The Chamunda Electricals IPO is a book-built offering worth ₹14.60 crores, consisting entirely of a fresh issue of 29.19 lakh shares.
The IPO will open for subscription on February 4, 2025, and close on February 6, 2025. Allotments are expected to be finalized by Friday, February 7, 2025. The shares will be listed on the NSE SME, with the tentative listing date set for Tuesday, February 11, 2025.
The price band for the Chamunda Electricals IPO is ₹47 to ₹50 per share. The minimum application size is 3,000 shares, requiring a retail investment of ₹1,50,000. High-net-worth individuals (HNIs) must apply for a minimum of 2 lots (6,000 shares), amounting to ₹3,00,000.
GYR Capital Advisors Private Limited is the book-running lead manager for the offering, while Kfin Technologies Limited is the registrar. Wiinance Financial Services Private Limited will act as the market maker.
For detailed information, refer to the Chamunda Electricals IPO RHP.
Chamunda Electricals IPO Details
IPO Date | February 4, 2025 to February 6, 2025 |
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 Timeline (Tentative Schedule)
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 Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Chamunda Electricals IPO Lot Size
Investors can bid for a minimum of 3,000 shares, with additional bids in multiples of 3,000 shares. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and monetary value.
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 Promoter Holding
The company’s promoters are Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K. Rathod, and Mrs. Purnikaben C. Patel.
Share Holding Pre Issue | 97.46% |
Share Holding Post Issue |
About Chamunda Electricals
Chamunda Electricals Limited, established in June 2013, specializes in the operation and maintenance of substations up to 66 KV, as well as testing and commissioning for substations up to 220 KV. The company also engages in 1.5 MW solar power generation. Its services encompass the installation of EHV-class equipment, structures, earthing, control cable work, and other related tasks for substations up to 220 KV (D Class).
With a skilled workforce of over 600 engineers, supervisors, and support staff, Chamunda Electricals is well-equipped to manage complex projects with precision and efficiency.
The company’s operations are divided into the following key segments:
- Operation, Maintenance, Testing, and Commissioning of Electrical Substations
- Solar Power Generation Plant Setup
- Installation and Commissioning of Electrical Equipment for voltages up to 220 kV
As of December 31, 2024, the company employed 637 full-time staff members.
Competitive Strengths:
- Over a decade of industry experience, with proven execution capabilities
- Strong leadership from the promoters and board of directors, backed by an experienced senior management team
- Access to advanced equipment and a skilled workforce, ensuring high precision
- Scalable business model supported by a robust work order book
Chamunda Electricals IPO FAQs
What is the Chamunda Electricals Limited IPO?
Chamunda Electricals Limited, founded in June 2013, specializes in the operation, maintenance, and commissioning of electrical substations up to 220 KV, as well as solar power generation. The company offers a wide range of services including the installation of EHV-class equipment, earthing, and control cable works.
What is the size of the Chamunda Electricals IPO?
The Chamunda Electricals IPO is a book-built issue with a total size of ₹14.60 crores, comprising a fresh issue of 29.19 lakh shares.
When will the Chamunda Electricals IPO open for subscription?
The Chamunda Electricals IPO will open for subscription on February 4, 2025, and close on February 6, 2025.
What is the price band for the IPO?
The price band for the Chamunda Electricals IPO is ₹47 to ₹50 per share.
What is the minimum investment required for retail investors?
The minimum investment for retail investors is ₹1,50,000, which corresponds to a bid for 3,000 shares.
How many shares must HNIs apply for?
High-net-worth individuals (HNIs) must apply for a minimum of 6,000 shares (2 lots), which amounts to ₹3,00,000.
Who are the promoters of Chamunda Electricals Limited?
The promoters of the company are Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K. Rathod, and Mrs. Purnikaben C. Patel.
What are the key competitive strengths of Chamunda Electricals?
Over a decade of industry experience with strong execution capabilities solid team of promoters and board members, supported by an experienced senior management team Advanced equipment and a highly skilled workforce for precise executional scalable business model with a strong work order book
When will the IPO allotment and listing take place?
The IPO allotment is expected to be finalized on February 7, 2025. The shares will be listed on the NSE SME on February 11, 2025.