Chamunda Electricals Limited, engaged in testing and commissioning of electrical substations up to 220 KV and solar power generation of 1.5 MW, is launching its IPO worth ₹ 14.60 crore. The issue is a Book Built Issue comprising a fresh issue of 29.19 lakh shares with a price band set at ₹ 47-₹ 50 per share. The subscription period is from February 4 to February 6, 2025, and the IPO will be listed on NSE SME on February 11, 2025.

The minimum investment for retail investors is ₹ 1,50,000 (one lot of 3,000 shares), while HNIs need to invest in at least two lots (6,000 shares) amounting to ₹ 3,00,000. The market capitalization at the upper price band of ₹ 50 per share is estimated at ₹ 55.02 crore.

Chamunda Electricals IPO Subscription Status

As of 11:00 AM on February 5, 2025, the IPO was subscribed 22.68 times, indicating strong investor demand. Investors can track the Chamunda Electricals IPO live subscription status on NSE.

Chamunda Electricals IPO Grey Market Premium (GMP)

The Grey Market Premium (GMP) for Chamunda Electricals IPO stands at ₹ 8, implying a potential listing price of ₹ 58 per share. However, investors should note that GMP is unofficial and does not guarantee actual listing performance.

Anchor Investors & IPO Allotment

Chamunda Electricals raised ₹ 4.11 crore from anchor investors at a price of ₹ 50 per share, with 8,22,000 equity shares allocated. The IPO allotment date is set for February 7, 2025, and investors can check their Chamunda Electricals IPO allotment status online by:

1. Visiting the IPO registrar’s website.

2. Selecting Chamunda Electricals Limited IPO.

3. Entering PAN, application number, or DP Client ID to check the status.

Chamunda Electricals Financial Performance

The company's revenue for the period ended December 31, 2024, and fiscal years 2024, 2023, and 2022 were ₹ 1,842.57 lakh, ₹ 2,006.69 lakh, ₹ 1,401.39 lakh, and ₹ 1,132.25 lakh, respectively. The profit after tax (PAT) grew from a loss of ₹ -51.28 lakh in FY22 to ₹ 243.63 lakh in FY24, demonstrating steady financial growth.

Objectives of the IPO

The company plans to use the proceeds for:

1. ₹ 120.51 lakh for purchasing new testing kits and equipment.

2. ₹ 550.00 lakh for working capital requirements.

3. ₹ 285.07 lakh for loan repayment.

4. General corporate purposes and issue expenses.

Should You Apply for Chamunda Electricals IPO?

The company has demonstrated strong financial growth, and its GMP suggests a 16% potential listing gain. With a post-issue P/E ratio of 22.58x and ROE of 52.43%, the IPO appears fairly priced. Risk-taking investors may consider applying.

The Upcoming IPOs in this week and coming weeks are  Readymix Construction, Solarium Green, Eleganz Interiors, PS Raj Steels, Chandan Healthcare, Ajax Engineering.

The Current active IPO are Ken Enterprises, Amwill Healthcare,Chamunda Electricals.

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