Chamunda Electricals Limited IPO

Chamunda Electrical Ltd

₹1,41,000 /3000 sharesMinimum Investment

Chamunda Electricals Limited IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹50.00₹70.00₹20.00 (40.00%)

Chamunda Electricals Limited IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
4 Feb ‘25 - 6 Feb ‘25₹1,41,0003,000₹47 - ₹50
Issue SizeIPO Doc
14.60Cr
RHP PDF

Subscription rate

As of 06 Feb'25, 05:00 PM
Qualified Institutional Buyers148.48x
Non-Institutional Investor1,631.46x
Retail Individual Investor439.25x
Total563.52x

About Chamunda Electricals Limited

Chamunda Electricals provides services related to the operation and maintenance of substations up to 66 KV. The company also handles testing and commissioning of electrical substations up to 220 KV, along with managing a 1.5 MW solar power generation park. The company’s services include the installation of EHV-class equipment, structural components, earthing systems, control cable works, and other related tasks for substations up to 220 KV (D Class).;
Founded in
2013
Managing director
Mr. Chiragkumar Natvarlal Patel
Parent organisation
Chamunda Electrical Ltd

Strengths & Financials of Chamunda Electricals Limited

Strengths
Risks
Chamunda Electricals claims to have established a strong reputation over the years for delivering high-quality solutions in the power sector. With expertise in Extra High Voltage (EHV) equipment, the company has successfully executed complex erection, testing, and commissioning projects for substations.
The company claims to utilise advanced equipment designed for testing and commissioning substations and other power-related projects. This technology ensures thorough verification and commissioning, maintaining high standards for reliable and efficient power delivery.
Chamunda Electricals claims to have developed a scalable business model by leveraging its expertise in the operation, maintenance, and testing of 77 substations.
The company has seen a consistent increase in revenue from operations. Revenue from operations increased from Rs 11.23 crore in FY22 to Rs 13.94 crore in FY23 to Rs 19.95 crore in FY24.
Chamunda Electricals generates a major portion of its revenue from the operation, maintenance, testing, and commissioning of electrical substations. This segment contributed Rs 15.63 crore (85.45%) as of December 31, 2024, and Rs 19.23 crore (96.38%), Rs 12.93 crore (92.78%) and Rs 10.92 crore (97.22%) to the revenue from operations in FY24, FY23, and FY22, respectively. Any inability to adapt to changing customer demands or maintain project quality could negatively impact business performance and its finances.
The company's top 10 customers accounted for 100% of its revenue for the period ending December 31, 2024, as well as in FY24, FY23, and FY22. Any loss of any major clients or a decrease in business from them could adversely affect the company’s operations and finances.
The company’s revenue largely depends on the acceptance of bids submitted to government agencies and other entities. A decline in successful bids could impact overall business performance.
The company’s operations are heavily concentrated in Gujarat, which contributed 84.97% of regional revenue as of December 31, 2024, and 85.64% in FY24, 86.64% in FY23, and 100% in FY22. Any adverse social, economic or political developments in this particular region could negatively impact its operations and finances.
Chamunda Electricals is involved in ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Chamunda Electricals reported a loss of Rs 0.51 crore in FY22. There is no guarantee that similar financial challenges will not arise in the future.

Chamunda Electricals Limited Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Chamunda Electricals Limited IPO

Apply asPrice bandApply upto
Regular47 - 50₹2 - 5 Lakh
High Networth Individual47 - 50₹2 - 5 Lakh
For Chamunda Electricals Limited IPO, eligible investors can apply as Regular.