Chamunda Electricals IPO - Day 3 Subscription at 69.44 Times

Chamunda Electricals's initial public offering (IPO) has received exceptional investor interest over the three-day period. The IPO witnessed remarkable growth in demand, with subscription rates progressing from 16.70 times on day one, to 46.09 times on day two, and reaching an impressive 69.44 times by 10:34 AM on the final day.
 

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Chamunda Electricals IPO, which opened on February 4, 2025, has seen strong participation across categories. The Retail Investors segment has shown exceptional interest, reaching 97.60 times subscription, while Non-Institutional Investors achieved robust subscription at 84.89 times. The QIB portion stands at 8.58 times.

Subscription Status of Chamunda Electricals IPO:

Here are the subscription details for Chamunda Electricals IPO as of Day 3 (February 6, 2025, 10:34 AM)

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price band of ₹50
• The portions of anchor investors and market maker are not included in the total shares offered

Key Highlights - Day 3:

• Overall subscription reached an impressive 69.44 times on the final day
• Retail investors showing exceptional interest at 97.60 times subscription
• Non-institutional investors achieved strong 84.89 times subscription
• QIB portion maintained at 8.58 times
• Total bids worth ₹670.80 crores received
• Applications reached 33,493 showing robust retail interest
• A market response indicating very strong demand
• All categories showing substantial oversubscription
• Final day demonstrating significant investor confidence

Chamunda Electricals IPO - Day 2 Subscription at 33.76 Times

Key Highlights:

• Overall subscription grew substantially to 46.09 times
• Retail investors showed strong growth to 69.88 times
• QIB portion improved to 8.58 times
• NII segment increased to 40.63 times
• Day two witnessed accelerated momentum
• Market response showing strong confidence
• All segments demonstrating robust growth
• Strong retail participation continuing

Chamunda Electricals IPO - Day 1 Subscription at 7.91 Times

Key Highlights:

• Overall subscriptions opened at 16.70 times
• Retail investors began strongly at 26.57 times
• QIB portion started at 6.02 times
• NII segment showed initial interest at 7.91 times
• Opening day showed exceptional response
• Initial momentum indicating strong demand
• Market confidence evident across segments
• Strong retail participation from the start

About Chamunda Electricals Limited

Incorporated in June 2013, Chamunda Electricals Limited specializes in operating and maintaining electrical infrastructure up to 66 KV substations and testing and commissioning for up to 220 KV substations. The company also operates in 1.5 MW solar power generation.

Their financial performance shows strong growth with revenue increasing from ₹14.01 crores in FY2023 to ₹20.07 crores in FY2024, while profit after tax rose from ₹0.31 crores to ₹2.44 crores in the same period. For the nine months ended December 31, 2024, the company reported revenue of ₹18.43 crores with a PAT of ₹2.81 crores.

Their competitive strengths include:

• Decade-long industry experience with strong execution capabilities
• Strong promoters and experienced management team
• Advanced equipment and skilled workforce
• Scalable business model with robust work order book
• Team of over 600 engineers and technical staff
• Comprehensive range of electrical infrastructure services
   

Highlights of the Chamunda Electricals IPO:

• IPO type: Book Built Issue SME IPO
• IPO size: ₹14.60 crores
• Fresh Issue: 29.19 lakh shares
• Face value: ₹10 per share
• Price band: ₹47 to ₹50 per share
• Lot size: 3,000 shares
• Minimum investment for retail investors: ₹1,50,000
• Minimum investment for HNI: ₹3,00,000 (2 lots)
• Market maker reservation: 1,65,000 shares
• Listing at: NSE SME
• IPO opens: February 4, 2025
• IPO closes: February 6, 2025
• Allotment date: February 7, 2025
• Refund initiation: February 10, 2025
• Credit of shares: February 10, 2025
• Listing date: February 11, 2025
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Kfin Technologies Limited
• Market Maker: Wiinance Financial Services Private Limited