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IPO

IPO Synopsis
Chamunda Electrical Ltd
Registered Office: No. 113,114 Sakar Building,Op.Petrol Pump, Nr.R.Way Fatak , Palanpur - 385001 , Gujarat , India.
Phone : +91 99789 12471   Fax:
Email :  info@chamundaconst.com  
Website :  https://www.chamundaconst.com/
Initial public offer of upto 29,19,000 equity shares of face value of Rs.10/- each ("equity shares") of Chamunda Electrical Limited (the "Company" or "cel" or "issuer") at an issue price of Rs. 50 per equity share (including a share premium of Rs. 40 per equity share) for cash, aggregating up to Rs. 14.60 crores ("public issue") out of which 1,65,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating Rs. 0.83 crores will be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). the public issue less market maker reservation portion i.e. issue of 27,54,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating up to Rs. 13.77 crores is hereinafter referred to as the "net issue". The public issue and net issue will constitute 26.53% and 25.03% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 50 per equity share of face value of Rs. 10 each. The Floor price is 5 times the face value of the equity shares respectively. Bids can be made for a minimum of 3000 equity shares and in multiple of 3000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
04-Feb-25 06-Feb-25 Rs50.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  Rs Cr Lead Managers to the Issue
Project Cost 13.14
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 14.60  
Post Issue Equity Share Capital 11.00  
Issue Price Rs50.00  
 
Projects
Capital expenditure (Purchase of New Testing Kit and Equipment's)Repayment of term loans and cash credit
Working CapitalGeneral corporate purposes
Promoted By
Chiragkumar Natvarlal Patel
Natvarbhai K Rathod
Purnikaben C Patel
Listing At
NSE - SME 
Registrar to the Issue
KFin Techologies Ltd