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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Chamunda Electrical Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹50
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,50,000
Issue Size
₹14.6 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
97.46%
Promoter Holding (Post-Issue)
71.61%
Issue Type
Book Building - SME
ISIN
INE11HG01018
We are engaged in the business of providing specialized services of operation and maintenance of substation up to 66 KV (kilovolt), testing and commissioning of electrical substation up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (Megawatts) capacity, and within our scope, it includes erection of EHV class equipments, structures and equipments, earthing, control cable works and other associated works for substations up to 220 KV (D Class). Over the years we have built deep expertise to develop solutions and service offerings across our business verticals.
India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion kilowatt-hours (kWh) in FY23. In FY24 (until January 2024), the power generation in India was 1,452.42 BU. During FY10-FY23, electricity generation in India increased at a CAGR of 4.75%. In the Union Budget 2022-23, the government allocated Rs. 7,327 crore (US$ 885 million) for the solar power sector including grid, off-grid, and PM-KUSUM projects.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of upto 29,19,000 equity shares of face value of Rs.10/- each ("equity shares") of Chamunda Electrical Limited (the "Company" or "cel" or "issuer") at an issue price of Rs. 50 per equity share (including a share premium of Rs. 40 per equity share) for cash, aggregating up to Rs. 14.60 crores ("public issue") out of which 1,65,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating Rs. 0.83 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). the public issue less market maker reservation portion i.e. issue of 27,54,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating up to Rs. 13.77 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 26.53% and 25.03% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 50 per equity share of face value of Rs. 10 each. The Floor price is 5 times the face value of the equity shares respectively. Bids can be made for a minimum of 3000 equity shares and in multiple of 3000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Our Company was incorporated on June 25, 2013 as "Chamunda Electrical Private Limited', a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by our Shareholders at an extraordinary general meeting held on July 23, 2024 and consequently the name of our Company was changed to "Chamunda Electrical Limited" and a fresh certificate of incorporation dated August 21, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.