Kolkata: Chamunda Electricals IPO is a book built issue of Rs 14.60 crores. The issue is entirely a fresh issue of 29.19 lakh shares. Chamunda Electricals IPO, an SME issue, will open for subscription on February 4, 2025 and closes on February 6, 2025. The allotment for the Chamunda Electricals IPO is expected to be finalised on Friday, February 7, 2025. Chamunda Electricals IPO GMP stood at Rs 11 on February 3, which indicated a listing gain of 22%. The date of allotment of shares is February 7. The shares will list on NSE SME segment with the listing date tentatively fixed on February 11, 2025.
Chamunda Electricals is a Palanpur-bsed company (in Gujarat). It offers specialised services for operations and maintenance of electrical substations of up to 66 KV and testing/commissioning of substations up to 220 KV. The company also has a solar power generation park in Gujarat of capacity of 1.5 MW capacity. The firm has signed a 25-year purchase power agreement with Uttar Gujarat Vij Company.
Chamunda Electricals IPO GMP, price band, lot size
According to investorgain, Chamunda Electricals IPO GMP stood at Rs 11 on February 4. It has stood at that level for the past few days. Considering the upper end of the price band of Rs 50, this GMP indicates a listing gain of 22%. The price band of Chamunda Electricals IPO is Rs 47-50. The minimum investible lot for an application consists of 3,000 shares, for which a retail investor has to put in an application amount of Rs 1.5 lakh. For the HNI segment, the minimum application amount is Rs 3 lakh since he/she has to apply for 6,000 shares.
Chamunda Electricals IPO allotment date, refund date
The issue opens on February 4 and bidding ends on February 6. The allotment of shares will be decided on February 7. The refund of application money too unsuccessful applicants will begin on February 10, the same day when shares will be credited to the demat accounts of successful applicants. GYR Capital Advisors Private Limited is the book running lead manager of the Chamunda Electricals IPO, while Kfin Technologies Limited is the registrar for the issue.
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Chamunda Electricals IPO is a book-built issue that is designed to raise Rs 14.60 crores and entirely consists of fresh issue of 29.19 lakh shares. Each share of Chamunda Electricals has a price band of Rs 47-50. The GMP of Chamunda Electricals IPO stood at Rs 11 for the past few days consistently which indicated a listing gain of 22%. The price band of Chamunda Electricals IPO is Rs 47-50. Bidding for the issue opens on February 4 and the date of allotment of shares is February 7. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
