Chamunda Electrical Limited IPO is opening on 4 February 2025 and will run until 6 February 2025. This SME IPO will be raising ₹14.60 crore from an entire fresh issue of 29.19 lakh shares.
The Chamunda Electrical IPO allotment date will be finalized on Friday, 7 February 2025. Chamunda Electrical shares will probably be listed on NSE SME on Tuesday, 11 February 2025.
Chamunda Electrical IPO’s price band has been set at ₹47 to ₹50 per share. The IPO lot size is 3000 per application which makes the minimum retail investment ₹150000. For the HNIs,, it is 2 lots that is 6000 shares worth ₹300000 which they need to subscribe at the least.
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Chamunda Electrical NSE SME IPO Details
| Detail | Information |
| IPO Opening Date | February 4, 2025 |
| IPO Closing Date | February 6, 2025 |
| Tentative IPO Listing Date | February 11, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹47 to ₹50 per share |
| Lot Size | 3000 shares |
| Total Issue Size | 2919000 (₹14.60 Cr) |
| Fresh Issue | 2919000 (₹14.60 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre-Issue | 8085594 shares |
| Share Holding Post-Issue | 11004594 shares |
Chamunda Electrical Limited | Company Overview
Chamunda Electrical Limited is specialised in maintaining and operating up to 66 KV substations. It was established in 2013 and in these twelve years, it has crafted a name for itself when it comes to testing and commissioning of substations which are up to 220KV and 1.5 MW solar power generation.
Its services include the following –
- EHV Class Equipment
- Control Cable Works
- Earthing
- Structures
- Other associated tasks
The business of Chamunda Electrical can be segregated into the following parts –
- Operations, testing, maintenance, and commissioning of electrical sub-stations
- Installation and commissioning of those electrical equipment which are made for operations at voltage above 22KV
- Building solar power generation park
Chamunda Electrical Limited IPO | Key Details
- Chamunda Electrical IPO Opening Date: February 4, 2025,
- Chamunda Electrical IPO Closing Date: February 6, 2025.
- Allotment Date: February 7, 2025
- Price Band: ₹47 to ₹ 50 per share
- Lot Size: 3000 shares
- Refunds Initiated: February 10, 2025
- Shares Credited to Demat: February 10, 2025
- Listing Date: February 11, 2025
Chamunda Electrical Ltd: Financial Overview
Chamunda Electrical Limited witnessed a massive increase in its profits in FY24 by 687% while revenue was just up by 43.3%.
Here are the details of the financials of the firm –
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 12.13 | 8.71 | 3.42 | 39.2652124 |
| Revenue | 20.07 | 14.01 | 6.06 | 43.25481799 |
| Profit After Tax | 2.44 | 0.31 | 2.13 | 687.0967742 |
| Net Worth | 5.86 | 3.43 | 2.43 | 70.84548105 |
| Reserve & Surplus | 3.86 | 1.43 | 2.43 | 169.9300699 |
| Total Borrowing | 4.61 | 3.69 | 0.92 | 24.93224932 |
Chamunda Electrical Ltd IPO | FAQs
Chamunda Electrical Ltd is engaged in maintaining and operating, testing and commissioning substations and other electrical sub-stations.
The tentative IPO listing date of Chamunda Electrical has been fixed as Tuesday, February 11, 2025.
The bidding date for the Chamunda Electrical IPO is February 4, 2025, and it will continue until February 6 2025.
The minimum IPO lot size for Chamunda Electrical is 3000 shares and for HNIs, it is 2 lots or 3000 shares.
The IPO allotment is expected to be finalized on Friday, February 7, 2025.
The IPO face value is set at ₹10 per share.
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Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.