New Delhi, Feb. 11 -- Chamunda Electricals IPO listing: Chamunda Electricals shares made a strong debut on Tuesday, February 11, listing at Rs.70 on NSE SME, a premium of 40 percent over the issue price of Rs.50.

Chamunda Electricals' initial public offering (IPO), valued at Rs.14.60 crore, was open for subscription from February 4 to February 6. The SME IPO price was fixed at Rs.50 per equity share.

Following the three days of bidding, Chamunda Electricals IPO closed with overwhelming demand, garnering 737.97 times bids. The IPO received bids for 142.57 crore shares against 19.32 lakh shares on offer. The retail investor segment was booked 554.13 times, while the non-institutional investors (NII) category was subscribed 1,943.09 times....