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TCS, HDFCBANK, SBI Liquid Fund (G)
Chamunda Electrical Ltd.

CHAMUNDA

Equity

NSE

Min. Investment

47,000.00

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IPO Details

Bidding Dates

04 Feb 25 - 06 Feb 25

Price Range ₹

47 - 50

Total Equity

17.50Cr

Lot Size

3000

Exchange Status

NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

0.00×

Qualified Institutional Buyers

0.00×

Employees

0.00×

Retail Investors

0.00×

Total subscription Rate

0.00×

IPO Timeline

Offer start

04 Feb 2025

Offer end

06 Feb 2025

Allotment

07 Feb 2025

Refund initiation

10 Feb 2025

Demat transfer

10 Feb 2025

Listing

11 Feb 2025

About Company

Chamunda Electricals Limited, established in June 2013, specializes in operating and maintaining substations up to 66 KV, testing and commissioning substations up to 220 KV, and generating 1.5 MW of solar power. The company provides services such as erecting EHV-class equipment, structures, earthing, control cable works, and other associated tasks for substations up to 220 KV (D Class). With a skilled team of over 600 engineers, supervisors, and support staff, the company efficiently handles complex projects with precision. Its business operations are categorized into: - Operation, maintenance, testing, and commissioning of electrical substations - Establishing solar power generation parks - Installation and commissioning of electrical equipment operating at voltages up to 220 KV As of December 31, 2024, the company had 637 full-time employees.

Year Founded

25-06-2013

Promotor Details

Chiragkumar Natvarlal Patel

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage97.4671.61
Share Capital78805617880561

Offer to Public

35,00,000.00 Cr

Highlights

  • Strong ties with contract farmers and vendors ensure year-round availability.
  • Streamlined operations help maintain long-term customer relationships.
  • Recognized with awards and accreditations for high standards.
  • Advanced in-house facilities optimize efficiency and cost.
  • Led by a seasoned promoter and management team.

Challenges

  • Delays in projects can lead to cost overruns and damage to the company's reputation.
  • Non-compliance may result in penalties or lost business opportunities.
  • The substation O&M business is working capital-intensive.
  • Revenue is dependent on government bid approvals.
  • Revenue relies heavily on the top 10 customers, and losing any could impact profitability.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20241,187.38200.00246.12246.123.7291
2022854.70200.0031.2131.210.4729
2023846.83200.0031.2131.210.4729
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