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Chamunda Electricals Ltd., a prominent name in the electrical industry, is launching its IPO under the SME category. Chamunda Electricals Ltd has offered electrical solutions for over a decade, specializing in electrical substation services and solar power projects. Now, with plans to expand its operations, Chamunda Electricals IPO is set to raise Rs.14.60 Crore through its IPO, which will consist of 29.19 lakh shares.
Chamunda Electricals IPO Date and Price
The Chamunda Electricals IPO date is scheduled to open on 4th February 2025 and close on 6th February 2025. The issue price is set between Rs.47 and Rs.50 per share, with a face value of Rs.10 per share. The IPO will list on the NSE under the SME category on 11th February 2025.
Chamunda Electricals IPO Size and Lot Size
The total issue size is 29.19 lakh shares, amounting to Rs.14.60 Crore. The minimum lot size for retail investors is 3000 shares, which will cost approximately Rs.1,50,000. For HNI (High Net-worth Individual) investors, the minimum lot is 6000 shares, totaling Rs.3,00,000.
Financial Highlights
Chamunda Electricals has shown steady growth in revenue and profit over the past few years. For FY 2024, it reported a total revenue of Rs.20.07 crore and a PAT (Profit After Tax) of Rs.2.44 crore. The company has also demonstrated strong cash flow management.
GMP and Review
While the Chamunda Electricals IPO GMP (Grey Market Premium) is not available yet, investors should stay updated on this as it can impact the listing price.
Risks and Strengths
The IPO comes with its strengths, such as strong execution capabilities and experienced management. However, the company relies heavily on government contracts and has a concentrated customer base, which could affect its revenue stability.
Conclusion
Chamunda Electricals IPO offers an opportunity for investors to explore a growing company in the electrical and solar power sector. However, potential investors should consider the company’s financials, risks, and growth prospects before making any investment decisions
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