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Unlisted shares of Chamunda Electricals Ltd are currently trading at Rs 66 apiece in the grey market, which is a 32 per cent premium over the upper IPO price of Rs 50.
Chamunda Electricals IPO.
Chamunda Electricals IPO: The initial public offer of Chamunda Electricals Ltd, which will be closed on Thursday, has so far received a strong response from investors. Till 10:09 am on the final day of bidding, the Rs 14.60-crore NSE SME IPO received a 56.16 times subscription, garnering bids for 10,84,98,000 shares as against 19,32,000 shares on offer.
So far, the retail category has been subscribed by 81.77 times subscription, while the NII has got a 59.85 times subscription. The QIB category has been subscribed by 8.58 times.
The Chamunda Electricals IPO was opened on February 4. It received a 16.7 times subscription on the first day of bidding and a 46.09 times bidding on the second day of bidding.
Its share allotment will be finalised on February 7 and its listing will take place on the NSE SME platform on February 11.
Chamunda Electricals IPO GMP Today
According to market observers, unlisted shares of Chamunda Electricals Ltd are currently trading at Rs 66 apiece in the grey market, which is a 32.00 per cent premium over the upper IPO price of Rs 50. It indicates a strong listing gain for investors on February 11.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Chamunda Electricals IPO: More Details
The IPO is a book built issue of Rs 14.60 crore. The issue is entirely a fresh issue of 29.19 lakh shares.
The Chamunda Electricals IPO bidding started from February 4, 2025, and ended on February 6, 2025. The allotment for the Chamunda Electricals IPO is expected to be finalised on Friday, February 7, 2025. Chamunda Electricals IPO will list on the NSE SME with tentative listing date fixed as Tuesday, February 11, 2025.
Chamunda Electricals IPO price band is set at ₹47 to ₹50 per share. The minimum lot size for an application is 3000. The minimum amount of investment required by retail investors is ₹1,50,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹3,00,000.
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.The market maker for Chamunda Electricals IPO is Wiinance Financial Services Private Limited.
