Chamunda Electrical Ltd - IPO

Chamunda Electrical Ltd IPO Details

Initial public offer of upto 29,19,000 equity shares of face value of Rs.10/- each (equity shares) of Chamunda Electrical Limited (the Company or cel or issuer) at an issue price of Rs. 50 per equity share (including a share premium of Rs. 40 per equity share) for cash, aggregating up to Rs. 14.60 crores (public issue) out of which 1,65,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating Rs. 0.83 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion). the public issue less market maker reservation portion i.e. issue of 27,54,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 50 per equity share for cash, aggregating up to Rs. 13.77 crores is hereinafter referred to as the net issue. The public issue and net issuewill constitute 26.53% and 25.03% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 50 per equity share of face value of Rs. 10 each.The Floor price is 5 times the face value of the equity shares respectively.Bids can be made for a minimum of 3000 equity shares and in multiple of 3000 equity shares thereafter.

Objective of issue

Capital expenditure (Purchase of New Testing Kit and Equipment's). Working Capital. Repayment of term loans and cash credit. General corporate purposes.

Chamunda Electrical Ltd Contact Details

Chamunda Electrical Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - info@chamundaconst.com

Website - https:, www.chamundaconst.com