chamunda electricals ipo 2025

Chamunda Electricals IPO: Complete Details, Financials, and Investment Insights

Chamunda Electricals IPO opens for subscription on February 4, 2025 and closes on February 6, 2025. Chamunda Electricals Limited, established in June 2013, is a company that provides specialized electrical services. They focus on operating and maintaining electrical substations up to 66 kilovolts (KV) and testing and commissioning substations up to 220 KV.

Chamunda Electricals IPO Dates

The Chamunda Electricals IPO dates are:

  • IPO Opening Date: February 4, 2025
  • IPO Closing Date: February 6, 2025
  • Basis of Allotment Announcement: February 7, 2025
  • Initiation of Refunds: February 10, 2025
  • Credit of Shares to Demat Accounts: February 10, 2025
  • IPO Listing Date: February 11, 2025

These dates are crucial for potential investors to keep in mind to ensure timely participation in the IPO process.

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Chamunda Electricals IPO Issue Size

The Chamunda Electricals IPO aims to raise approximately ₹14.60 crores through a fresh issue of 29.19 lakh equity shares.

The price band for the IPO is set between ₹47 and ₹50 per share, with a face value of ₹10 per equity share. This pricing strategy reflects the company’s valuation and market expectations.

Chamunda Electricals IPO Proceeds Usage

The funds raised from the IPO are planned to be utilized for the following purposes:

  • Capital Expenditure: Investing in new testing equipment to enhance service capabilities.
  • Working Capital Requirements: Supporting day-to-day operational expenses to ensure smooth business operations.
  • Repayment of Borrowings: Reducing existing term loans and cash credit to strengthen the financial position.
  • General Corporate Purposes: Addressing miscellaneous corporate needs that may arise.

This strategic allocation of funds is designed to bolster the company’s operational efficiency and financial health.

Chamunda Electricals IPO Details: Reservations

The shareholder quota for this upcoming IPO of Chamunda Electricals are allocated among different categories of investors as follows:

  • Qualified Institutional Buyers (QIB): Up to 50% of the issue is reserved for QIBs, which include entities like mutual funds and insurance companies.
  • Non-Institutional Investors (NII): Up to 15% of the issue is allocated to NIIs, typically comprising corporate bodies and high-net-worth individuals.
  • Retail Individual Investors (RII): At least 35% of the issue is reserved for retail investors, allowing individual investors to participate in the IPO.

This reservation structure ensures a balanced distribution of shares among various investor groups.

Chamunda Electricals IPO Lot Size

Investors need to be aware of the lot size for the IPO:

Investor Type Lots Shares Amount (₹)
Retail (Min) 1 3,000 1,50,000
Retail (Max) 1 3,000 1,50,000
HNI (Min) 2 6,000 3,00,000

This means that investors must apply for at least one lot, which consists of 3,000 shares, requiring a minimum investment of ₹1,41,000.

Chamunda Electricals IPO Promoter Holding

The promoters of Chamunda Electricals Limited are:

  • Mr. Chiragkumar Natvarlal Patel: Managing Director
  • Mr. Natvarbhai K Rathod: Director
  • Mrs. Purnikaben C Patel: Director
  • Pre-issue Shareholding: 97.46%

The exact shareholding percentages of these promoters prior to and after the IPO are detailed in the RHP.

nvestors are encouraged to refer to the RHP for comprehensive information on promoter holdings.

Chamunda Electricals IPO Details: Company Overview

Chamunda Electricals Limited is a specialized electrical services provider offering operation and maintenance of substations up to 66 KV, testing and commissioning of substations up to 220 KV, and solar power generation with a 1.5 MW capacity. The company also undertakes erection of Extra High Voltage (EHV) equipment, installation of structures and control systems, and earthing solutions for substations.

With a strong presence in the electrical infrastructure sector, Chamunda Electricals has built expertise in handling large-scale power distribution projects. The company’s ability to deliver efficient and reliable electrical solutions makes it a preferred choice for government and private sector clients.

The Chamunda Electricals IPO valuation reflects its consistent financial growth, competitive positioning, and strong demand for its services. The funds raised from the IPO will be used to expand operations, acquire new testing equipment, and strengthen working capital. As the demand for electrical infrastructure continues to rise, Chamunda Electricals is well-positioned for future growth, making its IPO an attractive opportunity for investors.

Chamunda Electricals IPO: Financial Performance

An analysis of the company’s financial performance over recent years is essential for potential investors. The following table summarizes key financial metrics:

Particulars 31 Dec 2024 (₹ Cr) 31 Mar 2024 (₹ Cr) 31 Mar 2023 (₹ Cr) 31 Mar 2022 (₹ Cr) YoY % Change (2022-2024)
Assets 18.06 12.13 8.71 8.74 106.65%
Revenue 18.43 20.07 14.01 11.32 62.83%
Profit After Tax 2.81 2.44 0.31 -0.51 650.98%
Net Worth 10.93 5.86 3.43 3.12 250.32%
Reserves & Surplus 2.84 3.86 1.43 1.12 153.57%
Total Borrowing 2.92 4.61 3.69 4.65 -37.20%

Summary Analysis

Chamunda Electricals Limited has demonstrated strong financial growth in recent years, particularly in profitability and asset expansion.

  • The total assets have more than doubled (106.65%) between FY 2022 and Dec 2024, showcasing the company’s expansion efforts. Revenue has increased by 62.83%, reflecting improved business operations and growing market demand.
  • The profit after tax (PAT) surged by 650.98%, indicating a significant improvement in operational efficiency and financial health.
  • Net worth has grown by 250.32%, emphasizing a strong balance sheet. Additionally, the company’s reserves and surplus have increased by 153.57%, strengthening its financial position.
  • A notable point is the reduction in total borrowing by 37.20%, indicating effective debt management and a focus on financial sustainability.

This overall financial performance supports a positive Chamunda Electricals IPO valuation, making it an attractive opportunity for investors seeking growth-oriented companies.

WHY SMC

  • 20 Lac+ unique clients
  • 33+ Years of Serving
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Chamunda Electricals IPO Risk Factors

Before investing in Chamunda Electricals IPO, it is important to understand the key risks:

1. Revenue Dependence on a Few Clients: A large portion of the company’s revenue comes from its top 10 customers. If any of them stop doing business with the company, its revenue could be significantly impacted.

2. Dependence on Government Approvals: Many of the company’s projects require government approvals. Delays in obtaining these approvals can impact the company’s operations and profitability.

3. High Working Capital Requirement: The company needs a lot of money to manage its daily operations. If it faces delays in receiving payments, it may struggle with cash flow issues.

4. Project Execution Risks: Delays in project completion due to factors like lack of raw materials, labor shortages, or unfavorable weather conditions can impact the company’s reputation and revenue.

5. Regulatory Compliance Risks: The company must follow various regulations and safety standards. Any non-compliance can lead to penalties or legal action.

6. Competitive Industry: The electrical infrastructure sector is highly competitive. New players entering the market or existing competitors offering better services at lower prices can affect the company’s business.

Contact Information of Chamunda Electricals Limited

For investors seeking additional details about the Chamunda Electricals IPO, they can contact the company using the following details:

Registered Office:
Shop No. 113, 114, Sakar Building,
Opp. Petrol Pump, Near Railway Fatak,
Palanpur, Gujarat, India – 385001

Contact Person:
Mrs. Asha Sharma
Company Secretary & Compliance Officer

Telephone: +91 99789 12471
Email: info@chamundaconst.com
Website: www.chamundaconst.com

For all the latest insights on Chamunda Electricals IPO and expert recommendations, you can download the SMC ACE App for real-time IPO updates and expert analysis. Join the SMC Telegram Channel for daily market insights or open a Demat Account with SMC Global Securities and apply for this IPO effortlessly.

Frequently Asked Questions – FAQs

1. When is the Chamunda Electricals Limited IPO opening?

The Chamunda Electricals IPO opens on February 4, 2025, and closes on February 6, 2025.

2. What is the Chamunda Electricals IPO price band?

The Chamunda Electricals IPO price band is set between ₹47 and ₹50 per share.

3. Where will the Chamunda Electricals IPO be listed?

The Chamunda Electricals IPO will be listed on the NSE SME platform after the completion of the IPO process.

Author: All Content is verified by SMC Global Securities.

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