₹ 150000
₹47- ₹50
3000
₹69
40
6 Feb 2025
Download10 Feb 2025
11 Feb 2025
Application Details
The Chamunda Electricals Limited IPO is scheduled to open on February 4, 2025, and will close on February 6, 2025. It is a book-built issue with a total size of 29,19,000 shares, aggregating up to ₹14.60 crore, entirely comprising a fresh issue. The price band for the IPO is set between ₹47 to ₹50 per share, with a face value of ₹10 per share.
Investors can apply for a minimum lot size of 3,000 shares, amounting to ₹1,50,000 for retail investors, which is also the maximum limit for them. For High Net-Worth Individuals (HNIs), the minimum application is for two lots, or 6,000 shares, totalling ₹3,00,000.
The basis of allotment will be finalized on February 7, 2025, with refunds initiated on February 10, 2025, the same day shares will be credited to demat accounts. Chamunda Electricals is expected to be listed on the NSE SME platform on February 11, 2025.
About Chamunda Electricals Limited (SME IPO)
Chamunda Electricals Limited, founded in June 2013, specializes in operating and maintaining substations up to 66 KV and testing and commissioning for substations up to 220 KV. The company is also involved in 1.5 MW solar power generation. Its range of services includes the erection of EHV class equipment, structures, earthing, control cable works, and other associated tasks for substations up to 220 KV (D Class).
With a team of over 600 engineers, supervisors, and support staff, Chamunda Electricals is well-equipped to manage complex projects with high precision. The company's business operations are primarily divided into three categories: operation, maintenance, testing, and commissioning of electrical substations; setting up solar power generation parks; and the installation and commissioning of electrical equipment designed to operate at voltages up to 220 kV.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.