Chamunda Electricals Ltd. was established on June 25, 2013. The company specializes in operating and maintaining substations up to 66 KV, testing and commissioning substations up to 220 KV, and managing a 1.5 MW solar power generation park. Its services include erecting EHV-class equipment, structures, earthing, control cable works, and other substation-related tasks
| Bidding Dates |
|---|
| 04 Feb 2025 - 06 Feb 2025 |
| Subscription |
|---|
| 679.98x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,41,000 | 1 | 1 | 3000 | 2.9 M | ₹47 - ₹50 | 71.61 % | ₹137.2 M - ₹145.9 M | RHP DOC |
Chamunda Electrical IPO SUBSCRIPTION STATUS
06 Feb '25Chamunda Electrical IPO overall subscription rate was 679.98 times the total available shares
Chamunda Electrical IPO retail subscription rate was 729.33 times in the retail segment
Chamunda Electrical IPO non-institutional investor subscription rate was 2557.96 times in the non-institutional investor category
Chamunda Electrical IPO Qualified Institutional Bidder subscription rate was 82.05 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Feb 2025 (Day 3) | 729.33x | 2557.96x | 82.05x |
05 Feb 2025 (Day 2) | 90.1x | 53.77x | 4.52x |
04 Feb 2025 (Day 1) | 32.89x | 10.14x | 3.17x |
Chamunda Electrical FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY25 | 28.1 | 182.9 | 17.9 | -6.8 | 26.7% |
| FY24 | 24.4 | 199.5 | 17.5 | 4.2 | 23.5% |
| FY23 | 3.1 | 139.4 | 21.0 | 14.2 | 12.7% |
| FY22 | -5.1 | 112.3 | -23.9 | -35.9 | 4.1% |
Chamunda Electrical IPO SUBSCRIPTION STATUS DETAILS
Chamunda Electrical had 2.9 M shares on offer
Chamunda Electrical IPO offer price was in the range ₹47 - ₹50
Chamunda Electrical IPO minimum Investment was ₹141000
Chamunda Electrical IPO issue size was ₹ 137.2 M - ₹ 145.9 M
Chamunda Electrical had a minimum lot size of 3000 Shares per application
Chamunda Electrical NUMBER OF SHARES ON OFFER
Chamunda Electrical IPO IMPORTANT DATES
| Issue Open Date | 04 Feb 2025 |
| Issue close Date | 06 Feb 2025 |
| Allotment Date | 07 Feb 2025 |
| Refund Date | 10 Feb 2025 |
| Demat Account Credit Date | 10 Feb 2025 |
| Listing Date | 11 Feb 2025 |
| Listing on Exchange(s) | BSE |
| Chamunda Electrical Allotment Status | Exchange |
Chamunda Electrical IPO subscription opened on 04 Feb 2025, and closed on 06 Feb 2025
IPO allotment for Chamunda Electrical was finalized on Friday, 07 Feb 2025
IPO listing for Chamunda Electrical was on BSE on Tuesday, 11 Feb 2025
Chamunda Electrical IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 66.5 |
| Listing Gain% | 40.0% |
| Current Gain% | -13.1% |
Chamunda Electrical Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chamunda Electricals Ltd. | 43.4 | 47.8 | 13.6 | 2.8 | 1.5 | 12.3 | 10.2 | 32.5 | 27.5 | 3.5 | 4.8 | 3.2 | 4.8 |
| Larsen & Toubro Ltd. | 4056 | 570643.6 | 34.4 | 7.6 | 2 | 14.7 | 3.6 | 291635 | 12.2 | 16084 | 7 | 117.9 | 4.5 |
| GMR Airports Ltd. | 107.2 | 113192.2 | 645 | 4.5 | 7.6 | -7.1 | 0.3 | 15200.8 | 40.3 | 175.5 | 144.7 | 0.2 | 144.7 |
| Rail Vikas Nigam Ltd. | 233.4 | 48660.2 | 55.6 | -1.8 | 2.4 | 8.9 | 4 | 21187.4 | 1.3 | 874.7 | -31.7 | 4.2 | -31.7 |
| NBCC (India) Ltd. | 95.3 | 25739.1 | 35.7 | 1.1 | 2 | 23.9 | 4.4 | 13195.9 | 7.5 | 720 | 33.1 | 2.7 | 33.1 |
| Kalpataru Projects International Ltd. | 1317.2 | 22494.2 | 21.6 | 0.3 | 0.8 | 13.4 | 3.8 | 27247.9 | 21.8 | 1040 | 77.6 | 60.9 | 77.5 |
Chamunda Electrical INFORMATION ON IPO ISSUE
About Chamunda Electrical
Chamunda Electricals Ltd. was established on June 25, 2013. The company specializes in operating and maintaining substations up to 66 KV, testing and commissioning substations up to 220 KV, and managing a 1.5 MW solar power generation park. Its services include erecting EHV-class equipment, structures, earthing, control cable works, and other substation-related tasks
Object of the Issue
- To meet the capital expenditure to purchase a new testing kit and equipment
- Funding working capital requirements of the company
- Repayment of term loans and cash credit
- To meet the general corporate purposes
- To meet the issue expenses
Chamunda Electrical - PROMOTERS
| Name |
|---|
| Chiragkumar Natvarlal Patel |
| Natvarbhai K Rathod |
| Purnikaben C Patel |
Chamunda Electrical Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Chamunda Electrical Registrar to the issue
KFIN Technologies Limited
chamunda.ipo@kfintech.com
Chamunda Electrical Strengths
Diversified customer base
As part of its strategic expansion, the company aims to broaden its geographical reach and diversify its customer base, reducing dependency on any single market and tapping into new regions
Operational controls
The company focuses on improving operational controls and cost efficiencies, leading to higher PAT margins and profitability. It continues implementing measures like deploying more professionals to enhance service quality and efficiency
NABL-certified lab
As part of its expansion strategy, the company is investing in advanced equipment to establish a NABL-certified lab at its Surat branch. This enhances testing and certification capabilities, streamlines quality assurance, and boosts market competitiveness
Chamunda Electrical Risks
Bidding risks
The company's revenues depend on the acceptance of bids submitted to the government and other agencies. Its performance could be impacted if a significant number of bids are not accepted or awarded
Risks of cost overruns
Failure to meet client work order standards could lead to business loss, liquidated damages, or reputational damage. Delays in operation and maintenance projects may result in cost overruns and impact future opportunities
Geographically concentrated
The company's revenues rely heavily on operations in Gujarat. Any adverse developments in this region could negatively impact its business, financial condition, and operations
IPO FAQs
The promoters of the company are Chiragkumar Natvarlal Patel, Natvarbhai K Rathod and Purnikaben C Patel.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 47.0 - 50.0.
The IPO application opens on Feb 04, 2025 and closes on Feb 06, 2025.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 141,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Feb 07, 2025.
The refund will be credited to your account on Feb 10, 2025.
The allotted shares will be credited to your demat on Feb 10, 2025.
Chamunda Electricals Ltd.’s shares listed on the stock exchanges on Feb 11, 2025.