Chavda Infra Limited IPO
Chavda Infra Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹60–₹65 per share. The stock debuted at ₹91, delivering a listing gain of 40.0%. The IPO had a lot size of ₹2000 shares and a minimum investment of ₹1,30,000.
Chavda Infra Limited IPO
- IPO Dates
- Sep 12, 2023 – Sep 14, 2023
- Price band
- ₹60-65 per equity share
- Minimum Investment
- ₹1,30,000
- Issue size
- 6,656,000 shares(aggregating up to ₹43.26 Cr)
- Lot size
- 2000
- Allotment Date
- Sep 20, 2023
- Listing
- Sep 25, 2023
- Listing At
- NSE SME
IPO timeline
-
Sep 12, 2023
Open Date
Completed
-
Sep 14, 2023
Close Date
Completed
-
Sep 20, 2023
Allotment Date
Completed
-
Sep 25, 2023
Listing Date
Completed
Chavda Infra Limited IPO Essentials
Chavda Infra Limited IPO Details
Chavda Infra Limited IPO is priced at ₹60-65 per share with a total issue size of 6,656,000 shares(aggregating up to ₹43.26 Cr). The IPO has a lot size of 2000 shares and is listed on NSE SME.
- Issue price
- ₹60-65 per equity share
- Lot size
- 2000 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 6,656,000 shares(aggregating up to ₹43.26 Cr)
- Listing at
- NSE SME
- List price
- 91.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Beeline Capital Advisors Pvt Ltd
Chavda Infra Limited IPO Analytics
Chavda Infra Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Chavda Infra Limited IPO Subscription Status
Chavda Infra Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
- EPS (Post IPO)
- ₹6.69/-
- P/E Ratio
- 13.29
Returns
- RoNW
- 39.62%
Chavda Infra Limited Financials( In Lakhs)
| 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 |
Chavda Infra Limited Company & Offer Insights
About Chavda Infra Limited
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)
Mr. Mahesh Gunvantlal Chavda, Mrs. Dharmishtha Maheshkumar Chavda, Mr. Johil Maheshbhai Chavda are the company's promoters of Chavda Infra Limited.
Chavda Infra Limited IPO Issue Objectives
- •
- To Meet Working Capital Requirements
- •
- General corporate purposes
- •
- To meet Public Issue Expenses.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Chavda Infra Limited IPO is a book-built IPO worth ₹6,656,000 shares(aggregating up to ₹43.26 Cr). The price band is ₹60–₹65 per share. The IPO opens on Sep 12, 2023 and closes on Sep 14, 2023. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of Chavda Infra Limited IPO is ₹60 to ₹65 per share.
The lot size of Chavda Infra Limited IPO is 2000 shares.
The minimum investment for Chavda Infra Limited IPO is approximately ₹1,30,000 based on the upper price band .
Chavda Infra Limited IPO opens on Sep 12, 2023 and closes on Sep 14, 2023.
The allotment date of Chavda Infra Limited IPO is Sep 20, 2023.
Chavda Infra Limited IPO is expected to be listed on Sep 25, 2023, on NSE SME Platform.
Chavda Infra Limited IPO valuation snapshot: P/E 13.29, EPS ₹6.69/-, P/B N/A, RoNW 39.62%, and market cap N/A.
To apply for Chavda Infra Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Chavda Infra Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Chavda Infra Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Chavda Infra Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Chavda Infra Limited IPO allotment status on IPO Ji for quick and easy access.