Chamunda Electricals IPO was listed at a 40% premium on the NSE SME platform on January 11. It had a price band of ₹47 to ₹50 per share and opened at ₹70, giving investors a strong listing gain.
Chamunda Electricals IPO received an overwhelming response, subscribing 737.97 times overall. The IPO had a total of 19,32,000 shares offered, with bids reaching 1,42,57,62,000 shares, amounting to ₹7,128.81 crore. Retail investors subscribed 554.13 times, while non-institutional buyers led with 1,943.09 times. Qualified institutions subscribed 155.85 times, and anchor investors, along with market makers, fully subscribed their portions. The IPO attracted 1,96,917 total applications.
Chamunda Electricals IPO listing at ₹70 against the issue price of ₹50, matching the grey market expectations. With a 40% gain, it marked a positive listing in line with the last GMP of ₹20.
Overview of Contents
Details About Chamunda Electrical IPO
Malpani Pipes IPO opens on January 29, 2025, and lists on February 5 on the BSE SME platform. The ₹25.92 crore book-built issue offers 28.80 lakh fresh shares at a price band of ₹85-₹90. Retail investors need a minimum investment of ₹1,44,000 (1,600 shares), while HNIs must apply for at least two lots. The IPO allocates 35% to retail, 50% to QIBs, and 15% to HNIs. With profits rising from ₹2.08 crore in 2023 to ₹7.40 crore in 2024, Malpani Pipes shows strong growth potential.
Funds Deployment
Chamunda Electricals IPO funds will be used for capital expenditure, loan repayment, business growth, and issue-related expenses.
About Company
Founded in June 2013, Chamunda Electricals Limited specializes in electrical infrastructure and renewable energy. The company manages substations up to 220 KV, solar projects up to 1.5 MW, and high-voltage equipment installations. With a skilled workforce of 600+, it delivers precision-driven services. Chamunda Electricals’ diversified business model, strong execution capabilities, and industry expertise make it a promising IPO investment in the growing energy sector.
Financial Performance
Chamunda Electricals has shown strong financial growth, with total assets rising from ₹8.71 crore in 2023 to ₹12.13 crore in 2024. Revenue increased from ₹14.01 crore to ₹20.07 crore, while profit after tax surged from ₹0.31 crore to ₹2.46 crore. The company’s net worth grew to ₹5.89 crore, supported by reserves and surplus of ₹3.89 crore. Total borrowings stood at ₹4.61 crore, reflecting a controlled debt position as it continues expanding its operations.