Bhaskar Exclusive: Come on an IPO... The company is running in 5 shops, the owner is 75 years old, demanded 14 crores from the market, got Rs 7100 crores

The company's IPO, which operates in just five shops in Palanpur town of north Gujarat, has jumped 738 times. Chamunda Electricals Ltd had expected to raise Rs 14 crore from the market through the IPO. However, the IPO has been overflowing manifold, now not Rs 14 crore but Rs 7100 crore has been received from the market. The founder of this company is N.K. Rathod. At present, 75-year-old N.K. Rathod is a former officer of Jetco Company. After retiring from the company in 2008, he founded Chamunda Electricals in 2013. GEB's long tenure experience was a big capital of his own company. Chamunda Electricals Limited currently has 800 employees. Nk Rathod has two sons, one of whom is associated with his company in Palanpur while the other son serves as a town planner. Started a career after retirement: Know how the company was formed In Palanpur, the administrative staff, including the owner of the company, sits in 5 shops. The company's founder N. Or. "I worked with GEB till 2008. In 2013, five years after his retirement, he started Chamunda Electrical Private Limited. The main objective was to put the experience I have to work in this company. He then started the maintenance operation of jetco's sub-station from Palanpur to Selvas. Now preparations are underway to build the second largest lab. "At present, a 4 MW solar plant is operational and preparations have been made for another 10 MW solar plant. There is still a lot more to be done in electricity. With this, the work of building the second largest lab in Gujarat is going on. We needed only Rs 14.60 crore, against which Rs 7,100 crore has come, which shows people's love and faith in the company.