Chamunda Electricals IPO Itemizing: Decrease circuit as quickly as it’s listed, sturdy shock on entry of ₹ 50 shares – INA NEWS

Chamunda Electricals IPO Itemizing: The shares of Chamunda Electricals had been premium entry on NSE SME right this moment however then the shares broke and got here to the decrease circuit. Its IPO obtained greater than 737 instances the general. Shares have been issued at a worth of Rs 50 underneath IPO. Right this moment, it has entered NSE SM at Rs 70, that’s, IPO buyers bought a 40 % itemizing features (Chamunda Electricals Itemizing Acquire). Nonetheless, IPO buyers instantly pale when the shares broke. It broke to the decrease circuit of Rs 66.50 (Chamunda Electricals Share Value) i.e. IPO buyers at the moment are 33 p.c worthwhile.

Chamunda Electricals IPO bought sturdy response

The ₹ 14.60 crore IPO of Chamunda Electricals was opened until 4-6 February for subscription. This IPO obtained great response from buyers and total it was subscribed to 737.97 instances. It had a share reserved for certified institutional consumers (QIB) 155.85 instances, non-institutional buyers (NII) share 1,943.09 instances and retail buyers had been crammed 554.13 instances. Below this IPO, 29.19 lakh new shares with a face worth of Rs 10 have been issued. The corporate used the cash collected via these shares, the acquisition of recent testing kits and gear, working capital wants. Time period loans and money credit will likely be full of points associated bills and customary company functions.

About Chamunda Electricals

The O&M (Operation and Upkeep) of Substations as much as Chamunda Electricals 66 CVStations made in June 2013, testing and commissioning of substance as much as 220 kV and 1.5 MW is within the enterprise of solar energy technology. Its enterprise may be divided into two parts- O&M, testing and commissioning {of electrical} sub-stations; And setup of solar energy technology park. Speaking concerning the monetary well being of the corporate, it has been strongly strengthened.

It had a web lack of Rs 51 lakh in FY 2022, however within the very subsequent monetary 12 months 2023 it got here into web revenue of Rs 31 lakh and within the subsequent monetary 12 months 2024, the revenue elevated to Rs 2.44 crore. Throughout this era, the corporate’s income elevated to Rs 18.43 crore from a compound fee (CAGR) of greater than 33 per cent yearly. Speaking concerning the present monetary 12 months 2024-25, in April-December 2024 it has obtained a web revenue of Rs 2.81 crore and a income of Rs 18.43 crore.

High quality Energy Electrical Equipments IPO: ₹ 400-430 may be Value Band