
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
Overall Subscription
738.06x
Total Demand
QIB Multiplier
155.85x
Institutions & Funds
NII / HNI
1943.49x
High Net-Worth
Retail (RII)
554.13x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 552,000 | 86,028,000 | 155.85x |
| NIB | 414,000 | 804,606,000 | 1943.49x |
| RETAIL | 966,000 | 535,293,000 | 554.13x |
| Total | 1,932,000 | 1,425,927,000 | 738.06x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 97 | 0.00x |
| NIB | — | 18,389 | 0.00x |
| RETAIL | — | 178,431 | 0.00x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
The latest Grey Market Premium (GMP) for Chamunda Electrical Limited IPO is ₹20 per equity share. Based on the upper price band of ₹47 to ₹50 per equity share, the estimated listing price is ₹70 (+40.0% expected listing gain).
With a lot size of 3000 shares and current GMP of ₹20, the expected profit per application lot is approx ₹60,000 (+40.0% gain). Minimum application cost is approx ₹1,50,000.
The Chamunda Electrical Limited IPO aggregate issue size is ₹14.6 Crores with an equity price band set at ₹47 to ₹50 per equity share. The retail lot size is 3000 shares requiring a minimum capital outlay of approx. ₹1,50,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 738.06x (Retail: 554.13x, QIB: 155.85x, NII: 1943.49x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2025-02-07. Investors can verify status using PAN card or application number.
Chamunda Electrical Limited shares are scheduled to list on NSE on 2025-02-11.