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Chamunda Electricals IPO
Price Band
₹47.0–50.0
Issue Size
₹14.6 Cr
Lot Size
3,000 shares
Min Investment
₹150,000
GMP
+₹20.0 (40.0%)
Issue Price
₹50.0
Subject to Sauda
₹45600
Paid only if allotted
Chamunda Electricals IPO AI Summary
- Chamunda Electricals IPO is listed on NSE SME.
- Price band: ₹47.0–₹50.0 per share, lot size 3,000 shares (min. investment ₹150,000).
- Subscription window: 04 Feb–06 Feb 2025, listing on 11 Feb 2025.
- Current GMP is +₹20.0 (40.0%), an estimated listing price of ₹70 — unofficial and can change daily.
Chamunda Electricals Limited is an SME IPO focused on electrical infrastructure and solar power generation. With a strong team and a diverse service offering, the company aims to utilize the proceeds from this IPO for capital expenditure, working capital, and other corporate purposes.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Chamunda Electricals IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 06 Feb 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Chamunda Electricals IPO Grey Market Premium (GMP) Today
GMP
+₹20.0
GMP %
+40.0%
Est. Listing
₹70.0
Updated: 25 Jul 2026 14:30
About the Company
Founded in June 2013, Chamunda Electricals Limited specializes in operating and maintaining up to 66 KV substations, testing and commissioning for up to 220 KV substations, and 1.5 MW solar power generation. The company's services include erecting EHV class equipment, structures, earthing, control cable works, and other associated tasks for up to 220 KV (D Class) substations. The company has a team of more than 600 engineers, supervisors and other supporting staff well-equipped to handle complex projects with a high degree of accuracy. The company's business can be divided into the following categories Operation, Maintenance, Testing & Commissioning of Electrical Sub-stations Set up a solar power generation park Installation and commissioning of electrical equipment designed to operate at voltages typically up to 220 kV As on December 31, 2024, the company had 637 full-time employees. Competitive Strength Decade long years of industry experience with strong execution capabilities Strong Promoters and Board of Directors supported by an experienced senior management team Advanced Equipment & Skilled Workforce for Precision Scalable Business Model with a strong work order book
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 18.06 | 12.13 | 8.71 | 8.74 |
| Total Income | 18.43 | 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 |
| Reserves and Surplus | 2.84 | 3.86 | 1.43 | 1.12 |
| Total Borrowing | 2.92 | 4.61 | 3.69 | 4.65 |
Key Ratios
EPS
₹3.01
NAV
₹8.89
ROE
52.43%
ROCE
36.82%
RoNW
41.54%
P/B Value
10.59
P/E Ratio
16.59
Market Cap
₹55.02 Cr
PAT Margin
12.21%
Debt/Equity
0.78
Promoters
Chiragkumar Natvarlal Patel, Natvarbhai K Rathod and Purnikaben C Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure (Purchase of New Testing Kit and Equipments) 1.21 2 Working Capital 5.50 3 Repayment of Term Loans and Cash Credit 2.85 4 General Corporate Purposes 3.58 5 Issue Expenses 1.46 Total 14.60
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹11.32 Cr for the period ending 31 Mar 2022, increasing to ₹14.01 Cr by 31 Mar 2023. However, it rose to ₹20.07 Cr in the next full year ending 31 Mar 2024, before dropping to ₹18.43 Cr in the most recent period ending 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax was a loss of ₹0.51 Cr for the period ending 31 Mar 2022, which improved to a profit of ₹0.31 Cr by 31 Mar 2023. This continued to rise to ₹2.44 Cr for the period ending 31 Mar 2024, and further increased to ₹2.81 Cr by 31 Dec 2024.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading before it officially lists on the stock exchange. A positive GMP suggests that investors anticipate a higher listing price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable and established companies may want to avoid investing in this IPO, as it operates in a sector that can experience fluctuations and uncertainties.
IPO Timeline, Explained
The IPO will open for subscription on February 4, 2025, and close on February 6, 2025. Allotment of shares will be done on February 7, 2025, with the listing expected on February 11, 2025.
Listing Gains — The Risk
While many investors hope for listing-day gains, it is important to remember that such gains are not guaranteed. Market conditions, investor sentiment, and the company's performance can all influence the stock's price on the listing day.
This evaluation is generated from Chamunda Electricals's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Chamunda Electricals IPO GMP today?
Chamunda Electricals IPO GMP today is +₹20.0 (40.0%), indicating an estimated listing price of ₹70. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Chamunda Electricals IPO?
The price band of Chamunda Electricals IPO is ₹47.0–₹50.0 per share.
When does Chamunda Electricals IPO open and close?
Chamunda Electricals IPO opens on 04 February 2025 and closes on 06 February 2025.
When does Chamunda Electricals IPO list on the stock exchange?
Chamunda Electricals IPO listed on 11 February 2025 at ₹70.0.
What is the lot size for Chamunda Electricals IPO?
The lot size for Chamunda Electricals IPO is 3000 shares, requiring a minimum investment of ₹150,000.
What is the lot size for this IPO?
The lot size for this IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹150,000.
What is the price band for the IPO?
The price band for the IPO is between ₹47.0 and ₹50.0.
When is the listing date for the IPO?
The listing date for the IPO is February 11, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
04 Feb 2025
Close
06 Feb 2025
Allotment
07 Feb 2025
Listing
11 Feb 2025
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