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
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
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 97.46 | 71.61 |
| Share Capital | 7880561 | 7880561 |
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
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 846.83 | 200.00 | 246.12 | 246.12 | 3.7291 |
| 2022 | 854.70 | 200.00 | -51.28 | -51.28 | -0.777 |
| 2024 | 1,187.38 | 200.00 | 31.21 | 31.21 | 0.4729 |
