
Capital Goods / Electrical Equipment · NSE
Chamunda Electricals Limited, incorporated in June 2013, specializes in the operation, maintenance, testing, and commissioning of electrical substations up to 220 KV and operates 1.5 MW solar power generation projects. The company provides expertise in erecting EHV class equipment, structures, earthing, and control cable works for D Class substations and is also engaged in developing solar power generation parks. With a workforce of over 600 engineers, supervisors, and supporting staff, Chamunda Electricals efficiently executes complex electrical projects, covering substation operations, solar infrastructure development, and installation and commissioning of electrical equipment up to 220 KV.
Price Band
₹47 – ₹50
Issue Size
₹14.60 Cr
Lot Size
3000 shares
GMP
+40.0%
Est. Listing
₹70
at current GMP
Subscribed
738.06x
overall
Open
4 Feb 2025
Close
6 Feb 2025
Allotment
7 Feb 2025
Refund
8 Feb 2025
Demat Credit
9 Feb 2025
Listing
11 Feb 2025
Designated Registrar: Kfin Technologies Limited
Allotment Date
7 Feb 2025
Basis finalization
Refunds Initiate
8 Feb 2025
Mandate release
Demat Credit
9 Feb 2025
Shares in demat
Listing Debut
11 Feb 2025
Trading begins
Chamunda Electrical Limited is bringing an initial public offering (IPO) in the Capital Goods / Electrical Equipment sector with an aggregate issue size of ₹14.6 Crores. The shares are offered at a price band of ₹47 to ₹50 per equity share on NSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,50,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-02-09, while un-allotted funds or UPI block mandates will be released on 2025-02-08.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.