Chavda Infra IPO is scheduled to hit the market on September 12, 2023 and close on September 14, 2023. Chavda Infra plans to raise around ₹43.26 Cr through an IPO with a sale of up to 6,656,000 equity shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Established in 2012, Chavda Infra Limited is a leading construction company in Gujarat. It's part of the Chavda Group and has completed over 100 projects, ranging from residential to commercial and institutional properties, valued at ₹67,099.45 Lakhs.
With three core business segments, they manage 26 ongoing projects worth approximately ₹60,139 lakhs as of May 2023. Chavda Infra is ISO 9001:2015 certified and recorded a revenue of Rs. 16,188.57 Lacs for the year ending March 31, 2023, with a dedicated team of over 250 employees.
Chavda Infra IPO Details
Chavda Infra IPO opens on Sept 12, 2023, and closes on Sep 14, 2023. The Listing date for Chavda Infra IPO is on Sep 25, 2023. The price band for IPO is ₹60 to ₹65 per share and lot size of 2000 shares.
| IPO Date | Sept 12, 2023 to Sept 14, 2023 |
| Listing Date | Sept 25, 2023 |
| Price | ₹60 to ₹65 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹43.26 Cr |
| Face Value | ₹10 per share |
Chavda Infra IPO Tentative Timetable
Chavda Infra opening date is September 12, 2023 and close date is September 14, 2023. The IPO allotment date is September 20, 2023. The refund initiation of IPO is on September 21, 2023. The credit of shares in demat account is on September 22, 2023. The listing date is on September 25, 2023.
| Event | Date |
|---|---|
| IPO Opening | Sept 12, 2023 |
| IPO Closing | Sept 14, 2023 |
| IPO Allotment Date | Sept 20, 2023 |
| Refund Initiation | Sept 21, 2023 |
| Shares Credit to Demat | Sept 22, 2023 |
| Lisiting Date | Sept 25, 2023 |
Chavda Infra IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 2000 lots (2000 shares or ₹130,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹130,000 |
| Retail(Maximum) | 1 | 2000 | ₹130,000 |
| HNI (Minimum) | 2 | 4000 | ₹260,000 |
| … |
Chavda Infra IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73% |
Chavda Infra IPO Review
Chavda Infra is part of the Chavda group, which comprises three businesses: Chavda Infra, Chavda RMC, and Chavda Developers. These businesses provide services in Ahmedabad, Gandhinagar, and Rajkot. The company boasts a track record of over 100 completed projects worth ₹67,099.45 lakhs, spanning residential, commercial, and institutional infrastructures.
Chavda Infra offers a wide range of services, including project planning, design, construction, and post-construction activities. The company's portfolio comprises three main business verticals: Contracting Services, Development Services, and Commercial Renting Services. The company has a presence in some well-known buildings in Ahmedabad, including both residential and commercial projects. As of May 31, 2023, Chavda Infra had 26 ongoing projects valued at approximately ₹60,139 lakhs. These projects include a mix of commercial, institutional, and residential developments.
Chavda Infra holds ISO 9001:2015 certification for quality management systems related to the construction of commercial, residential, and institutional buildings. As of March 31, 2023, Chavda Infra Limited reported total assets of ₹15,424.40 lakhs. The company's revenue for the fiscal year 2022-23 was ₹16,203.37 lakhs. The net profit for the same fiscal year amounted to ₹1,204.62 lakhs.
Chavda Infra IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Chavda Infra IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Chavda Infra IPO FAQs
What is Chavda Infra IPO?
Chavda Infra is issuing 6,656,000 equity shares with a face value of ₹10 each, totaling up to ₹43.26 Cr. The shares are being offered at a price of ₹60 to ₹65 each, with a minimum order quantity of 2000 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Chavda Infra IPO will open?
Chavda Infra will open on September 12, 2023 for QIB, NII, and Retail Investors.
When Chavda Infra IPO will end?
Chavda Infra will end on September 14, 2023.
What is Chavda Infra IPO Size?
Chavda Infra IPO size is 43.26 Cr.
What is Chavda Infra IPO Price Band?
Chavda Infra price band is ₹60 to ₹65.
What is the Chavda Infra IPO Allotment Date?
Chavda Infra allotment date is 20 September 2023.
What is the Chavda Infra IPO Listing Date?
Chavda Infra listing date is 25 September 2023. The IPO is to be listed on BSE and NSE.
How to Apply Chavda Infra IPO through Zerodha?
To apply for the IPO “Chavda Infra” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Chavda Infra IPO through Upstox?
To apply for the IPO “Chavda Infra” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Chavda Infra IPO Allotment Status?
For Chavda Infra IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Chavda Infra IPO GMP?
You can check out here: Chavda Infra IPO GMP