Chamunda Electricals
Listed
Listed
IPO Timeline
Issue open date
4 Feb 2025Issue close date
6 Feb 2025UPI mandate deadline
6 Feb 2025Allotment finalization
7 Feb 2025Refund initiation
10 Feb 2025Share credit
10 Feb 2025Listing date
11 Feb 2025Mandate end date
19 Feb 2025Lock-in end date for anchor investors (50%)
9 Mar 2025Lock-in end date for anchor investors (remaining)
8 May 2025Key Dates
Open
4 Feb 2025Close
6 Feb 2025Listing
11 Feb 2025Quick Stats
Issue Size:15cr
Lot Size:3000 shares
About the Company
Chamunda Electricals is a specialized provider of operation & maintenance (O&M) services for electrical substations up to 66kV and testing & commissioning of substations up to 220kV. With a strong track record of growth, their substation O&M portfolio has expanded from 62 in FY22 to 130 in FY25, driven by competitive bidding. They also operate a 1.5 MW solar power park in Gujarat under a 25-year PPA with UGVCL. Their expertise in EHV equipment erection and customized service offerings has helped them secure long-term relationships with key industry players.
Strengths
- Strong ties with contract farmers & vendors ensure raw material availability year-round.
- An efficient supply chain fosters long-term customer relationships.
- Stringent quality control has earned them awards & accreditations.
- Cost-efficient, advanced in-house processing facilities.
- Diverse product portfolio serving global customers.
- Proven financial performance with a scalable model.
- Led by an experienced promoter & management team.
Risks
- Revenue relies entirely on their top 10 customers, losing any would harm profitability.
- Revenue depends on government bid approvals.
- Working capital-intensive substation O&M business.
- Non-compliance may lead to penalties or lost business.
- Project delays risk cost overruns and reputation damage.
Chamunda Electricals IPO – Frequently Asked Questions
- The price band for the Chamunda Electricals IPO is set at ₹47 to ₹50 per share.
- The Chamunda Electricals IPO opens on February 4, 2025 and closes on February 6, 2025.
- The tentative listing date for the Chamunda Electricals IPO is February 11, 2025.
- You can apply for the Chamunda Electricals IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Chamunda Electricals, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Chamunda Electricals IPO is 3000 shares. Investors must apply for at least one lot (i.e., 3000 shares).