SME · NSESubscribed: 738.03×GMP ₹20
Chamunda Electrical Limited

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

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

11

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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

Total Issue29,19,000 shares₹14.60 Cr
Fresh Issue29,19,000 shares₹ 14.60 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue80,85,594
Post-Issue1,10,04,594

Dilution: 36.1% increase in shares

Chamunda Electrical Limited IPO Financials Health

Chamunda Electrical Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum130001,50,000
Retail Maximum130001,50,000
HNI Minimum260003,00,000

(All values in CR)

Chamunda Electrical Limited IPO Valuation

MetricValue
DEBT/EQUITY0.78
EPS Post IPO2.24
EPS Pre IPO3.04
P/E Post IPO22.36
P/E Pre IPO16.43
PAT MARGIN12.34
ROCE36.73%
ROE52.83%
RONW41.79%

(All values in CR)

Strength & Risk of Chamunda Electrical Limited IPO

+Strengths

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.

!Risks

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 CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.008,22,0008,22,0004.11
HNI1.004,14,00080,45,97,0004
Market Maker1.001,65,0001,65,0000.82
QIB155.855,52,0008,60,28,000430.14
Retail554.099,66,00053,52,54,0002
Total738.0319,32,0001,42,58,79,0007

Chamunda Electrical Limited IPO GMP

+11+22.0%

Last updated 31 Jan, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
31 Jan, 202550₹1125100₹61 (22.00%)-31 Jan, 2025
01 Feb, 202550₹1125100₹61 (22.00%)-01 Feb, 2025
02 Feb, 202550₹1125100₹61 (22.00%)-02 Feb, 2025
03 Feb, 202550₹1125100₹61 (22.00%)-03 Feb, 2025
04 Feb, 202550₹1329600₹63 (26.00%)-04 Feb, 2025
05 Feb, 202550₹1534200₹65 (30.00%)-05 Feb, 2025
06 Feb, 202550₹2761600₹77 (54.00%)-06 Feb, 2025
07 Feb, 202550₹2761600₹77 (54.00%)-07 Feb, 2025
10 Feb, 202550₹2045600₹70 (40.00%)-10 Feb, 2025
11 Feb, 202550₹2045600₹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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2

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3

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4

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5

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