Chamunda Electricals IPO
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Chamunda Electricals IPO details
Schedule of Chamunda Electricals
| Issue open date | 04 Feb 2025 |
| Issue close date | 06 Feb 2025 |
| UPI mandate deadline | 06 Feb 2025 (5 PM) |
| Allotment finalization | 07 Feb 2025 |
| Refund initiation | 10 Feb 2025 |
| Share credit | 10 Feb 2025 |
| Listing date | 11 Feb 2025 |
| Mandate end date | 19 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 09 Mar 2025 |
| Lock-in end date for anchor investors (remaining) | 08 May 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Chamunda Electricals
Chamunda Electricals is a specialized provider of operation & maintenance (O&M) services for electrical substations up to 66kV and testing & commissioning of substations up to 220kV. With a strong track record of growth, their substation O&M portfolio has expanded from 62 in FY22 to 130 in FY25, driven by competitive bidding. They also operate a 1.5 MW solar power park in Gujarat under a 25-year PPA with UGVCL. Their expertise in EHV equipment erection and customized service offerings has helped them secure long-term relationships with key industry players.
Financials of Chamunda Electricals
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹14.60 crores |
| Fresh Issue | ₹14.60 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital Expenditure | Upto 1.2 (8.29%) |
| Working Capital | Upto 5.50 (37.67%) |
| Repayment of Term Loans and Cash Credit | Upto 2.85 (19.52%) |
| General corporate purposes | Upto 15.04 (34.52%) |
Strengths
- Strong ties with contract farmers & vendors ensure raw material availability year-round.
- An efficient supply chain fosters long-term customer relationships.
- Stringent quality control has earned them awards & accreditations.
- Cost-efficient, advanced in-house processing facilities.
- Diverse product portfolio serving global customers.
- Proven financial performance with a scalable model.
- Led by an experienced promoter & management team.
Risks
- Revenue relies entirely on their top 10 customers, losing any would harm profitability.
- Revenue depends on government bid approvals.
- Working capital-intensive substation O&M business.
- Non-compliance may lead to penalties or lost business.
- Project delays risk cost overruns and reputation damage.
Allotment Status for Chamunda Electricals
To check your allotment status – click here
Subscription Figures for Chamunda Electricals
Subscription numbers as of 5:00 PM on 5 Feb 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 5.52 | 47.34 | 8.57x |
| HNI (₹2L+) | 4.14 | 169.14 | 40.85x |
| Retail (upto ₹2L) | 9.66 | 661.32 | 68.45x |
| Total | 19.32 | 877.80 | 45.43x |