Chamunda Electrical SME IPO Details, Financials, Valuation & Peers
Explore Chamunda Electrical IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Chamunda Electrical Limited is engaged in providing specialized services in the operation and maintenance of electrical substations up to 66 KV, as well as the testing and commissioning of substations up to 220 KV. The company also operates a solar power generation park with a capacity of 1.5 MW. Its services include the erection of Extra High Voltage (EHV) class equipment, installation of structures, earthing, control cable works, and other associated tasks for substations up to 220 KV (D Class). With extensive expertise across its business verticals, Chamunda Electrical Limited caters to diverse client requirements by offering customized solutions. The company’s solar power park, located in Banaskantha, Gujarat, operates under a 25-year Power Purchase Agreement with Uttar Gujarat Vij Company Limited (UGVCL).
Key Points:
- Services – Expertise in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV to ensure reliability, safety, and efficiency in power transmission and distribution.
- Solar Power Generation – Operates a 1.5 MW solar power generation park in Banaskantha, Gujarat, with a 25-year Power Purchase Agreement signed with UGVCL.
- EHV Equipment Erection – Specializes in the erection, installation, and commissioning of Extra High Voltage (EHV) equipment for safe and reliable power operations up to 220 KV.
- Client Base – Offers customized service solutions across industries, fostering long-term client relationships through continuous engagement and tailored offerings.
- Service Portfolio – Offers end-to-end solutions including erection, earthing, control cable works, and other essential services for substations and solar projects.
Objects of the Issue
- To meet out the Capital Expenditure for Purchase of New Testing Kit and Equipment’s;
- Funding the working capital requirements of the company
- Repayment of Term Loans and Cash Credit;
- To meet out the General Corporate Purposes
- To meet out the Issue Expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 04 Feb - 06 Feb 2025 |
| IPO Price Band | ₹47 - ₹50 per share |
| Fresh Issue | 29,19,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹14.60 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 04 Feb 2025 |
| IPO Closing Date | 06 Feb 2025 |
| Basis Of Allotment | 07 Feb 2025 |
| Refunds | 10 Feb 2025 |
| Demat Transfer | 10 Feb 2025 |
| IPO Listing Date | 11 Feb 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| Total Income | 11.32 | 14.01 | 20.07 | 18.43 |
| Total Expenses | 12.02 | 13.59 | 16.62 | 14.45 |
| Net Profit/Loss | -0.51 | 0.31 | 2.44 | 2.81 |
| NPM (*) | -4.57 | 2.24 | 12.21 | 15.40 |
| Total Assets | 8.74 | 8.71 | 12.13 | 18.06 |
| Total Liabilities | 5.63 | 5.28 | 6.27 | 7.13 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Dec 2024 |
|---|---|---|---|---|
| EPS | -0.78 | 0.47 | 3.69 | 3.55 |
| ROE (%) | -15.21 | 9.54 | 52.43 | 33.52 |
| ROCE (%) | -5.49 | 12.04 | 36.82 | 30.62 |
| D/E Ratio | 1.49 | 1.08 | 0.79 | 0.27 |
| Current Ratio | 0.70 | 1.02 | 1.19 | 1.82 |
| EBITDA MARGIN (%) | 4.11 | 12.73 | 23.50 | 26.74 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 155.85 |
| Non-Institutional Investor (NII/HNI) | 1943.07 |
| Retail Individual Investor (RII) | 554.09 |
| Total | 737.95 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- MR. CHIRAGKUMAR NATVARLAL PATEL
- MR. NATVARBHAI K RATHOD
- MRS. PURNIKABEN C PATEL
Lead Managers
- GYRCAPITAL ADVISORS PRIVATE LIMITED
Company Address
Chamunda Electrical Limited
Shop No.113, 114, Sakar Building Opp. Petrol Pump, Near Railway Fatak, Palanpur, Gujarat, India, 385001;
Phone: +91 99789 12471
Email: info@chamundaconst.com
Website: www.chamundaconst.com
FAQs
- What is the issue size of the Chamunda Electrical SME IPO?The Chamunda Electrical SME IPO has an issue size of ₹14.60 crore. This includes a fresh issue of 29,19,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Chamunda Electrical IPO?The price band for the Chamunda Electrical IPO is ₹47 - ₹50 per share.
- What are the bidding dates for the Chamunda Electrical IPO?The Chamunda Electrical IPO will open for bidding on 04 Feb 2025 and close on 06 Feb 2025.
- What is the allotment date for the Chamunda Electrical IPO?The allotment date for the Chamunda Electrical IPO is 07 Feb 2025.
- What is the minimum lot size and investment required for the Chamunda Electrical IPO?The minimum lot size for the Chamunda Electrical IPO is 3000 shares and the minimum investment required is ₹1,50,000.
- What is the listing date for the Chamunda Electrical IPO?The listing date for the Chamunda Electrical IPO is 11 Feb 2025.
- What is the Chamunda Electrical IPO grey market premium?The grey market premium (GMP) for the Chamunda Electrical IPO is currently at ₹12, with an expected listing gain of approximately 24%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.