The initial public offer (IPO) of Chamunda Electricals opened for bidding on February 4 and closed on February 6, 2025. The IPO’s basis of allotment was finalised on February 7, 2025 as it is now all set to list at NSE SME on February 11, 2025. The firm raised Rs 14.60 crore through its initial public offer that was completely a fresh share sale of approximately 29,19,000 equity shares. It fixed its price band at Rs 47-Rs 50 per share. The SME IPO received an overwhelming response from investors as it was subscribed a bumper 737.97 times.
Non-Institutional Investors or NIIs subscribed a whopping 1943.09 times while the portion set aside for retail investors was subscribed 554.13 times. Meanwhile, the portion allocated for Qualified Institutional Bidders or QIBs was booked 155.85 times.
Latest GMP
The latest GMP or grey market premium of Chamunda Electricals is Rs 27 as per latest updates available. With the price band of Rs 50, the likely listing of the SME IPO is Rs 77 (cap price + latest GMP). The estimated percentage of gain or loss per share is reportedly 54%, according to Investorgain.com.
The IPO witnessed bids for 1,42,57,62,000 equity shares for the net issue of 19,32,000 equity shares worth Rs 7,128.81 crore. Approximately, 1.97 lakh applicants arrived for the issue out of which 1.78 lakh retail traders participated. Nearly 18,400 NIIs opted to bid for the issue.
Book Running Lead Managers
Chamunda Electricals IPO’s book running lead manager is GYR Capital Advisors Private Limited and Kfin technologies is the registrar. Its market maker is Wiinance Financial Services Private Limited. Promoters of Chamunda Electricals are Natvarbhai K Rathod, Purnikaben C Patel, and Chiragkumar Natvarlal Patel. It is totally a fresh issue of 29.19 lakh shares.
The company came into existence in 2013. Chamunda Electricals achieved specialisation in, maintenance, operation, testing, and commissioning of electrical substations up to 220 KV.
How To Check Allotment Status Online?
Investors who opted to bid for Chamunda Electrical IPO can track the allotment status by visiting the NSE website. Follow the steps given below:
- Go to the official page of National Stock Exchange (NSE) (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)
- Log in using your username and password
- Make sure the IPO bid details section is checked
- Choose Chamunda in “select symbol”
- Fill your PAN number and Application number
- Press submit button
Investors will also be able to track the allotment status by visiting the website of KFin Technologies Limited (https://kosmic.kfintech.com/ipostatus/), the registrar to the issue.
Disclaimer
The above content has been made for educational purposes only, and should be considered as investment advice from Moneydaily.in or the respective Author. Neither Moneydaily.in nor the Author will not be responsible for any losses as a result of decisions based on the above information. Moneydaily.in advises readers to do your own research or consult with a SEBI registered investment advisor before making any investment decisions.
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