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Chamunda Electricals IPO GMP: Unlisted shares of Chamunda Electricals Ltd are currently trading at Rs 77 apiece in the grey market, which is a 54 per cent premium over the upper IPO price of Rs 50.
Chamunda Electricals IPO Allotment Status.
Chamunda Electricals IPO Allotment Status: The Chamunda Electricals IPO allotment is set to take place today, February 7, probably in the evening. Once allotted, investors will start receiving bank debit messages. They can also check the allotment status on the websites of the BSE and NSE, as well as on registrar Kfin Technologies Ltd.
After the allotment is finalised, the IPO listing is scheduled to take place on February 11 on both BSE and NSE.
The NSE SME IPO, which was open between February 4 and February 6, received a whopping 737.97 times subscription, garnering bids for 1,42,57,62,000 shares as against 1,96,917 shares on offer.
Chamunda Electricals IPO: How To Check Allotment Status Online?
The Chamunda Electricals IPO allotment will take place on Friday, February 7, in the evening. The IPO allotment status can be checked online by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Chamunda Electricals Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
You can also visit directly on the registrar Kfin Technologies Ltd’s portal — https://rti.kfintech.com/ipostatus/ and check the Chamunda Electricals IPO allotment status.
Chamunda Electricals IPO GMP Today
According to market observers, unlisted shares of Chamunda Electricals Ltd are currently trading at Rs 77 apiece in the grey market, which is a 54 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.
On the final day of bidding, the Rs 14.60-crore NSE SME IPO received a 737.97 times subscription, garnering bids for 1,42,57,62,000 shares as against 1,96,917 shares on offer.
So far, the retail category has been subscribed by 554.13 times subscription, while the NII has got a 1,943.09 times subscription. The QIB category has been subscribed by 155.85 times.
The price band of the Chamunda Electricals IPO is set at Rs 47 to Rs 50 per share. The minimum lot size for an application is 3,000. The minimum amount of investment required by retail investors is Rs 1,50,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to Rs 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.