Chamunda Electrical IPO subscription started on Tuesday, February 4, 2025, and will close on Thursday, February 6, 2025, as per the schedule. The price band is set at ₹47 to ₹50 per share with a face value of ₹10.
Chamunda Electricals IPO Subscription Status
Chamunda Electrical IPO Subscribed over 45.8x on its Second day till 05.00 PM on 5th January 2025.
- Chamunda Electrical IPO subscription QIB investors portion is 8.58x times, while NII subscribed 40.53x times and RII investors subscribed 69.34x times.
- The company has received bids for 8,84,91,000 shares against 19,32,000 shares on offer on the Second day.
- Chamunda Electrical IPO Subscribed over 45.8x on day 2.
- Chamunda Electrical IPO Subscribed over 16.7x on day 1.
About Chamunda Electricals IPO
Chamunda Electrical Limited was established in June 2013 and is one of the growing companies involved in the business of offering specialized services of operation and maintenance of substations up to 66 KV (kilovolt), testing and commissioning of electrical substations up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (Megawatts) capacity. Their services include erecting EHV class equipment, structures and equipment, earthing, control cable works, and other related work to the substations. Throughout the years, the company has reached the point where they have developed solutions and services through these verticals, which are as follows: Operation, maintenance, testing, and commissioning of electrical substations, Set-up a solar power generation park, and installation and commissioning of electrical equipment. Chamunda Electrical is renowned for having a strong relationship with their clients all due to the ability to develop solutions, provide services, and complete the needs of the clients. As of now, the company has a total staff of 600 engineers, supervisors, and other supporting staff.
Chamunda Electricals IPO Company Financial Report
The company reported revenue of ₹20.07 a crore in 2024 against ₹14.01 crore in 2023. The company reported a profit of ₹2.46 crores in 2024 against a profit of ₹0.31 crores in 2023.
Chamunda Electricals IPO GMP:
Chamunda Electrical IPO GMP was ₹5 as of Wednesday, 5th February 2025. That indicates the IPO is trading at ₹55 with ₹5 premium in the grey market against the issue price of ₹50.
