Introduction
Chamunda Electricals Limited is set to launch its IPO on February 4, 2025, aiming to raise Rs 14.60 crore through a fresh issue of 29.19 lakh shares. The IPO will close on February 6, 2025, with shares expected to list on NSE SME on February 11, 2025. Investors are keenly watching this issue due to the company's strong industry presence in electrical infrastructure and solar power generation.
Chamunda Electricals IPO Details
- IPO Open Date: February 4, 2025
- IPO Close Date: February 6, 2025
- Listing Date: February 11, 2025 (Tentative)
- Price Band: ₹47 to ₹50 per share
- Lot Size: 3,000 shares
- Total Issue Size: 29,19,000 shares (₹14.60 Cr)
- Issue Type: Book Built Issue IPO
- Listing Exchange: NSE SME
Company Overview
Founded in 2013, Chamunda Electricals Limited specializes in operating and maintaining high-voltage substations (up to 220 kV), electrical equipment installation, and solar power generation. The company boasts a team of 600+ professionals handling complex projects with precision.
Competitive Strengths
- Decade-long industry experience with strong execution capabilities.
- Scalable business model supported by an expanding order book.
- Experienced leadership team with a strong board of directors.
- Robust financial growth with significant revenue and profit growth over recent years.
Financial Performance
Chamunda Electricals has demonstrated strong financial growth, as reflected in its key financial metrics:
IPO Reservation & Lot Size
Retail Investors: Minimum 1 lot (3,000 shares) = ₹1,50,000
HNI Investors: Minimum 2 lots (6,000 shares) = ₹3,00,000
Market Maker: 1,65,000 shares
Objects of the IPO
The company aims to utilize the funds raised from the IPO for:
Purchase of new testing kits and equipment.
Working capital requirements.
Repayment of loans and cash credit.
General corporate purposes and IPO expenses.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should conduct their research before making any investment decisions.