Chamunda Electricals IPO Closed

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04th – 06th Feb 2025
11 Feb 2025
₹47 – ₹50
Lot size 3000 — ₹150000
15cr

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