Chavda Infra Limited IPO

NSE SME

Listed On: Sep 25, 2023 at ₹ 91.0

₹ 130000 /2000 Shares

Check Allotment

Chavda Infra Limited IPO Details

12 Sep, 2023

Open Date

14 Sep, 2023

Close Date

20 Sep, 2023

Allotment Date

25 Sep, 2023

Listing Date

Issue Price

₹60-65 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Kfin Technologies Limited

List Price

91.0

Listing Date

2023-09-25

Market Lot

2000 Shares (₹130,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

6,656,000 shares(aggregating up to ₹43.26 Cr)

Retail Portion

35%

Subscription

180.13 times

IPO Docs

DRHP RHP

Chavda Infra Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,264,000 / 948,000	2,212,000	4,424,000
Day 1 - 12-09-23 06:00 PM	3.50 / 4.31 x	9.26 x	6.55 x
Day 2 - 13-09-23 06:00 PM	13.86 / 10.22 x	30.69 x	21.50 x
Day 3 - 14-09-23 06:00 PM	95.10 / 242.32 x	202.07 x	180.13 x

Chavda Infra Limited Valuations

Earnings Per Share (EPS)

₹6.69/-

P/E Ratio

13.29

RoNW

39.62%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Chavda Infra Limited Company Financials All values are in ₹ Lakh

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	15,424.40	10,880.79	8,668.11
Revenue	16,203.37	10,987.68	9,131.05
Profit After Tax	1,204.62	521.46	443.84

About The Company

Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat.

Chavda Infra is a part of the Chavda group, which consists of 3 businesses, Chavda Infra, Chavda RMC, and Chavda Developers, providing services in Ahmedabad, Gandhinagar, and Rajkot. The company has delivered more than 100 completed projects worth ₹ 67,099.45 Lakhs in Residential Properties, Commercial Properties, Institutional Infrastructures, etc. The company provides services ranging from planning and design to construction and post-construction activities.

Chavda Infra has three business verticals: Contracting Services, Development Services, and Commercial Renting Services.

The company has constructed some of the well-known buildings in Ahmedabad namely Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony, being residential projects. AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect, being commercial projects. AIS Toddler's Den, Nirma University (old Building), and Zydus School & Excellence, being institutional projects. As of May 31, 2023, the company has 26 ongoing projects worth approximately ₹ 60,139 lakhs. Out of 26 ongoing projects 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.

Chavda Infra is ISO 9001:2015 certified for quality management systems by BCQ Assessment Private Limited. The quality certification is for the construction of commercial, residential, and institutional buildings.

The company has more than 250 employees and recorded revenue from operations of Rs. 16,188.57 Lacs for the year ended on March 31, 2023.

Chavda Infra Limited - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 73%

Company Promoter(s)

Mr. Mahesh Gunvantlal Chavda
Mrs. Dharmishtha Maheshkumar Chavda
Mr. Johil Maheshbhai Chavda

Chavda Infra Limited IPO - Issue Objectives

To Meet Working Capital Requirements
General corporate purposes
To meet Public Issue Expenses.

Chavda Infra Limited IPO - FAQs

Ans. Chavda Infra Limited IPO is a SME IPO. The issue is priced at ₹60-65 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 12, 2023, and closes on Sep 14, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Chavda Infra Limited IPO opens on Sep 12, 2023 and closes on Sep 14, 2023.

Ans. The size of Chavda Infra Limited IPO is 6,656,000 shares(aggregating up to ₹43.26 Cr).

Ans. The IPO price band is set between ₹60-65 per equity share.

Ans. To apply for Chavda Infra Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Chavda Infra Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Chavda Infra Limited IPO is Sep 20, 2023.

Ans. The Chavda Infra Limited IPO will be listed on Sep 25, 2023.

Ans. Follow the steps to check the allotment status for Chavda Infra Limited IPO here.