Chamunda Electricals IPO Allotment Status: Check GMP Details, Steps to Verify

Chamunda Electricals IPO was open for bidding from February 4 to February 6, 2025. The basis of allotment will be finalised today, February 7, 2025, with a tentative listing at NSE SME on February 11. 

Step-by-Step Procedure to Check Chamunda Electricals IPO Allotment Status on NSE

Here’s how you can check Chamunda Electricals IPO Allotment Status on NSE. 

• Head to the NSE Application Status page. 
• Select “Equity & SME IPO bid details.”
• In the “select symbol,” select “CHAMUNDA.”
• Enter your PAN No. & Application No. 
• Click “Submit.”

IPO Details

The Chamunda Electricals IPO was opened on February 4, 2025, and bidding closed on February 6, 2025. The price band is set at ₹47 to ₹50 per share. The IPO will be listed on NSE SME on February 11, 2025. 

Use of Proceeds

The IPO proceeds will be used towards:

• Allocating funds for capital expenditure to acquire new testing kits and equipment.
• Meeting the company’s working capital needs.
• Repaying term loans and settling cash credit obligations.
• Covering general corporate expenses.
• Managing costs related to the issuance process.

Chamunda Electricals IPO - Overall Subscription Status

(February 6, 2025, end of the day)

The Chamunda Electricals IPO was subscribed 724.43 times. Of these, 

• Retail investors subscribed 651.16 times, 
• Non-institutional investors (NII) subscribed 1,943 times, 
• Qualified Institutional Buyers (QIBs) subscribed 155.86 times.

Chamunda Electricals IPO GMP (Grey Market Premium) Details

The GMP of Chamunda Electricals IPO was Rs 27 as of 7 Feb 2025, according to LiveMint. The expected listing gains are 54%, with an estimated listing price is ₹77. 

Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.

Chamunda Electricals Business Overview

Chamunda Electricals specializes in providing operation and maintenance services for substations up to 66 KV and testing and commissioning of electrical substations up to 220 KV. The company also operates a 1.5 MW solar power generation park.

The scope of work includes the 

• Installation of EHV-class equipment,
• Structural components, 
• Earthing systems, 
• Control cable works, and 
• Other associated tasks for substations up to 220 KV (D Class).

Disclaimer: Investing in SME IPOs involves a high degree of risk. Such investments may be suitable only for investors with a high-risk tolerance and the ability to bear potential losses. Perform thorough due diligence and consult a financial advisor before investing. Invest wisely and at your own discretion.