Chamunda Electricals IPO GMP Today, Date, Price, Subscription Status 

Chamunda Electricals IPO Overview

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.

Chamunda Electricals IPO Important dates

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

IPO Open Date	Tuesday, February 4, 2025
IPO Close Date	Thursday, February 6, 2025
Basis of Allotment	Friday, February 7, 2025
Initiation of Refunds	Monday, February 10, 2025
Credit of Shares to Demat	Monday, February 10, 2025
Listing Date	Tuesday, February 11, 2025
Cut-off time for UPI mandate confirmation	5 PM on February 6, 2025

Chamunda Electricals IPO Financial Performance

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18.06	12.13	8.71	8.74
Revenue	18.43	20.07	14.01	11.32
Profit After Tax	2.81	2.44	0.31	-0.51
Net Worth	10.93	5.86	3.43	3.12
Reserves and Surplus	2.84	3.86	1.43	1.12
Total Borrowing	2.92	4.61	3.69	4.65
Amount in ₹ Crore

Chamunda Electricals IPO Key Performance Indicator

The market capitalization of Chamunda Electricals IPO is Rs 55.02 Cr.

KPI as of Sun, Mar 31, 2024.

Chamunda Electricals IPO Objectives

The objects of the Issue are: –

1. To meet the Capital Expenditure for Purchase of New Testing Kit and Equipments;
2. Funding the working capital requirements of the company;
3. Repayment of Term Loans and Cash Credit;
4. To meet General Corporate Purposes;
5. To meet out the Issue Expenses.

Chamunda Electricals IPO 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
Retail (Min)	1	3000	₹1,50,000
Retail (Max)	1	3000	₹1,50,000
HNI (Min)	2	6,000	₹3,00,000
Lot Size Calculator

Chamunda Electricals IPO Details

IPO Date	February 4, 2025 to February 6, 2025
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹47 to ₹50 per share
Lot Size	3,000 Shares
Total Issue Size	29,19,000 shares (aggregating up to ₹14.60 Cr)
Fresh Issue	29,19,000 shares (aggregating up to ₹ 14.60 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	80,85,594 shares
Share Holding Post Issue	1,10,04,594 shares
Market Maker Portion	1,65,000 shares Wiinance Financial Services Private Limited

Chamunda Electricals IPO Company Overview and Services

Founded in June 2013, Chamunda Electricals Limited 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

1. Operation, Maintenance, Testing & Commissioning of Electrical Sub-stations
2. Set up a solar power generation park
3. 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 Electricals IPO SWOT Analysis

Strengths:

• Established player: Chamunda Electricals has a decade of experience in the power sector, giving them a strong foundation and expertise in executing complex projects.
• Experienced leadership: Strong promoters and an experienced board provide strategic direction and industry know-how.
• Focus on quality: Advanced testing and commissioning equipment ensure precision and reliability in their solutions.
• Scalable model: Operations across 77 substations demonstrate a scalable business model and a strong market presence.
• Expansion potential: Moving into EHV testing and commissioning opens up new market opportunities and revenue streams.

Weaknesses:

• Customer concentration: Over 85% of revenue comes from electrical substation projects, and the top 10 customers contribute 100% of revenue. This dependency on a few clients makes them vulnerable if a major customer reduces business or switches providers.
• Reliance on government projects: The business heavily relies on government tenders, making revenue uncertain as it depends on winning bids in a competitive environment.
• Working capital intensive: Operations require significant working capital, making them susceptible to delays and cost overruns that could strain liquidity.
• Limited diversification: The company primarily focuses on electrical substation services and solar power generation. Lack of diversification could limit growth potential and make them vulnerable to downturns in specific sectors.
• Competition: Intense competition in bidding for government projects may impact contract awards and profitability.

Opportunities:

• Growing power sector: India’s power sector is expanding rapidly, driven by increasing energy demand and government initiatives. This growth creates significant opportunities for Chamunda Electricals.
• Renewable energy focus: India’s push for renewable energy, with targets for solar and wind power generation, presents opportunities for the company to leverage its expertise in solar power projects and substation infrastructure.
• Infrastructure development: Government investments in infrastructure development, including smart cities and industrial corridors, are likely to drive demand for electrical infrastructure and related services.
• Technological advancements: Adopting new technologies and automation in testing and commissioning can improve efficiency, reduce costs, and enhance service offerings.
• Strategic partnerships: Collaborating with technology providers, EPC contractors, or other industry players can expand market reach and capabilities.

Threats:

• Economic downturn: A slowdown in the economy could impact government spending on infrastructure projects, affecting the company’s revenue streams.
• Changes in government policies: Shifts in government policies related to power sector regulations, tendering processes, or renewable energy incentives could impact business prospects.
• Technological disruptions: Rapid advancements in technology could make existing equipment or services obsolete, requiring investments in new technologies to stay competitive.
• Competition: Intense competition from established players and new entrants in the power sector could put pressure on pricing and profitability.
• Skilled labor shortage: Availability of skilled workforce for specialized tasks like EHV testing and commissioning could be a challenge.

Chamunda Electricals IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Chamunda Electricals IPO Subscription Status

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Chamunda Electricals IPO Allotment status 

Chamunda Electricals IPO allotment is expected on Friday, February 7, 2025.

Chamunda Electricals IPO allotment status is not available at this time. Chamunda Electricals IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Chamunda Electricals Limited IPO allotment status.

Chamunda Electricals IPO Contact Details

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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