Chamunda Electricals IPO sails through on Day 1: Check key dates, price band, GMP and other details

The company aims to raise approximately Rs 15 crore through this IPO, offering 29.19 lakh fresh equity shares. The issue is open for bidding until February 6. The proceeds will be used for capital expenditure, including acquiring new testing kits and equipment, strengthening working capital, repaying debt, and supporting general corporate purposes.