Chamunda Electrical IPO Allotment Status

Summary

Chamunda Electricals Limited, established in June 2013, 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. With over 600 engineers and supervisors, the company has built strong capabilities in electrical infrastructure services, including erecting EHV class equipment, structures, earthing, and control cable works for up to 220 KV (D Class) substations.

Chamunda Electricals IPO comes with a total issue size of ₹14.60 crore, which is entirely a fresh issue of 29.19 lakh shares. The IPO opened on February 4, 2025, and closed on February 6, 2025. The allotment date for the Chamunda Electricals IPO is expected to be finalized on Friday, February 7, 2025.

Steps to Check Chamunda Electricals IPO Allotment Status on Registrar Site

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• ​​​​​​​Visit Kfin Technologies Limited website
• Select "Chamunda Electricals IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Chamunda Electricals IPO Allotment Status on BSE/NSE

• ​​​​​​​​​​​​​​Navigate to the BSE or NSE IPO Allotment Status Page
• Choose "Chamunda Electricals IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Chamunda Electricals IPO Subscription Status

Chamunda Electricals IPO received exceptional investor interest, being subscribed 737.95 times overall. Here is a category-wise breakdown of the subscription as of 5:09:59 PM on February 6, 2025:

• Retail Category: 554.09 times
• Qualified Institutional Buyers (QIB): 155.85 times
• Non-Institutional Investors (NII): 1,943.07 times

As of 5:09:59 PM
 

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Capital Expenditure: Purchase of new testing kit and equipment
• Working Capital: Funding the company's working capital requirements
• Debt Reduction: Repayment of term loans and cash credit
• General Corporate Purposes: Meeting various corporate requirements
• Issue Expenses: To meet the expenses related to the IPO
   

Chamunda Electricals IPO - Listing Details 

The shares are scheduled to list on February 11, 2025, on NSE SME. The extraordinary subscription rate of 737.95 times shows remarkable investor interest in Chamunda Electricals' business model and growth prospects.

The company has shown strong financial performance with revenue of ₹18.43 crore and profit after tax of ₹2.81 crore for the period ended December 31, 2024. Their specialized electrical infrastructure services, experienced management team, and robust order book position them well for future growth.