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Chamunda Electricals Limited IPO
Chamunda Electrical Ltd
₹1,41,000 /3000 sharesMinimum investment
IPO details
Minimum investment
₹1,41,000
Price range
₹47 - ₹50
Lot size
3,000
Issue size
14.60 Cr
Face value
10
IPO document
Subscription rate
Qualified Institutional Buyers148.48x
Non-Institutional Investor1,631.46x
Retail Individual Investor439.25x
Total563.52x
As of 06 Feb'25, 05:00 PM
Schedule
4 Feb 2025
IPO open date
6 Feb 2025
IPO close date
7 Feb 2025
Allotment date
7 Feb 2025
Funds unblock or debit
11 Feb 2025
Tentative listing date
About
Founded in
2013
MD/CEO
Mr. Chiragkumar Natvarlal Patel
Parent organisation
Chamunda Electrical Ltd
Chamunda Electricals Limited Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
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.
Application details
For Chamunda Electricals Limited IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹47 - ₹50 | ₹2 - ₹5 Lakhs | 3000 |
| High Networth Individual | ₹47 - ₹50 | ₹2 - ₹5 Lakhs | 3000 |