Mumbai, Feb. 11 -- The scrip was listed at 70, at a premium of 40% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 71 and a low of Rs 66.50. About 11.73 lakh shares of the company changed hands at the counter.

Chamunda Electrical's IPO was subscribed 679.98 times. The issue opened for bidding on 4 February 2025 and it closed on 6 February 2025. The price band of the IPO was set at Rs 47 to Rs 50 per share.

The IPO comprised fresh issue of 20,97,000 equity shares. The company intends to utilize the net proceeds to meet out the capital expenditures for the purchase of new testing kits and equipment, funding the working capital...