Chamunda Electrical Ltd

Chamunda Electrical Ltd IPO

IPO Price Range: ₹47 - 50

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 substationsup to 220 KV (D Class). Over the years we have built deep expertise to develop solutions and service offerings across our business verticals.

Min Investment

₹1,50,000

IPO Size

₹14 Cr

IPO Status

Live

Quantity in 1 Lot

3000

Max Bid allowed

1

Listing Exchange

NSE

IPO Application Timeline of Chamunda Electrical Ltd

upcoming
Open Date4 Feb 2025
Close Date6 Feb 2025
Allotment Date7 Feb 2025
Listing Date11 Feb 2025

Key Statistics

Bid Opening DateBid Opening Date4 Feb 2025
Bid Closing DateBid Closing Date6 Feb 2025
Allotment DateAllotment Date7 Feb 2025
Issue SizeIssue Size₹14.6Cr
Quantity in 1 lotQuantity in 1 lot3000

Strengths and Risks of Chamunda Electrical Ltd IPO

Strengths

Strengths

  • Good relationship with the contract farmers and other vendors ensuring availability of raw materials during off-season period.

  • Support of efficient supply-chain enable us to have long standing and deep customer relationships.

  • Quality assurance and quality control of our products and as a result we received various awards and accreditations.

  • Advanced in-house processing facilities with focus on cost competitiveness.

  • Comprehensive product portfolio enables us to serve our customers spread across the globe.

  • Demonstrated history of financial performance and a scalable business model.

  • Experienced promoter and management team.


Risks

Risks

  • The company derives significant portion of its revenue from Operation, Maintenance, Testing and Commissioning of Electrical Sub-stations activity as accounted for 85.45%, 96.38%, 92.78%, and 97.22% of its revenue from operations in the period ended December 31, 2024, Fiscal 2024, 2023 and 2022 respectively. An inability to anticipate and adapt to evolving customer preferences and demand for particular project, or ensure project quality may adversely impact its business, results of operations, financial condition and cash flows.

  • Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • Its revenues largely depended on acceptance of the bids submitted to the Government and other agencies. The company performance could be affected in case majority of the bids are not accepted / awarded.

  • The company is majorly engaged in Operation, Maintenance, Testing and Commissioning of Electrical Substations activity which is working capital intensive.

  • The company requires certain approvals, licenses, registration and permits for its business, and the failures to obtain or renew them in a timely manner may adversely affect the company operations.

  • The company failures to perform in accordance with the standards prescribed in work order of its client could result in loss of business or payment of liquidated damages and any delay in the schedule of its under operation & maintenance projects may be subject to cost overruns and can impact the company reputation and future projects.

  • The company is highly dependent on its management team and certain management personnel, any loss of such team members or the inability to attract or retain research and development personnel may materially adversely affect its business performance and research and development efforts.

  • Its top ten customers contribute 100% of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.

  • Its revenues are highly dependent on the company operations in geographical region of State of Gujarat. Any adverse development affecting its operations in this region could have an adverse impact on the company business, financial condition and results of operations.

  • Its top customer contributes majority of the company revenues from operations. Any loss of business from them may adversely affect its revenues and profitability.

Promoters Holding

Investors Holdings %
Chiragkumar Natvarlal Patel53.04%
Natvarbhai K Rathod21.48%
Purnikaben C Patel8.6%
Shantaben N Rathod13.33%
Zeel C Patel0.64%

Frequently Asked Questions of Chamunda Electrical Ltd IPO

  • What is the size of the Chamunda Electrical Ltd IPO?

    The size of the Chamunda Electrical Ltd IPO is ₹14.6Cr .

  • What is 'pre-apply' for Chamunda Electrical Ltd IPO?

    'Pre-apply' for Chamunda Electrical Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Chamunda Electrical Ltd IPO order be placed?

    Your Chamunda Electrical Ltd IPO order will be placed on 4 Feb 2025.

  • What are the open and close dates of the Chamunda Electrical Ltd IPO?

    The open and close dates of the Chamunda Electrical Ltd IPO are 4 Feb 2025 to 6 Feb 2025.

  • What is the lot size and minimum order quantity of the Chamunda Electrical Ltd IPO?

    The lot size and minimum order quantity of the Chamunda Electrical Ltd IPO are 3000 and 3000 respectively.

  • What would be the listing gains on the Chamunda Electrical Ltd IPO?

    The potential listing gains on the Chamunda Electrical Ltd IPO will depend on various market factors and cannot be predicted with certainty.