Chamunda Electrical Ltd

Chamunda Electrical Ltd IPO

Chamunda Electrical Ltd IPO Price Range is ₹47 - 50, with a minimum investment of ₹1,50,000 for 3000 shares.

₹1,50,000

/ 3000 shares

Minimum Investment

View Chamunda Electrical Ltd IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹47 - 50

Open Date

2025-02-04

Close Date

2025-02-06

IPO Size

₹14.60 Cr

Lot Size

3000 shares

Min Investment

₹1,50,000

Listing Exchange

NSE

Chamunda Electrical Ltd IPO Application Timeline

passed
Open Date4 Feb 2025
passed
Close Date6 Feb 2025
passed
Allotment Date7 Feb 2025
passed
Listing Date11 Feb 2025

IPO Subscription Status

IPO subscribed over

🚀 679.984x

This IPO has been subscribed by 554.134x in the retail category and 155.848x in the QIB category.

Subscription Rate

Total Subscription679.984x
Retail Individual Investors554.134x
Qualified Institutional Buyers155.848x
Non Institutional Investors1943.493x
NameChamunda Electrical Ltdx

Strengths and Risks

Strengths

Strengths

  • Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

  • Support of efficient supply-chain enable us to have long standing and deep customer relationships.

  • Quality assurance and quality control of our products and as a result we received various awards and accreditations.

  • Advanced in-house processing facilities with focus on cost competitiveness.

  • Comprehensive product portfolio enables us to serve our customers spread across the globe.

  • Demonstrated history of financial performance and a scalable business model.

  • Experienced promoter and management team.


Risks

Risks

  • 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.

  • 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.

  • 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.

  • The company is majorly engaged in Operation, Maintenance, Testing and Commissioning of Electrical Substations activity which is working capital intensive.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Its top customer contributes majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

How to Apply for Chamunda Electrical Ltd IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Chamunda Electrical Ltd IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Chamunda Electrical Ltd

We are engaged in the business of providing specialized services of operation and maintenance of substation up to 66 KV (kilovolt), testing and commissioning of electrical substation up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (Megawatts) capacity, and within our scope, it includes erection of EHV class equipments, structures and equipments, earthing, control cable works and other associated works for substationsup to 220 KV (D Class). Over the years we have built deep expertise to develop solutions and service offerings across our business verticals.

Frequently Asked Questions of Chamunda Electrical Ltd IPO

What is the size of the Chamunda Electrical Ltd IPO?

The size of the Chamunda Electrical Ltd IPO is ₹14.6 Cr.

What is the allotment date of the Chamunda Electrical Ltd IPO?

Chamunda Electrical Ltd IPO allotment date is Feb 7, 2025 (tentative).

What are the open and close dates of the Chamunda Electrical Ltd IPO?

The Chamunda Electrical Ltd IPO will open on Feb 4, 2025 and close on Feb 6, 2025

What is the lot size of Chamunda Electrical Ltd IPO?

The lot size for the Chamunda Electrical Ltd IPO is 3000.

When will my Chamunda Electrical Ltd IPO order be placed?

Your Chamunda Electrical Ltd IPO order will be placed on Feb 4, 2025

Can we invest in Chamunda Electrical Ltd IPO?

Yes, once Chamunda Electrical Ltd IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Chamunda Electrical Ltd IPO?

The potential listing gains on the Chamunda Electrical Ltd IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Chamunda Electrical Ltd IPO?

'Pre-apply' for Chamunda Electrical Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.