Chamunda Electricals IPO
- IPO Date04 Feb, 2025 to 06 Feb, 2025
- Listing Date11 Feb, 2025
- Face Value₹10 per share
- Issue Price₹47 to ₹50 per share
- Lot Size3000 Shares
- Minimum Investment₹1,50,000
- Listing AtNSE SME
- Total Issue Size29,19,000 Shares
(aggregating up to ₹14.60 Cr) - Fresh Issue29,19,000 Shares
(aggregating up to ₹14.60 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue80,85,594
- Shareholding post issue1,10,04,594
IPO Dates
Closing Date
06 Feb, 2025
Initiation of Refunds
10 Feb, 2025
Listing Date
11 Feb, 2025
04 Feb, 2025
Opening Date
07 Feb, 2025
Basis of Allotment
10 Feb, 2025
Credit of Shares
Chamunda Electricals Lot Size
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | - | - | - |
| S-HNI (Min) | 2 | 6000 | ₹3,00,000 |
| Retail (Min) | 1 | 3000 | ₹1,50,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 3000 | ₹1,50,000 |
Chamunda Electricals Promoter Holding
The Promoters of the company are Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K Rathod and Mrs. Purnikaben C Patel.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.46% | - |
Chamunda Electricals COMPANY INFORMATION
Chamunda Electricals IPO is a book built issue of Rs 14.60 crores. The issue is entirely a fresh issue of 29.19 lakh shares. Chamunda Electricals IPO opens for subscription on February 4, 2025 and closes on February 6, 2025. The allotment for the Chamunda Electricals IPO is expected to be finalized on Friday, February 7, 2025. Chamunda Electricals IPO will list on NSE SME with tentative listing date fixed as Tuesday, February 11, 2025. Chamunda Electricals IPO price band is set at ₹47 to ₹50 per share. The minimum lot size for an application is 3000. The minimum amount of investment required by retail investors is ₹1,50,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹3,00,000. GYR Capital Advisors Private Limited is the book running lead manager of the Chamunda Electricals IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Chamunda Electricals IPO is Wiinance Financial Services Private Limited. Refer to Chamunda Electricals IPO RHP for detailed information.
Founded in June 2013, Chamunda Electricals 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 to handle complex projects with a high degree of accuracy.
The company's business can be divided into the following categories
- Operation, Maintenance, Testing & Commissioning of Electrical Sub-stations
- Set up a solar power generation park
- Installation and commissioning of electrical equipment designed to operate at voltages typically up to 220 kV
As on December 31, 2024, the company had 637 full-time employees.
Competitive Strength
- Decade long years of industry experience with strong execution capabilities
- Strong Promoters and Board of Directors supported by an experienced senior management team
- Advanced Equipment & Skilled Workforce for Precision
- Scalable Business Model with a strong work order book
Chamunda Electrical IPO
IPO Overview and Key Highlights
Chamunda Electrical, a Gujarat-based electrical contracting and infrastructure solutions company, is launching its Initial Public Offering (IPO). The IPO consists of a fresh issue of up to 29,19,000 equity shares at a face value of ₹10 each. The proceeds will be used for working capital, expansion of business operations, and other corporate purposes. The shares are set to be listed on the Emerge Platform of NSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 29,19,000 equity shares
- Face Value: ₹10 per share
- Offer Price: To be determined
- Offer Opens: February 4, 2025
- Offer Closes: February 6, 2025
- Listing Exchange: NSE Emerge
Company Overview
Incorporated in 2013, Chamunda Electrical specializes in turnkey electrical contracting solutions, covering supply, installation, testing, and commissioning (SITC) of electrical systems. It provides services for residential, commercial, and industrial projects. The company’s promoters, Chiragkumar Natvarlal Patel, Natvarbhai K Rathod, and Purnikaben C Patel, bring extensive experience in the electrical and infrastructure sectors.
Financial Overview
The company has demonstrated steady financial growth, driven by increasing demand for electrical infrastructure. The IPO proceeds will be used for expansion, procurement of advanced machinery, and working capital needs.
Key Strengths of Chamunda Electrical
- Established Industry Presence: A decade of experience in electrical contracting.
- Diverse Project Portfolio: Engaged in industrial, commercial, and residential projects.
- Government Approvals: Holds necessary certifications for executing large-scale projects.
IPO Pros and Cons
Pros
- Sectoral Growth: Rising demand for electrical infrastructure in India.
- Proceeds Utilization: Funds allocated for expansion and operational efficiency.
- Established Market Reputation: Recognized for quality and timely project execution.
Cons
- Market Dependency: Revenue tied to the real estate and infrastructure sectors.
- Competitive Landscape: Faces competition from larger electrical contracting firms.
- Regulatory Challenges: Compliance with government and safety regulations.
Risk Factors
Potential investors should consider the following risks:
- Economic Sensitivity: Revenue linked to construction and infrastructure growth.
- Operational Challenges: Managing large-scale projects while maintaining quality.
- Regulatory Compliance: Adherence to industry standards and labor regulations.
Conclusion
The Chamunda Electrical IPO presents an opportunity to invest in a growing electrical contracting firm with a strong market presence. With its experienced leadership and focus on expansion, the company is well-positioned for future growth. However, investors should carefully assess risks related to market dependency, competition, and regulatory compliance before making an investment decision.
FAQs About Chamunda Electricals Ipo
Chamunda Electricals IPO will open on 04 Feb, 2025 and close on 06 Feb, 2025. Investors must apply within this period to participate.
The Chamunda Electricals IPO price band is set between ₹47.00 and ₹50.00 per share. The minimum lot size is 3000, requiring an investment of at least ₹150000.00.
The Chamunda Electricals IPO shares are expected to be listed on 11 Feb, 2025, subject to regulatory approvals and final allotment.
You can track your Chamunda Electricals IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Chamunda Electricals IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.