The Chamunda Electricals IPO, a book-built issue worth ₹14.60 crores, is set to open for subscription on February 4, 2025, and will close on February 6, 2025. This IPO comprises a fresh issue of 29.19 lakh shares, with a price band fixed between ₹47 and ₹50 per share.
Retail investors are required to invest a minimum of ₹1,50,000, equivalent to one lot of 3,000 shares, while high-net-worth individuals (HNIs) must invest a minimum of ₹3,00,000, covering two lots (6,000 shares).
The allotment process is expected to be finalized by February 7, 2025, with the tentative listing date scheduled for February 11, 2025, on the NSE SME platform.
This IPO presents a structured opportunity for investors to participate in Chamunda Electricals’ growth trajectory, offering a balanced entry point within a defined price range.
Overview of Contents
Chamunda Electricals IPO Overview
| Aspect | Details |
|---|---|
| Subscription Period | February 4, 2025 to February 6, 2025 |
| Tentative Listing Date | Tuesday, February 11, 2025 |
| Nominal Value per Share | ₹10 |
| Price Range per Share | ₹47 to ₹50 |
| Minimum Investment (Retail) | ₹1,50,000 (1 lot = 3,000 shares) |
| Minimum Investment (HNI) | ₹3,00,000 (2 lots = 6,000 shares) |
| Total Shares Offered | 29,19,000 shares |
| Total Issue Size | ₹14.60 Crore |
| Type of Issue | 100% Fresh Issue |
| Listing Platform | NSE SME |
| Pre-IPO Share Capital | 80,85,594 shares |
| Post-IPO Share Capital | 1,10,04,594 shares |
| Market Maker Allocation | 1,65,000 shares |
| Allotment Finalization | Expected by February 7, 2025 |
Chamunda Electricals IPO Lot Size
The Chamunda Electricals IPO offers a structured investment opportunity with clearly defined lot sizes for retail and high-net-worth individual (HNI) investors. Retail investors can bid for a minimum of 3,000 shares, while HNIs are required to invest in multiples of two lots, amounting to 6,000 shares.
| Category | 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 Electricals IPO Dates
| Event | Date |
|---|---|
| Subscription Opens On | Tuesday, February 4, 2025 |
| Subscription Closes On | Thursday, February 6, 2025 |
| Allotment Finalization | Friday, February 7, 2025 |
| Refunds Initiation | Monday, February 10, 2025 |
| Shares Credited to Demat Accounts | Monday, February 10, 2025 |
| Listing on NSE SME | Tuesday, February 11, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on February 6, 2025 |
Chamunda Electricals IPO Reservation
| Investor Category | Allocation Details | Investor Category | Allocation Details |
|---|---|---|---|
| QIB (Qualified Institutional Buyers) | Up to 50% of the Offer | QIB (Qualified Institutional Buyers) | Up to 50% of the Offer |
| Retail Investors | Minimum 35% of the Net Issue | Retail Investors | Minimum 35% of the Net Issue |
| NII (Non-Institutional Investors - HNI) | Minimum 15% of the Net Issue | NII (Non-Institutional Investors - HNI) | Minimum 15% of the Net Issue |
Chamunda Electricals IPO Promoter Holding
The promoters of Chamunda Electricals, Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K Rathod, and Mrs. Purnikaben C Patel, collectively hold a significant stake in the company. Pre-IPO, their shareholding stands at 97.46%.
| Category | Pre-IPO Shareholding | Post-IPO Shareholding |
|---|---|---|
| Promoters | 97.46% | To be determined |
About Chamunda Electricals IPO
Founded in June 2013, Chamunda Electricals Limited has emerged as a reliable player in the electrical infrastructure and renewable energy sector. The company specializes in the operation and maintenance of substations up to 66 KV, testing and commissioning of substations up to 220 KV, and the development of solar power generation projects with a capacity of up to 1.5 MW. With a strong focus on precision and efficiency, Chamunda Electricals also handles the erection of high-voltage equipment, control cable works, and other critical tasks for substations up to 220 KV. Backed by a skilled workforce of over 600 professionals, including engineers, supervisors, and support staff, the company has built a reputation for delivering high-quality services and executing complex projects with accuracy.
For IPO investors, Chamunda Electricals offers a compelling opportunity due to its diversified business model, which spans electrical infrastructure and renewable energy. The company’s operations are divided into three key areas: Operation, Maintenance, Testing & Commissioning of Electrical Substations, Setting up Solar Power Generation Parks, and Installation and Commissioning of Electrical Equipment up to 220 KV. With a decade of industry experience, Chamunda Electricals boasts strong execution capabilities, a scalable business model, and a robust work order book. Supported by a team of experienced promoters and a skilled management team, the company is well-positioned to capitalize on the growing demand for energy infrastructure and renewable energy solutions. This makes Chamunda Electricals an attractive investment opportunity for those looking to participate in the energy sector’s growth trajectory.
Chamunda Electricals IPO Financial Information
| Financial Metrics | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|---|
| Total Assets (₹ Crore) | 12.13 | 8.71 | 8.74 | 8.71 |
| Total Revenue (₹ Crore) | 20.07 | 14.01 | 11.32 | 14.01 |
| Profit After Tax (₹ Crore) | 2.46 | 0.31 | -0.51 | 0.31 |
| Net Worth (₹ Crore) | 5.89 | 3.43 | 3.12 | 3.43 |
| Reserves & Surplus (₹ Crore) | 3.89 | 1.43 | 1.12 | 1.43 |
| Total Borrowings (₹ Crore) | 4.61 | 3.69 | 4.65 | 3.69 |
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 IPO Review
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Objects of the Issue
- Capital Expenditure for purchasing new testing kits and equipment.
- Funding working capital requirements to support operations.
- Repayment of term loans and cash credit to reduce debt.
- General corporate purposes to support business growth.
- Covering issue expenses related to the IPO.