
Chamunda Electrical Limited
Chamunda Electrical Limited(CHAMUNDA)
Total Shares
29,19,000
Issue Size
₹14.60 Cr
Price Band
₹47 – ₹50
Lot Size
3000 shares
Min. Investment
₹1,50,000
Max. Investment
₹1,50,000
Open Date
04 Feb, 2025
Close Date
06 Feb, 2025
Allotment
07 Feb, 2025
Listing
11 Feb, 2025
Max. Investment
₹1,50,000
Announced
04 Feb, 2025
Opening Date
04 Feb, 2025
Closing Date
06 Feb, 2025
Basis of Allotment
07 Feb, 2025
Initiation of Refunds
10 Feb, 2025
Credit of Shares
10 Feb, 2025
Listing Date
11 Feb, 2025
Live GMP
Est. Listing: ₹61
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About Chamunda Electrical Limited IPO
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 t
Chamunda Electrical Limited IPO Share Price and Issue Size
Issue Breakdown
Shareholding
Dilution: 36.1% increase in shares
Chamunda Electrical Limited IPO Financials Health
Chamunda Electrical Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 3000 | ₹1,50,000 |
| Retail Maximum | 1 | 3000 | ₹1,50,000 |
| HNI Minimum | 2 | 6000 | ₹3,00,000 |
(All values in CR)
Chamunda Electrical Limited IPO Valuation
| Metric | Value |
|---|---|
| DEBT/EQUITY | 0.78 |
| EPS Post IPO | 2.24 |
| EPS Pre IPO | 3.04 |
| P/E Post IPO | 22.36 |
| P/E Pre IPO | 16.43 |
| PAT MARGIN | 12.34 |
| ROCE | 36.73% |
| ROE | 52.83% |
| RONW | 41.79% |
(All values in CR)
Strength & Risk of Chamunda Electrical Limited IPO
1. Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.
2. Support of efficient supply-chain enable us to have long standing and deep customer relationships.
3. Quality assurance and quality control of our products and as a result we received various awards and accreditations.
4. Advanced in-house processing facilities with focus on cost competitiveness.
5. Comprehensive product portfolio enables us to serve our customers spread across the globe.
6. Demonstrated history of financial performance and a scalable business model.
7. Experienced promoter and management team.
1. The company derives significant portion of its revenue from Operation, Maintenance, Testing and Commissioning of Electrical Sub-stations activity as accounted for 85.45%, 96.38%, 92.78%, and 97.22% of its revenue from operations in the period ended December 31, 2024, Fiscal 2024, 2023 and 2022 respectively. An inability to anticipate and adapt to evolving customer preferences and demand for particular project, or ensure project quality may adversely impact its business, results of operations, financial condition and cash flows.
2. Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
3. Its revenues largely depended on acceptance of the bids submitted to the Government and other agencies. The company performance could be affected in case majority of the bids are not accepted / awarded.
4. The company is majorly engaged in Operation, Maintenance, Testing and Commissioning of Electrical Substations activity which is working capital intensive.
5. The company requires certain approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company operations.
6. The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under operation & maintenance projects may be subject to cost overruns and can impact the company reputation and future projects.
7. The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.
8. Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
9. Its revenues are highly dependent on the company operations in geographical region of State of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.
10. Its top customer contributes majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.
Chamunda Electrical Limited IPO Subscription Status
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 8,22,000 | 8,22,000 | 4.11 |
| HNI | 1.00 | 4,14,000 | 80,45,97,000 | 4 |
| Market Maker | 1.00 | 1,65,000 | 1,65,000 | 0.82 |
| QIB | 155.85 | 5,52,000 | 8,60,28,000 | 430.14 |
| Retail | 554.09 | 9,66,000 | 53,52,54,000 | 2 |
| Total | 738.03 | 19,32,000 | 1,42,58,79,000 | 7 |
Chamunda Electrical Limited IPO GMP
Last updated 31 Jan, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 31 Jan, 2025 | 50 | ₹11 | 25100 | ₹61 (22.00%) | - | 31 Jan, 2025 |
| 01 Feb, 2025 | 50 | ₹11 | 25100 | ₹61 (22.00%) | - | 01 Feb, 2025 |
| 02 Feb, 2025 | 50 | ₹11 | 25100 | ₹61 (22.00%) | - | 02 Feb, 2025 |
| 03 Feb, 2025 | 50 | ₹11▼ | 25100 | ₹61 (22.00%) | - | 03 Feb, 2025 |
| 04 Feb, 2025 | 50 | ₹13▼ | 29600 | ₹63 (26.00%) | - | 04 Feb, 2025 |
| 05 Feb, 2025 | 50 | ₹15▼ | 34200 | ₹65 (30.00%) | - | 05 Feb, 2025 |
| 06 Feb, 2025 | 50 | ₹27 | 61600 | ₹77 (54.00%) | - | 06 Feb, 2025 |
| 07 Feb, 2025 | 50 | ₹27▲ | 61600 | ₹77 (54.00%) | - | 07 Feb, 2025 |
| 10 Feb, 2025 | 50 | ₹20 | 45600 | ₹70 (40.00%) | - | 10 Feb, 2025 |
| 11 Feb, 2025 | 50 | ₹20 | 45600 | ₹70 (40.00%) | - | 11 Feb, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
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