IPO

Chavda Infra Limited IPO

NSE SME

Listed On: Sep 25, 2023 at ₹ 91.0

₹ 260000 /4000 Shares
*Min Investment

Check Allotment

12 Sep, 2023

Open Date

14 Sep, 2023

Close Date

20 Sep, 2023

Allotment Date

25 Sep, 2023

Listing Date
Chavda Infra Limited IPO Issue Details
  • Issue Price ₹60-65 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 6,656,000 shares(aggregating up to ₹43.26 Cr)
  • Listing at NSE SME
  • List Price 91.0
  • Listing Date 2023-09-25
  • Lead Manager Beeline Capital Advisors Pvt Ltd
  • Registrar Kfin Technologies Limited
Chavda Infra Limited IPO Details
  • Retail Portion 35%
Chavda Infra Limited IPO Documents
DRHP
RHP
Chavda Infra Limited IPO Details


Chavda Infra Limited IPO is an SME IPO, priced at ₹60-65 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 12, 2023 to Sep 14, 2023. The allotment is expected to be finalized on Sep 20, 2023, and the tentative listing date is Sep 25, 2023.


The registrar of the IPO is Kfin Technologies Limited, and

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Chavda Infra Limited IPO Subscription Analysis And Details
Retail
202.07x
Total
180.13x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,264,000 / 948,0002,212,0004,424,000
Day 1 12-09-23 06:00 PM
3.50 / 4.31 x9.26 x6.55 x
Day 2 13-09-23 06:00 PM
13.86 / 10.22 x30.69 x21.50 x
Day 3 14-09-23 06:00 PM
95.10 / 242.32 x202.07 x180.13 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
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets15,424.4010,880.798,668.11
Revenue16,203.3710,987.689,131.05
Profit After Tax1,204.62521.46443.84
About Chavda Infra Limited 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.

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Chavda Infra Limited - Promoter(s)

Mr. Mahesh Gunvantlal Chavda

Mrs. Dharmishtha Maheshkumar Chavda

Mr. Johil Maheshbhai Chavda

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73%

Chavda Infra Limited IPO - Issue Objectives
1

To Meet Working Capital Requirements

2

General corporate purposes

3

To meet Public Issue Expenses.