Chamunda Electrical Limited IPO
Chamunda Electrical Limited IPO
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Chamunda Electrical Limited's successfully completed its Initial Public Offering and commenced trading on 11-02-2025 at the NSE exchange. The company raised 29,19,000 Shares through this public offering, comprising 29,19,000 Shares in fresh capital.
The IPO was priced within the band of ₹47 to ₹50, with minimum application lots of 3000 shares. The offering attracted significant investor interest during its subscription period from 04-02-2025 to 06-02-2025.
Share allotment was finalized on 07-02-2025, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Chamunda Electrical IPO About Company
Chamunda Electricals Limited, incorporated in June 2013, specializes in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV and operates 1.5 MW solar power generation projects. The company provides expertise in erecting EHV class equipment, structures, earthing, and control cable works for D Class substations and is also engaged in developing solar power generation parks. With a workforce of over 600 engineers, supervisors, and supporting staff, Chamunda Electricals efficiently executes complex electrical projects, covering substation operations, solar infrastructure development, and installation and commissioning of electrical equipment up to 220 KV.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Chamunda Electrical IPO Strength Factors
- 10+ Years of Power Sector Experience: and the company has consistently delivered projects with strong expertise and efficiency, building trust in the industry.
- Strong Leadership Team: and their deep industry knowledge and strategic direction help drive growth, stability, and long-term success.
- Advanced Testing & Commissioning Equipment: and the use of modern tools ensures reliable, accurate, and high-quality power solutions for clients.
- Growing Presence Across 77 Substations: and this expanding footprint reflects a solid, scalable business model with proven execution capability.
- Expansion into EHV Testing & Commissioning: and entering this advanced segment opens new opportunities, strengthens service offerings, and boosts future growth potential.
Chamunda Electrical IPO Risk Factors
- High Dependence on Substation Projects: and over 85% of revenue coming from this segment makes the business vulnerable if demand slows down.
- Revenue Concentrated in 10 Customers: and relying completely on a small client base increases the risk if any major customer reduces or stops orders.
- Heavy Reliance on Government Tenders: and this dependence makes revenue unpredictable due to tender cycles, delays, and approvals.
- Intense Competition in Bidding: and strong rivals in the tender process can reduce the chances of winning contracts and may impact profit margins.
- High Working Capital Requirement: and delays in project execution or cost overruns can create financial strain and affect cash flow stability.
Chamunda Electrical IPO Lead Manager(s)
- GYR Capital Advisors Private Limited
Chamunda Electrical IPO Promoter(s)
- Mr. Chiragkumar Natvarlal Patel
- Mr. Natvarbhai K Rathod
- Mrs. Purnikaben C Patel
Chamunda Electrical IPO FAQs
Chamunda Electrical Limited IPO subscribed 738.06 times. The public issue subscribed 554.13 times in the retail category,155.85times in QIB, and -- times in the HNI (10+) category byNovember 25, 2025 12:11:39 PM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Chamunda Electrical IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Chamunda Electrical IPO FAQs
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