Chamunda Electricals IPO Review: Apply or Avoid?
Posted by : sachet | Mon Feb 03 2025
Chamunda Electricals IPO is now open for bidding on 4th February 2025.. The issue is recognised as an SME IPO for its tentative listing date of 11th February 2025. It is entirely a fresh issue of 29,19,000 shares worth Rs 14.60 crore.
Chamunda Electricals IPO
Chamunda Electricals IPO date is set between 4th February 2025 to 6th February 2025. The face value of Chemical Electricals Limited shares stands at Rs 10 per share, and the IPO price band is set at Rs 47 to Rs 50 per share.
Kfin Technologies Limited is the registrar of Chamunda Electricals IPO and is responsible for managing allotment and refund procedures. Moreover, GYR Capital Advisors Private Limited is the book-running lead manager of this IPO. Download Chamunda Electricals IPO RHP. Check out the further IPO details in the table below.
| IPO Open Date | 4th February 2025 |
| IPO Close Date | 6th February 2025 |
| IPO Allotment Date | 7th February 2025 |
| Refund Initiation | 10th February 2025 |
| Issue Size | 29,19,000 shares (worth Rs 14.60 crore) |
| Face Value | Rs 10 per share |
| Lot Size | 3,000 shares |
| Price Band | Rs 47 to Rs 50 per share |
| Issue Type | Book Built Issue |
| Listing At | NSE & SME |
| Listing Date | 11th February 2025 |
Chamunda Electricals IPO GMP, Issue Size, Price, and Offer Details
Chamunda Electricals IPO is entirely a fresh issue of 29,19,000 equity shares worth Rs 14.60 crore. Chamunda Electricals Limited shares will likely be listed on NSE and SME. In contrast, the Securities Exchange Board of India (SEBI) has specified share reservations for different categories of investors.
| Investor Categories | Reservation Required |
| QIB | <50% of total issue |
| Retail Investors | >35% of total issue |
| NII (sNII+bNII) | >15% of total issue |
| Total | 100% |
Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors).
Chamunda Electricals IPO GMP Grey Market Premium
Want to get live updates on Chamunda Electricals IPO GMP? If yes, you are at the right spot. It is essential to note that GMP is the difference between the price band and the price at which shares are trading in the grey market. It is subject to change as per the market sentiments. One must check the live GMP status to apply for Chamunda Electricals IPO. Explore the data tabulated below for real-time insights on Chamunda Electricals IPO GMP.
| GMP Date | GMP | Estimated Listing Price | Estimated Listing Gains |
| 05-02-2025 | Rs 13 | Rs 63 | 26.00% |
| 04-02-2025 | Rs 13 | Rs 63 | 26.00% |
| 03-02-2025 | Rs 11 | Rs 61 | 22.00% |
| 02-02-2025 | Rs 11 | Rs 61 | 22.00% |
| 01-02-2015 | Rs 11 | Rs 61 | 22.00% |
| 31-01-2025 | Rs 11 | Rs 61 | 22.00% |
| 30-01-2025 | Rs 11 | Rs 61 | 22.00% |
| 29-01-2025 | Rs 0 | Rs 50 | 0% |
*Data is updated as of 5th February 2025.
As of now, on 5th February 2025, Chamunda Electricals IPO GMP stands at Rs 13 per share, which means the share will likely be listed at Rs 63 (50+13) on its tentative listing date, 11th February 2025.
Chamunda Electricals IPO Review
Besides effective recognition and popularity, Chamunda Electricals IPO comes with some risks. To avoid significant losses in this IPO, one should conduct research on its technical and fundamental analysis. Here is a detailed review of the IPO that could help you make an informed investment decision.
Financial Health
The financial performance of a company might reveal its competitiveness and effectiveness to sustain a competitive edge in the market. Thus, it is crucial to understand the financial aspects of the business when applying for an IPO.
During FY2023-24, the revenue of Chamunda Electricals Limited stood at Rs 14.01 crore, which increased by 43.25% to Rs 20.07 crore. On the other hand, the PAT of the company was raised by 645.45% from Rs 0.31 crore to Rs 2.44 crore.
Chamunda Electricals Limited has shown consistent growth in its financial performance, increasing its efficiency in competing with other players in a similar industry. Thus, Chamunda Electricals IPO is expected to receive an impressive level of investor engagement to deliver a significant return on its tentative listing day, which is 11th February 2025.
Technical Analysis
A number of technical indicators are available to assess the stock’s potential for the coming time. You can analyse the potential of Chamunda Electricals IPO with the help of the technical indicators mentioned below.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 16.43 |
| PB Ratio (Price-to-Book) | 10.59 |
| EPS (Earnings Per Share) | 3.04 |
| ROE (Return on Equity) | 52.83% |
| RoNW | 41.79% |
| ROCE | 36.73% |
| Debt-to-Equity Ratio | 0.78 |
| PAT Margin (Profit After Tax) | 12.34 |
| Market Capitalisation | Rs 55.02 crore |
*Data is updated as of 3rd February 2025.
The PE ratio of Chamunda Electricals Limited shares is 16.43, and its Earnings Per Share stands at 3.04. It indicates that the IPO has a high potential to deliver short and long-term returns.
Chamunda Electricals Limited Peer Comparison
| Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS (in Rs) | RoNW (in %) | Dividend Yield | NAV (in Rs) |
| Chamunda Electricals Limited | 20.07 | 16.59 | 10 | 3.01 | 41.79% | N/A | N/A |
| Bajaj Electricals Limited | 1,190.00 | 70.96 | 2 | 9.34 | 1.94% | 0.45% | 126.83 |
| Artemis Electricals Projects Limited | 41.48 | 203.00 | 1 | 0.12 | -0.49% | 0% | 3.17 |
| Finolex Cables Limited | 1,400 | 44.45 | 2 | 45.70 | 14.44% | 0.82% | 339.49 |
| Dixon Technologies (India) Limited | 4,660.00 | 110.91 | 2 | 131.49 | 7.03% | 0.03% | 371.01 |
| Calcom Vision Limited | 47.79 | 250.45 | 10 | 0.44 | – | 0.00% | 39.33 |
| Crompton Greaves Consumer Electricals Limited | 1,960.00 | 44.07 | 2 | 7.78 | 6.59% | 0.87% | 48.27 |
| BPL Limited | 16.06 | 23.67 | 10 | 3.92 | 3.48% | 0.00% | 54.49 |
*Data is updated as of 3rd February 2025.
Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Chamunda Electricals Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 16.59 | 14.66 |
| EPS | 3.01 | 3.41 |
*Data is updated as of 3rd February 2025.
Chamunda Electricals IPO Subscription Status
The IPO was opened on 4th February 2025. As of now, Chamunda Electricals IPO has been subscribed 16.7 times in total. The retail investors subscribed to this issue 26.57 times, QIB by 6.02 times and NII by 7.91 times. Stay informed with this article, or sign up to Univest to get live subscription details for the IPO.
| Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
| Retail Investors | 9,66,000 | 2,56,62,000 | 26.57 times |
| QIB | 5,52,000 | 33,24,000 | 6.02 times |
| NII (sNII+bNII) | 4,14,000 | 32,76,000 | 7.91 times |
| Anchor Investors | 8,22,000 | 8,22,000 | 1 time |
| Market Maker | 1,65,000 | 1,65,000 | 1 time |
| Total | 29,19,000 | 3,32,49,000 | 16.7 times |
*Data is updated as of 5th February 2025.
About Chamunda Electricals Limited
Chamunda Electricals Limited was founded in 2013 and is engaged in the operation and maintenance of 66 KV substations, testing for up to 220 KV substations, and 1.5 MW solar power generation. As of 31st December 2024, the company was operating with 647 employees. Here are some of the categories in which the company is operating in the competitive business world.
- Setting up a solar power generation park.
- Operation, maintenance, testing, and commissioning of electrical substations.
- Installation and commissioning of electrical equipment designed to operate at voltages of up to 220 KV.
With 600+ engineers and supervisors, Chamunda Electricals Limited has consistently grown its financial strength. A scalable business model with a robust order book and a skilled management team are two major competitive strengths of Chamunda Electricals Limited.
Chamunda Electricals Limited’s Financials
One should explore its financial performance to apply for Chamunda Electricals IPO. Have a look at the table below to examine the financials of Chamunda Electricals Limited.
| Year Ended | 31st December 2024 (in cr.) | 31st Mar 2024 (in cr.) | 31st Mar 2023 (in cr.) | 31st Mar 2022 (in cr.) |
| Assets | 18.06 | 12.13 | 8.71 | 8.74 |
| Borrowings | 2.92 | 4.61 | 3.69 | 4.65 |
| Revenue | 18.29 | 20.07 | 14.01 | 11.32 |
| Profit After Tax | 2.81 | 2.44 | 0.31 | -0.51 |
| Net Worth | 10.93 | 5.86 | 3.43 | 3.12 |
*Data is updated as of 3rd February 2025.
Explanation
Chamunda Electricals Limited has shown a 43.25% increase in its revenue during FY23-24 and a 645.45% increase in its profit after tax, which stood at Rs 0.31 crore in FY23 and reached Rs 2.44 crore in FY24.
Chamunda Electricals IPO Bidding Requirements
Chamunda Electricals IPO has set minimum and maximum lots for the application of different categories of investors. Explore the table below to know about the requirements to be fulfilled for applying for this IPO.
| Investor Category | Lots | Shares | Amount (in Rs) |
| Retail (Minimum) | 1 | 3,000 | Rs 1,50,000 |
| Retail (Maximum) | 1 | 3,000 | Rs 1,50,000 |
| Small HNIs (Minimum) | 2 | 6,000 | Rs 3,00,000 |
| Big HNIs (Minimum) | 7 | 21,000 | Rs 10,50,000 |
Aim of Chamunda Electricals IPO
The primary aim of Chamunda Electicals IPO is to raise Rs 14.60 crores. However, the company is going to utilise these funds in different ways. Here are some of the secondary objectives of Chamunda Electricals Limited for this fresh issue of 29,19,000 shares.
- Capital expenditure of new testing kits and equipment.
- Repayment of debt, including cash credit and term loans.
- General corporate purposes.
- Increase the working capital of the company.
Risks for Chamunda Electricals IPO
Chamunda Electricals IPO GMP is 26.00% up from its price, but it doesn’t mean the IPO guarantees success. It also poses some risks or challenges for investors. Explore significant risks prior to applying for Chamunda Electricals IPO.
- Increased Debt
The total borrowings of Chamunda Electricals Limited stood at Rs 3.69 crore in the year ended on 31st March 2023. Later, it was increased to Rs 4.61 crore in the financial year ended on 31st March 2024. A rise in debt level may incur high-interest payments for the company.
- Low Market Capitalisation
The market capitalisation of Chamunda Electricals Limited stood at Rs 55.02 crore. It is a small-medium enterprise (SME). It could be risky to invest a huge amount in Chamunda Electricals IPO for the long term.
Should I Invest in Chamunda Electricals IPO?
If you want to know whether you should apply for Chamunda Electricals IPO or not, you can explore the pros and cons of the IPO below.
Pros of Chamunda Electricals IPO
- Scalable business model.
- Robust order book.
- Skilled management staff.
Cons of Chamunda Electricals IPO
- Low market capitalisation.
- High bidding amount.
- Increase in debt.
How Can Univest Help Me Choose the Best IPO?
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The SEBI-registered RAs at this trusted platform provide verdicts on IPOs and their listing gains. You can also consider Univest blogs to know about IPO’s GMP updates, subscription status, offer details, and more. So, what are you waiting for? Sign up now and check for Univest’s pricing to earn higher returns from the stock market.
How to Apply for Chamunda Electricals IPO?
Follow the steps mentioned below to apply for Chamunda Electricals IPO.
- Step 1: Conduct thorough research on Chamunda Electricals IPO GMP, subscription status, issue size, lot size, and more.
- Step 2: Open a demat account on Univest to apply for the IPOs. You can also use your previous demat account just by navigating to the IPO section.
- Step 3: Place a bid for one lot of 3,000 shares worth Rs 1,50,000 of Chamunda Electricals IPO.
- Step 4: You will receive a mandate request on your mode of payment. Approve the request and stay informed about the allotment status.
How to Check Chamunda Electricals IPO Allotment Status?
You can check for Chamunda Electricals IPO allotment in different ways. These include BSE’s official website and registrar portal. Explore the steps mentioned below to know your allotment status online.
Check On BSE’s Official Website
- Visit the BSE official website.
- Select Equity as the issue type.
- Choose Chamunda Electricals IPO.
- Select whether to proceed with the PAN number or application number.
- Submit your information to check the allotment status online.
Check On Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your allotment status.
Final Thoughts
Chamunda Electricals IPO is the book-built issue of 29,19,000 shares worth Rs 14.60 crores. The shares are set to be listed on NSE and SME on the tentative listing date of 11th February 2025. Investors and brokers have a positive outlook for this IPO and highlighted its pros as increasing turnover and the steady growth potential of the company. However, the issue also consists of challenges like high debt level, low market capitalisation, and high lot size. Researching Chamunda Electricals IPO reviews is recommended to generate higher listing gains.
Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link.
FAQs on Chamunda Electricals IPO
How is Chamunda Electricals IPO?
Ans. As of now, on 5th February 2025 Chamunda Electricals IPO GMP (Grey Market Premium) stands at Rs 13 (26.00% up). It indicates that the estimated listing price could be Rs 63 per share. It is entirely a fresh issue of 29,19,000 shares worth Rs 14.60 crore. The IPO price band is fixed at Rs 47 to Rs 50 per share, and the face value of each share is Rs 10.
What is Chamunda Electricals IPO price?
Ans. Chamunda Electricals IPO price band has been set between Rs 47 to Rs 50 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 3,000 shares worth Rs 1,50,000. Moreover, NIIs are required to bid for a minimum of 2 lots (6,000) shares worth Rs 3,00,000.
Is Chamunda Electricals IPO good?
Ans. During FY2023-24, the revenue of Chamunda Electricals Limited stood at Rs 14.01 crore, which increased by 43.25% to Rs 20.07 crore. On the other hand, the PAT of the company was raised by 645.45% from Rs 0.31 crore to Rs 2.44 crore. Chamunda Electricals IPO has also gained a positive rating from industry experts, brokers and institutional investors.
Who is the registrar of Chamunda Electricals IPO?
Ans. Kfin Technologies Limited is the registrar of Chamunda Electricals IPO and awaits to manage the IPO allotment procedure and refund initiation. For any query regarding Chamunda Electricals IPO allotment and refund, you can reach out to Kfin Technologies Limited through reachus@kfintech.com or 04067162222 / 04079611000.
What is issue size of Chamunda Electricals IPO?
Ans. Chamunda Electricals IPO is the fresh issue of 29,19,000 shares worth Rs 14.60 crore. The issue is set to open on 4th February 2025 and will be closed on 6th February 2025.
Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Chamunda Electricals IPO, download the Chamunda Electricals IPO RHP and Chamunda Electricals IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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