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Mumbai (Maharashtra) [India], February 3: <\/strong>Palanpur-based\u00a0Chamunda Electrical\u00a0Limited\u00a0(\u201cThe Company\u201d) is in the business of\u00a0specialized services of operation and maintenance of substation up to 66 KV\u00a0(Kilovolt), testing and commissioning of electrical substation up to 220 KV\u00a0(Kilovolt)\u00a0and solar power generation park of 1.5 MW\u00a0(Megawatts), have raised\u00a0\u20b9\u00a0411.00\u00a0Lakhs\u00a0ahead of its Initial Public Offering (IPO). The company has informed NSE that it allocated\u00a08,22,000\u00a0equity shares at \u20b9\u00a050\u00a0per share on\u00a0February 03, 2025, to anchor investors.<\/p>\n 3 (Three)\u00a0Anchors participated in the anchor portion viz.\u00a0Paradise Moon Investment Fund\u00a0I,\u00a0SMC India Opportunities Fund\u00a0and\u00a0Vikasa India Eif I Fund \u2013 Incube Global Opportunities.<\/p>\n The company aims raise nearly \u20b9\u00a01459.50 Lakhs\u00a0(upper price band) through the SME IPO and list the shares on NSE Emerge platform. The\u00a0issue\u00a0proceeds will be utilized for Capital Expenditure where Company will be purchasing new testing kits and\u00a0equipment\u2019s\u00a0for \u201cNational Accreditation Board for Testing and Calibration Laboratories\u00a0(NABL)\u201d lab at their Surat branch office, funding of working capital requirements and repayment of term loans and cash credit and rest for general corporate purposes.<\/p>\n Company offers specialized services of operation and maintenance of substation up to 66 KV (kilovolt), testing and commissioning of electrical sub-station up to 220 KV (Kilovolt) and solar power generation parks of 1.5 MW(Megawatts)\u00a0and within their scope, errection of\u00a0Extra High Voltage (EHV)\u00a0class\u00a0equipment\u2019s, structures and\u00a0equipment\u2019s, earthing control cable works and other associated works for substations up to 220 KV(Kilovolt)\u00a0(D Class).<\/p>\n Looking at the potential growth of renewable energy specifically the solar energy, company have set-up a solar-power generation park at Banaskhantha, Gujarat which has a capacity of 1.5 MW\u00a0(Megawatts)\u00a0in which Company have signed a 25-year Purchase Power Agreement with Uttar Gujarat Vij Company Limited (UGVCL).<\/p>\n Company has built a good reputation over more than a decade of delivering excellence in the power sector and with a deep expertise and specialization in EHV (Extra High Voltage) class\u00a0equipment\u2019s,\u00a0the company has successfully executed complex Erection, Testing and Commissioning projects for substations. Company has demonstrated\u00a0proficiency in substation \u2018s Operation & Maintenance (O&M). This ensures sustained performance, reliability and efficiency of critical infrastructure, further solidifying the company\u2019s role as a trusted partner in the power sector.<\/p>\n Chamunda Electrical Limited seeks to leverage its industry expertise and market positioning to capitalize on future growth opportunities in India\u2019s electrical and infrastructure sector.\u00a0As a result of these qualitative factors, Company has been awarded\u00a0contracts in Operation and Maintenance worth of \u20b9\u00a06436.70 Lakhs.<\/p>\n Chamunda Electrical cloaked a net profit of \u20b9\u00a0243.63\u00a0Lakhs\u00a0in the fiscal year 2024 as compared to a net profit of \u20b9\u00a031.21 lakhsin fiscal year 2023. Revenue from operations had increased by\u00a043.04%\u00a0from \u20b9\u00a01394.24\u00a0Lakhs\u00a0in FY 23 to \u20b9\u00a01994.93\u00a0Lakhs\u00a0in FY 24, primarily due to an increase in number of O&M services of sub-stations. Also, in the period ended December 31, 2024, Revenue from Operations was \u20b9 1829.02\u00a0Lakhs\u00a0and net profit of \u20b9\u00a0281.48\u00a0Lakhs\u00a0translating a PAT margin of 15.67%. This significant increase in net profit suggests that the company has become much more efficient in managing costs, improving profit margins and scaling its operations.<\/p>\n Company\u2019s financial efficiency and prudent management can be seen for\u00a0the period ended December 31,\u00a02024,\u00a0with a\u00a0Debt-Equity ratio\u00a0of\u00a00.27 with a Debt-Service Coverage ratio is 1.54\u00a0with a current ratio of\u00a01.81\u00a0and\u00a0RoE & RoCE\u00a033.52% and 30.62% respectively.<\/p>\n Issue Management<\/p>\n If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Mumbai (Maharashtra) [India], February 3: Palanpur-based\u00a0Chamunda Electrical\u00a0Limited\u00a0(\u201cThe Company\u201d) is in the business of\u00a0specialized services of operation and maintenance of substation up to 66 KV\u00a0(Kilovolt), testing and commissioning of electrical substation […]<\/p>\n","protected":false},"author":1,"featured_media":48722,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_rishi_post_view_count":201},"categories":[9],"tags":[674],"class_list":["post-48721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pressrelease","rishi-post"],"rishi__cb_customizer_meta":"","comments_count":"0","_links":{"self":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/48721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/comments?post=48721"}],"version-history":[{"count":0,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/posts\/48721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media\/48722"}],"wp:attachment":[{"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/media?parent=48721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/categories?post=48721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswiredelhi.com\/index.php\/wp-json\/wp\/v2\/tags?post=48721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}About the IPO<\/h4>\n
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