Chamunda Electricals Limited IPO GMP

Chamunda Electricals are engaged in the business of providing specialized services of testing and commissioning of electrical substation up to 220 KV (kilovolt) and solar power generation park of 1.5 MW (MegaWatts) capacity, operation and maintenance of substation up to 66 KV (kilovolt) and within our scope, it includes erection of EHV class equipments, structures and equipments, earthing, control cable works and other associated works for substations up to 220 KV (D Class). 

Chamunda Electricals, an Book Built Issue amounting to ₹ 14.60 Crores, consisting entirely an fresh issue of 29.19 Lakh Shares. The subscription period for the Chamunda Electricals IPO opens on February 4, 2025, and closes on February 6, 2025. The allotment is expected to be finalized on or about Friday, February 7, 2025, and the shares will be listed on the NSE SME with a tentative listing date set on or about Tuesday, February 11, 2025.

The Share price band of Chamunda Electricals IPO is set at ₹ 47 to ₹ 50 per equity share. The Market Capitalisation of the Chamunda Electricals Limited at IPO price of ₹ 50 per equity share will be ₹ 55.02 Crores. The lot size of the IPO is 3,000 shares. Retail investors are required to invest a minimum of ₹ 1,50,000, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (6,000 shares), amounting to ₹ 3,00,000.

GYRCAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager of the Chamunda Electricals IPO, while KFin Technologies Limited is the registrar for the issue. Wiinance Financial Services Private Limited is the Market Maker for Chamunda Electricals IPO.

Chamunda Electricals Limited IPO GMP Today
The Grey Market Premium of Chamunda Electricals Limited IPO is expected to be ₹ 8 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Chamunda Electricals Limited Day Wise IPO GMP Trend

Chamunda Electricals Limited IPO Live Subscription Status Today: Real-Time Update
As of 12:30 PM on 04 February, 2025, the Chamunda Electricals  IPO live subscription status shows that the IPO subscribed 5.97 times on its First day of subscription period. Check the Chamunda Electricals  IPO Live Subscription Status Today at NSE.

Chamunda Electricals IPO Anchor Investors Report
Chamunda Electricals has raised ₹ 4.11 Crores from Anchor Investors at a price of ₹ 50 per shares in consultation of the Book Running Lead Managers. The company allocated 8,22,000 equity shares to the Anchor Investors. Check Full List of Chamunda Electricals Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion.

Chamunda Electricals Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Chamunda Electricals IPO allotment date is 07 February, 2025, Friday. Chamunda Electricals IPO Allotment will be out on 07 February, 2025 and will be live on Registrar Website from the allotment date. Check Chamunda Electricals IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Chamunda Electricals Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Chamunda Electricals Limited IPO
Chamunda Electricals proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 120.51 Lakhs is required to meet out the Capital Expenditure for Purchase of New Testing Kit and Equipment’s;
2. ₹ 550.00 Lakhs is required for Funding the working capital requirements of the company;
3. ₹ 285.07 Lakhs is required for Repayment of Term Loans and Cash Credit;
4. To meet out the General Corporate Purposes; and
5. To meet out the Issue Expenses.

Refer to Chamunda Electricals Limited RHP for more details about the Company.