The Chamunda Electricals IPO has garnered strong investor interest, with a subscription rate of 16x on the first day. The ₹14.6-crore IPO is open for subscription until February 6, 2025, with shares expected to be listed on the NSE SME platform on February 11, 2025.
Chamunda Electricals IPO Subscription Details
- IPO Open Date: February 4, 2025
- IPO Close Date: February 6, 2025
- Price Band: ₹47 – ₹50 per share
- Lot Size: Minimum 3,000 shares
- Total Issue Size: 29.19 lakh shares (₹14.6 crore)
- Market Maker: Wiinance Financial Services
The issue was fully subscribed within hours of opening, with the retail portion booked 24.99 times, while NIIs subscribed 7.7 times.
Chamunda Electricals IPO Allotment and Listing Date
- IPO Allotment Finalization: February 7, 2025
- Refund Initiation: February 10, 2025
- Shares Credited to Demat: February 10, 2025
- Listing Date: February 11, 2025
Investors can check their IPO allotment status on Kfin Technologies Ltd, the official registrar for the issue.
Chamunda Electricals Financial Performance
- Revenue (FY24): ₹19.94 crore (compared to ₹13.94 crore in FY23)
- Net Profit (FY24): ₹2.43 crore (compared to ₹31.21 lakh in FY23)
The company specializes in electrical substation operations, maintenance, testing, and commissioning. It has also completed solar power projects, including a 1.5 MW solar park in Banaskantha, Gujarat.
Chamunda Electricals IPO GMP (Grey Market Premium)
As per market reports, the Chamunda Electricals IPO GMP is ₹11 per share, indicating a 22% potential upside for investors.
How to Check Chamunda Electricals IPO Allotment Status?
Investors can check their IPO allotment status on:
- BSE IPO Allotment Page (www.bseindia.com)
- Kfin Technologies Registrar Portal
- NSE SME Platform
Conclusion
The Chamunda Electricals IPO has seen overwhelming demand, particularly from retail investors. With a strong financial track record, this IPO presents an interesting investment opportunity. Investors should stay updated on IPO allotment status and listing details for potential gains.