Chamunda Electrical Ltd
Price Range
₹47 - ₹50
Min. Quantity
3,000
Closes on
6 February 2025
Min. investment
₹1,50,000/3,000 Shares
Chamunda Electrical Ltd IPO Timeline
Chamunda Electrical Limited was incorporated on June 25, 2013 as 'Chamunda Electrical Private Limited', a Private Limited Company pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, the status of the Company was converted into a Public Limited Company and the name was changed to 'Chamunda Electrical Limited' dated August 21, 2024 issued by the Registrar of Companies, Central Processing Centre.
| Event | Date |
|---|---|
| Chamunda Electrical Ltd IPO Opening Date | 4 February 2025 |
| Chamunda Electrical Ltd IPO Closing Date | 6 February 2025 |
| Basis of Allotment | 7 February 2025 |
| Initiation of Refunds | 10 February 2025 |
| Credit of Shares to Demat | 10 February 2025 |
| Chamunda Electrical Ltd IPO Listing Date | 11 February 2025 |
Chamunda Electrical Ltd IPO Details
| Chamunda Electrical Ltd IPO Date | 4 February 2025 to 6 February 2025 |
| Chamunda Electrical Ltd IPO Face Value | ₹10 per share |
| Chamunda Electrical Ltd IPO Price | ₹47 to ₹50 per share |
| Chamunda Electrical Ltd IPO Lot Size | 3,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹14.6 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹14.6 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 5,52,000 of the Net Offer |
| Retail Shares Offered | Not less than 9,66,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 4,14,000 of the Net Offer |
| Company Promoters | Chiragkumar Natvarlal Patel, Natvarbhai K Rathod, Purnikaben C Patel |
Chamunda Electrical Ltd IPO Lot Size
The Chamunda Electrical Ltd IPO lot size is 3,000 shares. A retail-individual investor can apply for up to 1 lots (3,000 shares or ₹1,50,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 3,000 | ₹1,50,000 |
| Maximum | 1 | 3,000 | ₹1,50,000 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
Chamunda Electrical Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 12.13 | 20.07 | 2.46 |
| 03-2023 | 8.71 | 14.01 | 0.31 |
| 03-2022 | 8.74 | 11.32 | -0.51 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure (Purchase of New Testing Kit and Equipment's)
- Working Capital
- Repayment of term loans and cash credit
- General corporate purposes
Chamunda Electrical Ltd IPO Promoter Holding
| Pre Issue Share Holding | 53.04% |
| Post Issue Share Holding | 38.97% |
Chamunda Electrical Ltd IPO Subscription Status (Bidding Detail)
The Chamunda Electrical Ltd IPO is subscribed 679.9843 times on 6 February 2025 05:00:00 PM. The public issue subscribed 554.1335 times in the retail category, 155.8478 times in the QIB category, and 1943.4928 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 155.8478 | 1943.4928 | 554.1335 | - | 679.9843 |
Chamunda Electrical Ltd IPO Prospectus
Chamunda Electrical Ltd IPO Listing Date
| Listing Date | 11 February 2025 |
| BSE Script | 94038 |
| NSE Symbol | CHAMUNDA |
| Listing In | NSE - SME |
| ISIN | INE11HG01018 |
| IPO Price | ₹50 |
| Face Value | ₹10 |
Company Contact Information
No. 113,114 Sakar BuildingOp.Petrol Pump, Nr.R.Way Fatak,Palanpur-385001
Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: https://www.chamundaconst.com/
Chamunda Electrical Ltd IPO Registrar
Chamunda Electrical Ltd IPO Lead Manager(s)
- GYR Capital Advisors Pvt Ltd
FAQ
What is the issue size of Chamunda Electrical Ltd IPO?
I have pre-applied for Chamunda Electrical Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.