Chamunda Electricals IPO is a book-built issue valued at Rs 14.60 crores, consisting entirely of a fresh issue of 29.19 lakh shares.
The subscription for the Chamunda Electricals IPO will open on February 4, 2025, and close on February 6, 2025. The allotment process is expected to be finalized on Friday, February 7, 2025. The IPO is set to be listed on the NSE SME, with a tentative listing date scheduled for Tuesday, February 11, 2025.
Chamunda Electricals operates in the power transmission and distribution sector. Their core business activities include the operation, maintenance, testing, and commissioning of electrical substations, solar power generation, and the erection and commissioning of Extra High Voltage (EHV) class equipment.
The price band for the Chamunda Electricals IPO is fixed between ₹47 and ₹50 per share. Investors must apply for a minimum lot size of 3,000 shares. Retail investors are required to invest a minimum of ₹1,50,000, while high-net-worth individuals (HNI) must apply for at least 2 lots (6,000 shares), amounting to ₹3,00,000.
GYR Capital Advisors Private Limited is the book-running lead manager for the Chamunda Electricals IPO, with Kfin Technologies Limited serving as the registrar for the issue. The market-making responsibilities will be handled by Wiinance Financial Services Private Limited.
Chamunda Electricals IPO Details:
| Company Name | Chamunda Electricals Limited |
| Sector | Power Transmission and Distribution |
| IPO Type | SME |
| IPO Open date | 04th Feb 2025 |
| IPO Close date | 06th Feb 2025 |
| Listing Exchanges | NSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Chamunda Electricals IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,50,000 |
| HNI (Min) | 2 | 6000 | 3,00,000 |
Chamunda Electricals IPO Timeline:
| IPO Open Date | 04th Feb 2025 |
| IPO Close Date | 06th Feb 2025 |
| Basis of Allotment | 07th Feb 2025 |
| Refund Initiation Date | 10th Feb 2025 |
| Shares Credit to Demat | 10th Feb 2025 |
| Listing Date | 11th Feb 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Chamunda Electricals’ Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Power Transmission and Distribution Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Chamunda Electricals and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
