Chamunda Electrical Limited
Bookbuilding IPO · NSE
- Price band
- ₹47 - ₹50
- Lot size
- 3,000 shares
- Issue amount
- ₹14.6 cr
- Total subscription
- 738.06×
- Opens
- 4 Feb 2025
- Closes
- 6 Feb 2025
- Allotment
- 7 Feb 2025
- Listing
- 11 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 29,19,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,41,000
- Fresh issue
- ₹14.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,50,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 80,85,594
- Shares after issue
- 1,10,04,594
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 3,000 | ₹1,50,000 |
| HNI | 2 | 6,000 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | — | 97 |
| NIB | — | 18,389 |
| RETAIL | — | 1,78,431 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.76 | 430.14 |
| RETAIL | 4.83 | 2,676.47 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.55 | 3.69 | 0.47 |
| ROE | 33.52 | 52.43 | 9.54 |
| ROCE | 30.62 | 36.82 | 12.04 |
| RONW | 25.75 | 41.54 | 9.1 |
| PRE IPO(PE) | 0 | 16.59 | 0 |
| POST IPO(PE) | 14.66 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Chamunda Electricals Limited, incorporated in June 2013, specializes in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV and operates 1.5 MW solar power generation projects. The company provides expertise in erecting EHV class equipment, structures, earthing, and control cable works for D Class substations and is also engaged in developing solar power generation parks. With a workforce of over 600 engineers, supervisors, and supporting staff, Chamunda Electricals efficiently executes complex electrical projects, covering substation operations, solar infrastructure development, and installation and commissioning of electrical equipment up to 220 KV.
Strengths
- 10+ Years of Power Sector Experience: and the company has consistently delivered projects with strong expertise and efficiency, building trust in the industry.
- Strong Leadership Team: and their deep industry knowledge and strategic direction help drive growth, stability, and long-term success.
- Advanced Testing & Commissioning Equipment: and the use of modern tools ensures reliable, accurate, and high-quality power solutions for clients.
- Growing Presence Across 77 Substations: and this expanding footprint reflects a solid, scalable business model with proven execution capability.
- Expansion into EHV Testing & Commissioning: and entering this advanced segment opens new opportunities, strengthens service offerings, and boosts future growth potential.
Risk factors
- High Dependence on Substation Projects: and over 85% of revenue coming from this segment makes the business vulnerable if demand slows down.
- Revenue Concentrated in 10 Customers: and relying completely on a small client base increases the risk if any major customer reduces or stops orders.
- Heavy Reliance on Government Tenders: and this dependence makes revenue unpredictable due to tender cycles, delays, and approvals.
- Intense Competition in Bidding: and strong rivals in the tender process can reduce the chances of winning contracts and may impact profit margins.
- High Working Capital Requirement: and delays in project execution or cost overruns can create financial strain and affect cash flow stability.
Promoters
Mr. Chiragkumar Natvarlal Patel
Mr. Natvarbhai K Rathod
Mrs. Purnikaben C Patel
Registrar & documents
Lead manager
GYR Capital Advisors Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No.113,114, Sakar Building Opp. Petrol Pump Near Railway Fatak, Palanpur-385001
+91 99789 12471
[email protected]Company website ↗Understanding CHAMUNDA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.