Chamunda Electricals Limited (NSE SME)

Feb 4, 2025 - Feb 6, 2025

Premium	₹20
Price	₹47 - ₹50
Lot size	3000
Allotment	Feb 7, 2025
Listing	Feb 11, 2025

Category	Lot(s)	Qty	Amount	Reserved
Retail	1	3000	150000	322
HNI	2	6000	300000	138

Last updated on 06-Feb-2025 18:07:02

Category	Offered	Applied	Times
QIB	552000	86028000	155.85
NIB	414000	804606000	1943.49
RETAIL	966000	535293000	554.13
Total	1932000	1425927000	738.06

Application Wise Breakup
Category	App. Received
QIB	97
NIB	18389
RETAIL	178431
Total	196917

Subscription Demand (in ₹ crore)
Category	Offered	Demand	Times
QIB	2.76	430.14	155.85
NIB	2.07	4023.03	1943.49
RETAIL	4.83	2676.47	554.13
Total	9.66	7129.64	738.06

QIB Interest Cost Per Share (7 Days)
@7% ₹10.5	@8% ₹12	@9% ₹13.5	@10% ₹14.9	@11% ₹16.4	@12% ₹17.9

HNI Interest Cost Per Share (7 Days)
@7% ₹130.5	@8% ₹149.1	@9% ₹167.7	@10% ₹186.4	@11% ₹205	@12% ₹223.6

About

IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	33.09%	966000
NII (HNI)	14.18%	414000
Anchor	28.16%	822000
QIB	18.91%	552000
Market Maker	5.65%	165000
Total	100.00%	2919000

Chamunda Electricals IPO Details

Issue Size	29,19,000 shares (aggregating up to ₹14.60 Cr)
Fresh Issue	29,19,000 shares (aggregating up to ₹ 14.60 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share Holding Pre Issue	80,85,594 shares
Share Holding Post Issue	1,10,04,594 shares
Market Maker Portion	1,65,000 shares
Market Maker	Wiinance Financial

Key Performance Indicator

KPI	Dec-24	Mar-24	Mar-23
ROE	33.52%	52.43%	9.54%
ROCE	30.62%	36.82%	12.04%
RONW	25.75%	41.54%	9.10%
EPS (basic)	3.55	3.69	0.47
P/E Pre IPO		16.59
P/E Post IPO	14.66

Company Financials In Crores

Period Ended	Dec-24	Mar-24	Mar-23	Mar-22
Assets	18	12	9	9
Revenue	18	20	14	11
Profit After Tax	3	2	0	-1
Net Worth	11	6	3	3
Reserves and Surplus	3	4	1	1
Total Borrowing	3	5	4	5

About Company

Chamunda Electricals Limited, founded in June 2013, specializes in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV, along with 1.5 MW solar power generation. The company’s expertise includes erecting EHV class equipment, structures, earthing, and control cable works for up to 220 KV (D Class) substations. Additionally, Chamunda Electricals is engaged in setting up solar power generation parks, contributing to renewable energy development. With a workforce of over 600 engineers, supervisors, and supporting staff, the company efficiently handles complex electrical projects with precision. Its core business operations encompass the operation, maintenance, testing, and commissioning of substations, the establishment of solar power generation infrastructure, and the installation and commissioning of electrical equipment operating at voltages up to 220 KV.

Lead Manager(s)

GYR Capital Advisors Private Limited

Strength

Proven Industry Experience & Execution Capabilities: Over a decade of expertise in electrical substation projects and solar power generation, ensuring efficient and reliable execution.

Strong Leadership & Management: Led by experienced promoters and a skilled board, supported by a competent senior management team.

Advanced Equipment & Skilled Workforce: Well-equipped with modern tools and a team of 600+ engineers and supervisors for precision-driven project execution.

Weakness

Revenue Concentration Risk : A significant portion of revenue (over 90%) comes from the operation, maintenance, testing, and commissioning of electrical substations, making the company vulnerable to demand fluctuations in this segment.

Dependence on Government Bids: Business growth relies heavily on the acceptance of bids by government and other agencies; failure to secure contracts could impact revenue and profitability.

Working Capital Intensity: The Company’s operations require high working capital, and any delays in payments or project execution could strain liquidity and cash flows.

Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: cel.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/