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Chamunda Electrical Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Chamunda Electrical Ltd IPO

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 [*]% and [*]% 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 (Rs)50.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.00
GYR Capital Advisors Pvt Ltd
Project Financed through Current Offer 14.60  
Post Issue Equity Share Capital 11.00  
Issue Price (Rs)50.00  
 
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