How to invest in upcoming Chamunda Electricals Ltd. IPO?

Author: Libord Brokerage Pvt. Ltd Posted on 30 Jan 2025 10:21:27Comments0

Category : ipo news

Chamunda Electricals Ltd. IPO Details:

Chamunda Electricals Ltd. has announced public offering of 2919000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 40.00 per share. The gross proceeds of the issue are expected to be Rs 1,459.50 lakhs.

The company's initial public offer (IPO) will open on 04 February 2025 and is expected to close on 06 February 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 47.00-50.00 per share.

The IPO includes a fresh Issue of 2919000 Equity Shares of the Company at an price of Rs 50.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Chamunda Electricals Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & KFin Technologies Ltd. is the registrar, to the issue.

If the Chamunda Electricals Ltd. is something that you’re looking to invest in come 04 February 2025, it would be a good idea to start the demat account opening process right away.

Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.

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How to invest in upcoming Chamunda Electricals Ltd. IPO?