credit to Demat Account: | February 10, 2025 |
| IPO Listing Date: | February 11, 2025 |
Promoters of Chamunda Electrical IPO
The Chamunda Electrical IPO is backed by strong leadership, with its promoters being Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K Rathod, and Mrs. Purnikaben C Patel.
Chamunda Electrical IPO Company Financial Report
Chamunda Electrical has demonstrated significant financial growth in 2024. The company reported a revenue of ₹20.07 crores in 2024, marking a substantial increase from ₹14.01 crores in 2023. Additionally, the company’s profit surge to ₹2.46 crores in 2024 compare to just ₹0.31 crores in 2023, reflecting strong business performance.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹11.32 | ₹12.02 | ₹0.51 | ₹8.74 |
| 2023 | ₹14.01 | ₹13.59 | ₹0.31 | ₹8.71 |
| 2024 | ₹20.07 | ₹16.60 | ₹2.46 | ₹12.13 |
Chamunda Electrical IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 52.83% |
| ROCE: | 36.73% |
| EBITDA Margin: | 23.50% |
| PAT Margin: | 12.34% |
| Debt to equity ratio: | 0.78 |
| Earning Per Share (EPS): | ₹3.73 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 41.79% |
| Net Asset Value (NAV): | ₹4.72 |
Chamunda Electrical Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Chamunda Electrical IPO: Key Objectives of the Issue
The Chamunda Electrical IPO aims to raise funds for several strategic purposes to enhance the company’s growth and financial stability. The key objectives of the IPO include:
- Capital Expenditure: Investment in the purchase of new testing kits and equipment to enhance operational efficiency.
- Working Capital Requirements: Strengthening the company’s financial position by funding its working capital needs for smooth operations.
- Debt Repayment: Repayment of term loans and cash credit, reducing financial liabilities and improving the company’s credit standing.
- General Corporate Purposes: Allocating funds for business expansion, operational improvements, and other strategic initiatives.
- Issue Expenses: Covering the costs associated with the IPO issuance process.
With these objectives, the Chamunda Electrical IPO aims to enhance its market position, strengthen financial stability, and drive long-term growth. Stay update for more details on the IPO, including price band, subscription dates, and listing information.
Chamunda Electrical IPO Review
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Chamunda Electrical IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: cel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Chamunda Electrical IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Chamunda Electrical IPO Limited
Shop No.113,114, Sakar Building Opp. Petrol Pump
Near Railway Fatak,
Palanpur-385001
Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: https://www.chamundaconst.com/
FAQs about Dr. Agarwal’s Health Care IPO
The Chamunda Electrical IPO is a Book Built Issue IPO, set to raise approximately ₹14.60 crores. The issue comprises a fresh issue of ₹14.60 crores, while details of the offer for sale (OFS) are yet to be disclosed.
IPO Open Date: February 4, 2025
IPO Close Date: February 6, 2025
Allotment Date: February 7, 2025
Refunds Initiation: February 10, 2025
Credit to Demat Account: February 10, 2025
IPO Listing Date: February 11, 2025
The IPO price band is set at ₹47 to ₹50 per share.
The minimum lot size for the Chamunda Electrical IPO is 3,000 shares, requiring a minimum investment of ₹1,50,000.
The Chamunda Electrical IPO will be listed on NSE SME.
Retail Investor Quota: 35%
Qualified Institutional Buyers (QIB): 50%
High Net Worth Individuals (HNI): 15%
The Chamunda Electrical IPO aims to raise funds for:
Capital Expenditure: Investment in new testing kits and equipment.
Working Capital Requirements: Ensuring smooth operations and financial stability.
Debt Repayment: Repaying term loans and cash credit to reduce liabilities.
General Corporate Purposes: Business expansion, operational improvements, and growth.
Issue Expenses: Covering costs related to the IPO process.
Chamunda Electrical has shown strong financial growth:
Revenue (2024): ₹20.07 crores (Up from ₹14.01 crores in 2023)
Profit (2024): ₹2.46 crores (Up from ₹0.31 crores in 2023)
The IPO is promoted by:
Mr. Chiragkumar Natvarlal Patel
Mr. Natvarbhai K Rathod
Mrs. Purnikaben C Patel
Substation Operation & Maintenance: Managing substations up to 66 KV.
Testing & Commissioning: Providing testing and commissioning services for substations up to 220 KV.
Solar Power Generation: Operating a 1.5 MW solar power park.
Industry Expertise: Years of experience in the electrical services sector.
Skilled Workforce: Trained engineers and technicians delivering high-quality solutions.
Customer Focus: Strong relationships built on trust and reliability.
Commitment to Safety: Strict safety protocols to ensure secure operations.
Dependence on Key Clients: Revenue concentration in a limited number of clients.
Industry Competition: Facing competition from established players.
Regulatory Changes: Changes in government policies could impact operations.
Project Delays: Execution delays may lead to cost overruns.
The IPO registrar is KFin Technologies Limited.
Phone: 040-67162222, 040-79611000
Email: cel.ipo@kfintech.com
Website: KFin Technologies
The IPO lead manager is GYR Capital Advisors Private Limited.
Investors can apply through:
UPI-based online IPO applications via their bank or broker platforms.
ASBA (Application Supported by Blocked Amount) process through net banking.
The IPO allotment status can be checked on the KFin Technologies Limited website or the NSE platform.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
