Chamunda Electricals IPO is set to open for subscription on February 4, 2025, and will close on February 6, 2025. The company operates in the electrical infrastructure sector and has shown strong financial growth. Investors are keenly watching this SME IPO, especially given the positive Grey Market Premium (GMP).
In this blog, we will discuss the IPO details, subscription status, GMP, company background, financials, allotment process, and FAQs.
Chamunda Electricals IPO Details
Chamunda Electricals IPO aims to raise approximately ₹14.60 crore through a fresh issue of 2,919,000 shares. The issue price is set between ₹47 to ₹50 per share, with a minimum investment of ₹1,50,000 for retail investors.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | February 4, 2025 |
| IPO Close Date | February 6, 2025 |
| Issue Size | ₹14.60 crore |
| Price Band | ₹47 to ₹50 per share |
| Lot Size | 3,000 shares |
| Minimum Investment | ₹1,50,000 |
| Face Value | ₹10 per share |
| Listing Exchange | NSE SME |
| Tentative Listing Date | February 11, 2025 |
The funds raised will be used for working capital requirements, purchasing testing equipment, repaying loans, and general corporate purposes.
Chamunda Electricals IPO Subscription
The subscription process is expected to attract interest from retail investors, high-net-worth individuals (HNIs), and institutional investors.
Subscription Timeline
| Event | Date |
|---|---|
| IPO Opening Date | February 4, 2025 |
| IPO Closing Date | February 6, 2025 |
| Basis of Allotment | February 7, 2025 |
| Refunds Initiation | February 10, 2025 |
| Shares Credit to Demat | February 10, 2025 |
| Listing Date | February 11, 2025 |
Investors should keep an eye on the daily subscription numbers to gauge demand for the IPO.
Chamunda Electricals IPO GMP Today
The Grey Market Premium (GMP) for Chamunda Electricals IPO gives an idea of the expected listing price. As of February 3, 2025, the GMP is ₹11 per share, indicating that the stock might list around ₹61 per share.
Estimated Listing Price Based on GMP
| Price Band | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| ₹50 (Upper Band) | ₹11 | ₹61 |
| ₹47 (Lower Band) | ₹11 | ₹58 |
A positive GMP suggests strong investor interest, but market conditions on the listing day will ultimately determine the actual price.
Chamunda Electricals IPO Business Overview
Chamunda Electricals was established in 2013 and specializes in:
- Operation and maintenance of electrical substations up to 66 kV.
- Testing and commissioning of substations up to 220 kV.
- Solar power generation with a 1.5 MW solar plant in Gujarat.
The company has a team of over 600 professionals and has executed various high-voltage power infrastructure projects.
Chamunda Electricals IPO Financials
Chamunda Electricals has shown strong revenue and profit growth in recent years.
Financial Highlights (₹ in lakh)
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Revenue from Operations | 1,123.31 | 1,394.24 | 1,994.93 |
| Profit After Tax (PAT) | (51.28) | 31.21 | 243.63 |
| Earnings Per Share (EPS) | – | 0.47 | 3.69 |
| Return on Equity (RoE) | – | 4.34% | 52.43% |
| Return on Capital Employed (RoCE) | – | 8.21% | 36.82% |
| Debt-to-Equity Ratio | – | 1.02 | 0.78 |
The profit after tax (PAT) increased by 645.45% in FY 2024, showing strong financial performance. The debt-to-equity ratio is at 0.78, indicating moderate debt reliance.
Chamunda Electricals IPO Review
Pros:
✔ Strong revenue and profit growth.
✔ High RoE and improving EPS, indicating strong financial health.
✔ Increasing demand for electrical infrastructure and renewable energy.
✔ Positive GMP, suggesting investor confidence.
Cons:
✘ Being an SME IPO, it carries higher risk and volatility.
✘ Limited market presence compared to larger players.
✘ High lot size (₹1,50,000 minimum investment) may limit retail participation.
Overall, Chamunda Electricals IPO presents a good investment opportunity, especially for investors looking for growth potential in the power sector.
Chamunda Electricals IPO Allotment
The allotment process will be completed by February 7, 2025, and investors can check their application status on the registrar’s website.
Steps to Check IPO Allotment Status
- Visit the KFin Technologies Limited website (IPO registrar).
- Select Chamunda Electricals IPO from the list.
- Enter your PAN number or application number.
- Click on Submit to view your allotment status.
Investors who are not allotted shares will receive refunds by February 10, 2025.
Chamunda Electricals IPO FAQs
1. What are the IPO dates?
Chamunda Electricals IPO opens on February 4, 2025, and closes on February 6, 2025.
2. What is the price band of the IPO?
The price band is set between ₹47 to ₹50 per share.
3. What is the lot size for this IPO?
The minimum lot size is 3,000 shares, requiring an investment of ₹1,50,000.
4. When will Chamunda Electricals IPO shares be listed?
The expected listing date is February 11, 2025, on the NSE SME platform.
5. What is the Grey Market Premium (GMP) today?
As of February 3, 2025, the GMP is ₹11 per share, indicating an expected listing price of around ₹61 per share.
6. What are the objectives of the IPO?
The funds will be used for working capital, purchasing new testing equipment, loan repayment, and corporate expenses.
7. How can I apply for Chamunda Electricals IPO?
You can apply through your Demat account using UPI or net banking (ASBA process) via brokers like Zerodha, Upstox, Angel One, etc.
8. How can I check my IPO allotment status?
You can check your status on the KFin Technologies website by entering your PAN or application number.
Conclusion
Chamunda Electricals IPO offers a strong investment opportunity with its robust financial growth, high RoE, and positive GMP. However, being an SME IPO, it comes with higher risks and volatility. Investors should analyze their risk appetite before investing.
Would you invest in Chamunda Electricals IPO? Let us know your thoughts in the comments!
