Chamunda Electricals IPO GMP Live, Open Date, Close Date, Price Band

Chamunda Electricals IPO open date is from February 4, 2025 to February 6, 2025. This new IPO is a book-built issue worth up to Rs 14.60 crores of equity shares. This upcoming IPO is offering entirely a fresh issue of up to 29.19 lakh equity shares, there is no offers for sale part included in this IPO. 

Chamunda Electricals IPO price band is Rs 47 – Rs 50 per share. As of now, Chamunda Electricals IPO live GMP is at 0, indicating neutral sentiment among investors for this IPO.

Chamunda Electricals IPO lot size is 3,000 shares, and the allotment status will be finalised on Friday, February 7, 2025. The minimum investment for retail investors is 1 lot, which is Rs 1,50,000. The registrar for Chamunda Electricals IPO is Kfin Technologies Limited. The listing date is Tuesday, February 11, 2025.

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Chamunda Electricals IPO GMP Live

Chamunda Electricals IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 50 per share. You can check the latest IPO Grey Market Premium today online.

If the subscription is oversubscribed, then Chamunda Electricals IPO GMP might rise in the coming days. Chamunda Electricals IPO GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 10% to 15% or above, then the possibility of the oversubscription increases.

However, if the Live IPO GMP quotes are below 10% premium, then most investors tend to lose interest in applying for the IPO and the probability of the under-subscription increases. Here, in the Chamunda Electricals IPO, GMP is expected to quote the initial ticks at a premium of 10% or above.

Chamunda Electricals IPO Price Band

Chamunda Electricals IPO price band is Rs 47 – Rs 50 per share. The minimum amount required for retail investors to participate in this IPO is Rs 1,50,000 (50 x 3,000 shares). However, for the HNI category, the minimum investment amount required is 3,00,000 (50 x 6000 shares).

Chamunda Electricals Allotment Status

Chamunda Electricals IPO Allotment status will be available on its registrar Kfin Technologies Limited website on Friday, February 7, 2025. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

Chamunda Electricals Listing Date

Chamunda Electricals IPO listing date has been decided on Tuesday, February 11, 2025. The Listing will be on the BSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Chamunda Electricals IPO: Listing Date, Lot Size, Issue Size, Price Band

Chamunda Electricals IPO: About the Company

Chamunda Electricals Limited, established in June 2013, is a dynamic company focused on the operation and maintenance of electrical substations up to 66 KV and the testing and commissioning of substations up to 220 KV.

Chamunda Electricals has a workforce of over 600 professionals, teams includes engineers and supervisors. The company is equipped to manage complex projects efficiently with proper utilisation of resources.

Chamunda Electricals has positioned itself as a key player in the electrical services sector, contributing to the growing demand for reliable power infrastructure. Chamunda Electricals also engages in solar power projects, aligning with sustainable energy initiatives.

Chamunda Electricals IPO Objectives

Chamunda Electricals IPO objectives include utilising the funding received from the fresh issue into various objectives, including to meet capital expenditure for purchase of New Testing Kit and Equipments, funding in to the working capital requirements of the company, repayment of term loans and cash credit, to meet general corporate purposes and further to meet general corporate purposes.

Chamunda Electricals IPO: Key Dates, Allotment, Listing Date

Chamunda Electricals IPO Subscription status, IPO Reservation

Chamunda Electricals IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved.

Chamunda Electricals IPO Lot Size Details

Chamunda Electricals IPO lot size is set at 3,000 shares per lot. The minimum amount required for retail investors to participate in this IPO is Rs 1,50,000 (50 x 3,000 shares). However, for the HNI category, the minimum investment amount required is Rs 3,00,000 (50 x 6000 shares).

Chamunda Electricals IPO Promoter Holdings

Chamunda Electricals IPO promoter are Mr. Chiragkumar Natvarlal Patel, Mr. Natvarbhai K Rathod and Mrs. Purnikaben C Patel. The promoter's combined shareholdings before the IPO was 97.46%; however, post-IPO, their shareholdings will decline.

Chamunda Electricals Limited Financials (Amt in Rs Cr)

Lead Manager and Registrar of Chamunda Electricals IPO

Chamunda Electricals PO lead manager is GYR Capital Advisors Private Limited. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

How to apply to the Chamunda Electricals IPO

Interested investors who want to apply to the Chamunda Electricals IPO can directly apply from the Bigul trading app, or you can apply on the Bigul website here. You can also check the details of other upcoming IPO on the Bigul platform.

Chamunda Electricals IPO FAQs

1. What are the core details available of the Chamunda Electricals IPO?

Chamunda Electricals IPO is a book-built issue worth up to Rs 14.60 crores. The price band for this IPO is Rs 47 – Rs 50 per share. This upcoming IPO is offering entirely a fresh issue of up to 29.19 lakh equity shares.

2. What is the Chamunda Electricals IPO open date and close date?

Chamunda Electricals IPO subscription opens on Tuesday, February 4, 2025, and closes on Thursday, February 6, 2025.

3. What is Chamunda Electricals IPO GMP Live?

Chamunda Electricals IPO GMP is at Rs 0. The IPO GMP today indicates the huge interest of retail investors. It is expected that the listing price can be the same as the allotment price, which is Rs 50 per share. You can check the latest IPO Grey Market Premium today online.

4. How do you check the IPO Allotment status?

Chamunda Electricals IPO Allotment status is available on its registrar, Kfin Technologies Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who are the registrar and lead managers of Chamunda Electricals IPO?

Chamunda Electricals IPO lead manager is GYR Capital Advisors Private Limited. The company has appointed Kfin Technologies Limited as the registrar for this public issue.

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• What is IPO GMP?
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• Difference between SME IPO and Mainline IPO?