New Delhi, Feb. 4 -- The initial public offer (IPO of Chamunda Electricals kicked off for subscription on Tuesday, February 4. The issue witnessed a strong investor itself on day 1 of the bidding process, managing to sail through in nearly an hour of opening. In the grey market, the company's shares are witnessing a steady demand as well.

As of 12.50 pm on the first day of the book-building process, Chamunda Electricals IPO was subscribed 5.71 times, with the retail investor portion booked 10.31 times and the non-institutional investor (NII) portion subscribed 3 times. Meanwhile, the qualified institutional buyer (QIB) segment did not receive any bids yet.

Here are key details about the Chamunda Electricals IPO:

Chamunda Electricals IP...