The company's shares are scheduled to be listed on the NSE SME platform, Emerge, with a projected listing date of February 11. The IPO consists entirely of a fresh issue of 29.19 lakh equity shares, which, at the upper price band, is expected to raise ₹14.6 crore.
Investors can place bids for a minimum of 3,000 shares and in multiples thereafter. The funds raised will be allocated towards capital expenditure for acquiring new testing kits and equipment, working capital requirements, debt repayment, IPO-related expenses, and other general corporate purposes.
Established in June 2013, Chamunda Electricals Ltd specializes in the operation and maintenance of substations up to 66 KV, testing and commissioning of substations up to 220 KV, and 1.5 MW solar power generation.
GYR Capital Advisors is the sole book-running lead manager for the IPO, while KFin Technologies will serve as the registrar.
Last updated by a enewsx:
