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Chamunda Electrical IPO Review 

Chamunda Electricals Limited is coming up with an IPO with a fresh issue of 29,19,000 shares worth INR 14.60 crores. The company aims to acquire testing equipment, fund working capital, repay loans, and support corporate purposes. 

Chamunda Electrical IPO – Important Dates 

Chamunda Electricals Limited IPO DateFebruary 4, 2025 to February 6, 2025
Chamunda Electricals Limited IPO Listing DateFebruary 11, 2025
Chamunda Electricals Limited IPO PriceINR 47-50 per share
Chamunda Electricals Limited IPO Lot Size3,000 shares
Chamunda Electricals Limited IPO Total Issue SizeINR 14.60 crores
Chamunda Electricals Limited IPO Basis of AllotmentFebruary 7, 2025
Chamunda Electricals Limited IPO Initiation of RefundsFebruary 10, 2025
Chamunda Electricals Limited IPO Credit of Shares to DematFebruary 10, 2025
Chamunda Electricals Limited IPO Issue TypeBook Built Issue IPO
Chamunda Electricals Limited IPO Listing AtNSE SME 

Read more about Chamunda Electricals Limited IPO GMP

Chamunda Electricals Limited IPO – Company Profile 

Chamunda Electricals Limited specialises in O&M of up to 66 KV substations, testing and commissioning up to 220 KV, and EHV equipment erection, ensuring reliable power transmission and distribution. 

The company operates a 1.5 MW solar power park in Gujarat, secured under a 25-year PPA with UGVCL, contributing to India’s clean energy transition and long-term sustainability goals. 

The company focuses on customised solutions and long-term partnerships, continuously engaging with clients to enhance service offerings and identify new growth opportunities in the power and renewable energy sectors. 

Chamunda Electrical Ltd IPO Fundamental Analysis 

Chamunda Electricals Limited’s financial analysis reveals a mixed performance. Revenue growth, increased equity, improved profitability, higher EPS and RoNW, expanding assets, and strengthening liquidity highlight the company’s positive financial performance and reduced debt reliance. 

  • Revenue Trend: The revenue increased from ₹1,394.24 lakhs in March 2023 to ₹1,994.93 lakhs in March 2024. The revenue for the current year’s 9-month period ending December 2024 is INR 1,829.02 lakhs. 
  • Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
  • Profitability: The profit after tax (PAT) has significantly increased from ₹10.96 lakhs in March 2023 to ₹115.82 lakhs by December 2024. This improvement in profitability could be a source of confidence among investors. 
  • Earnings per Share (EPS): The diluted EPS has risen from ₹0.47 in March 2023 to ₹3.55 by December 2024, reflecting higher earnings per share for investors. 
  • Return on Net Worth (RoNW): The RoNW has risen from 9.10% to 25.75%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
  • Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 

Chamunda Electrical IPO Financial Analysis 

ParticularAs of 31 March 2023As of 31 March 2024As of 31 December 2024
Revenue (₹ in lakhs)1,394.241,994.931,829.02
Equity (₹ in lakhs)342.82586.451,093.02
Expenses (₹ in lakhs)1,359.221,662.111,445.27
Profit and Loss After Tax (₹ in lakhs)10.96100.95115.82
Diluted EPS only (₹)0.473.693.55
Return on Net Worth (%)9.1041.5425.75
NAV per Equity Share (₹)5.198.8913.52
Total Assets (in lakhs)870.911,213.471,806.10
Total Liabilities (in lakhs)528.09627.02713.08
Debt Equity Ratio 1.080.780.27
Current Ratio (in times) 1.021.191.82

Chamunda Electricals Limited IPO Peer Comparison 

No listed companies are precisely comparable to Chamunda Electricals Limited in terms of business model, size, and financials. 

Chamunda Electrical Ltd IPO Objective 

The main objective of Chamunda Electricals Limited is to fund capital expenditure for new testing equipment, support working capital requirements, and repay term loans and cash credit, ensuring smooth business operations and financial stability. 

  1. Capital Expenditure: 

A. Purchase of voltage transformer, calibration and assessment testing kit: The company intends to utilise INR 0.85 crores for purchasing voltage transformers, calibration, and testing kits to assess electrical performance, including ratio, phase, polarity, and capacitive ratio tests for VTs and CVTs. 

B. Purchase of equipment for National Accreditation Board for Testing and Calibration Laboratories (“NABL”) Lab at Surat Branch Office: The company plans to utilise INR 0.17 crores towards purchasing new equipment for establishing an NABL-accredited lab at the Surat branch with plans to apply for NABL accreditation after setting up the lab. 

C. Purchase of equipment: The company aims to utilise INR 0.19 crores towards purchasing new equipment, ensuring the acquisition of necessary tools to support operations and enhance business capabilities. 

  1. Funding of working capital requirements: The company will utilise INR 5.50 crores of the net proceeds in Fiscal 2025 and 2026 to meet working capital requirements, focusing on operational needs, vendor advances, and project execution. 
  1. Repayment of Term Loans and Cash Credit: The company allocates INR 2.85 crores of the net proceeds towards the repayment or prepayment of term loans and cash credit, accounting for prepayment penalties associated with such loans. 
  1. General corporate purposes: The company will deploy the balance of funds for general corporate purposes, including investments by the company’s policy, meeting exigencies, covering salaries, and managing other operational expenses. 

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Chamunda Electrical IPO Risks And Challenges 

Chamunda Electricals Limited’s risk includes dependence on a few key customers for 100% of revenue, reliance on government projects through competitive bidding, and potential impact from project delays, cost fluctuations, or changes in government policies. 

  • The company’s revenue primarily comes from the operation, maintenance, testing, and commissioning of electrical substations, which have a risk of impact due to project unavailability, delays, cost fluctuations, or non-clearances. However, no disruptions occurred in the last three fiscal years. 
  • Their business is concentrated among key customers, contributing 100% of revenue. Loss of any such customer or reduced business may impact operations, cash flows, and profitability, although no such instances have occurred in the past three years. 
  • Their business depends on government projects awarded through competitive tendering, where failure to meet pre-qualification criteria or bid competitively may impact revenue. Any changes in government policies or tendering processes could affect future opportunities. 

Chamunda Electrical Ltd IPO – Industry & Market Potential 

India’s renewable energy capacity reached 143.64 GW by March 2024, with solar contributing significantly. The country targets 450 GW by 2030 and aims for a 7.2% growth in power generation in FY24, focusing on renewable sources. 

With India’s energy demand set to grow significantly, renewable energy is expected to be pivotal in meeting this demand. The country aims for net-zero emissions by 2070 and plans to source 50% of its electricity from renewables by 2030. 

By December 2023, solar power accounted for 16.9% of India’s total capacity. With major projects underway, the government is pushing for 50 GW of annual renewable capacity additions to meet the 500 GW 2030 target. 

Chamunda Electricals Limited IPO – Type of Offer 

Chamunda Electricals Limited is coming up with an IPO with a fresh issue of 29,19,000 shares worth INR 14.60 crores. The company aims to acquire testing equipment, fund working capital, repay loans, and support corporate purposes. 

Chamunda Electrical IPO Offer Size 

The offer size of Chamunda Electricals Limited is INR 14.60 crores, consisting of a fresh issue of 29,19,000 shares. The company aims to acquire testing equipment, fund working capital, repay loans, and support corporate purposes. 

Chamunda Electricals Limited IPO Allotment Structure 

Chamunda Electricals Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 1,65,000 shares are reserved for market makers. 

Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

Market Maker Reservation: A portion of shares, i.e. 1,65,000 shares, are reserved for market makers. 

Read more about Chamunda Electricals IPO Day 1 Subscription Status

How to apply for Chamunda Electricals IPO?

To apply for the Chamunda Electricals Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

  1. Check for IPO Details: Once your account is active, you can check for the Chamunda Electricals Limited IPO details in the IPO section of the Alice Blue platform.
  2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
  3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Chamunda Electricals Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

Read more about Chamunda Electricals IPO Day 2 Subscription Status

How do you check Chamunda Electricals IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

  1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
  2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
  3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
  4. Select the Chamunda Electricals Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Chamunda Electricals Limited IPO.
  5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Chamunda Electricals Limited IPO:

Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Chamunda Electricals Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Read more about Chamunda Electricals IPO Allotment Status

Chamunda Electricals Ltd IPO Offer Registrar

The registrar for the Chamunda Electricals Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

KFIN TECHNOLOGIES LIMITED

Selenium Tower-B, Plot 31 & 32, Gachibowli, 

Financial District, Nanakramguda, 

Serilingampally, Hyderabad – 500 032, 

Telangana, India

Tel: +91 40 6716 2222

Email: [email protected]

Website: www.kfintech.com 

Chamunda Electrical IPO – FAQs 

1. What is the allotment date of the Chamunda Electrical IPO? 

The allotment date of the Chamunda Electrical is February 7, 2025. 

2. What is the price band of the Chamunda Electrical IPO? 

The price band of the issue is INR 47-50 per share. 

3. What is the size of the Chamunda Electrical IPO? 

The offer size of Chamunda Electricals Limited is INR 14.60 crores, consisting of a fresh issue of 29,19,000 shares. The company aims to acquire testing equipment, fund working capital, repay loans, and support corporate purposes. 

4. What is the listing date of the Chamunda Electrical IPO? 

The listing date of the Chamunda Electrical is February 11, 2025. 

5. Where is the Chamunda Electrical IPO Getting Listed? 

Chamunda Electrical is getting listed on the National Stock Exchange (NSE) and Small Medium Exchange (SME). 

6. What are the open and close dates of the Chamunda Electricals Limited IPO?

The open and close dates of the Chamunda Electricals Limited are February 4, 2025, and February 6, 2025. 

7. How to apply for Chamunda Electrical Ltd IPO in Alice Blue? 

To apply for Chamunda Electricals Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, and submit the application. Post allotment, check your status to see if you received shares. Allotment depends on demand. 

8. Who is the Book Runner for the Chamunda Electrical IPO? 

The Book Runner for the Chamunda Electrical is GYR Capital Advisors Private Limited. 

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