Chamunda Electricals IPO GMP Soars Ahead Of Allotment Today: How To Check Status?
• Investors who bid for the Chamunda Electricals public issue can check the allotment status on NSE and KFin Technologies. • Also find here the latest grey market premium ahead of listing next week.
Chamunda Electricals IPO Allotment: The initial public offering of Chamunda Electricals received a tremendous response from investors as the issue was booked over 700 times on Thursday. The demand for the IPO was led by non-institutional investors who bid for 80,44,41,000 shares against the 4,14,000 offered to them. Retail investors weren't far behind and bid for 53,52,93,000 shares against the 9,66,000 offered.
The IPO of Chamunda Electricals was subscribed 737.97 times on Thursday.
Qualified Institutions: 155.85 times
Non-Institutional Buyers: 1943.09 times
Retail Investors: 554.13 times
With the allotment of Chamunda Electricals IPO expected today, here are the steps to verify the status on the web portals of NSE and KFin Technologies.
How To Check Chamunda Electricals IPO Allotment Status On KFinTech
Log on to the official website of Kfin Technologies here.
Select any one of the five server links displayed on the screen.
Select 'Chamunda Electricals Limited' from the list of companies.
Enter your Application Number, Demat account number or PAN.
Enter details based on your selection.
Clear Captcha to proceed.
Click Submit to check the allotment status.
How To Check Chamunda Electricals IPO Allotment Status On NSE
Log on to the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the symbol as 'CHAMUNDA' from the list of companies.
Enter your Application Number and PAN details.
Click Submit to check the allotment status.
Chamunda Electricals IPO Latest GMP
The latest grey market premium (GMP) for Chamunda Electricals IPO is Rs 27, recorded at 10:30 a.m. on Feb. 7. Considering today's GMP and issue price, shares of Chamunda Electricals are expected to list on NSE SME at Rs 77, up 54% over IPO price - as per InvestorGain.com.
The unlisted shares of Chamunda Electricals were trading as low as Rs 61 when the issue opened for subscription before climbing to Rs 77 at the end of day 3 on back of sustained demand from various investor categories. Going by the GMP trends, investors can look forward to a strong listing when the shares hit the market next week.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Chamunda Electricals IPO: All You Need To Know
Total Issue Size: Rs 14.6 crore
Shares on offer: 29,19,000 shares
Price Band: Rs 47 to Rs 50 per share
IPO Allotment Date: Feb. 7
Refund Initiation: Feb. 10
Credit of shares: Feb. 10
Listing Date: Feb. 11
Investors who have successfully allotted the shares of Chamunda Electricals can expect the credit in their Demat account by Monday, Feb. 10. Shares of Chamunda Electricals IPO are expected to be listed on NSE SME Platform, Emerge on Tuesday, Feb. 12.
