Chavda Infra Limited

Offer PeriodSep 12, 2023 – Sep 14, 2023

Sep 12, 2023 – Sep 14, 2023

NSE - SMEListed

Listed Price:

₹91.00

(+40.00%)

Price Band₹60 - ₹65

Lot Size2,000 Shares

Allotment DateSep 20, 2023

Listing DateSep 25, 2023

Subscription180.13 Times

Issue Size₹43.26 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹60
(92.31%)

Premium (ELP)

Chavda Infra Limited's successfully completed its Initial Public Offering and commenced trading on Sep 25, 2023 at the NSE exchange. The company raised 66,56,000 Shares through this public offering, comprising 66,56,000 Shares in fresh capital.

The IPO was priced within the band of ₹60 to ₹65, with minimum application lots of 2000 shares. The offering attracted significant investor interest during its subscription period from Sep 12, 2023 to Sep 14, 2023.

Share allotment was finalized on Sep 20, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Chavda Infra IPO Details

IPO Date

Sep 12, 2023 to Sep 14, 2023

Allotment Date

Sep 20, 2023

List Date

Sep 25, 2023

Lot Size

2,000 share

Issue Price

₹60 - ₹65

Issue Size

66,56,000 (aggregating up to 43.26 Cr)

Fresh Issue

66,56,000 (aggregating up to 43.26 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

1,80,00,000

Share Holding Post-Issue

2,46,56,000

Market Marker Portion

3,36,000

First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.

Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	2000	1,30,000
HNI	2	4000	2,60,000

IPO Reservation

Shares66,56,000

QIB

47.48%(31,60,000)

NII (HNI)

14.24%(9,48,000)

RETAIL

33.23%(22,12,000)

Market Maker

5.05%(3,36,000)

Total

100.00%(66,56,000)

Chavda Infra IPO Key Performance Indicators

Learn About IPO KPIs →

KPI	Values

KPI	Values
EPS	6.69
ROE	49.41
ROCE	43.62
RONW	39.62
PRE IPO(PE)	9.72
POST IPO(PE)	13.29

Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).

Company Financials (in Lakhs)

Period Ended	Mar 2021	Mar 2022	Mar 2023

Period Ended	Mar 2021	Mar 2022	Mar 2023
Assets	8,668.11	10,880.79	15,424.40
Revenue	9,131.05	10,987.68	16,203.37
Net Worth	1,314.28	1,835.74	3,040.36
profit After Tax	443.84	521.46	1,204.62
Reserves And Surpluse	1,164.28	1,685.74	1,240.36
Total Borrowing	3,330.32	4,993.14	5,328.95

Chavda Infra IPO About Company

Chavda Infra Limited, incorporated in 2012, provides construction and allied services for residential, commercial, and institutional projects in Gujarat. Part of the Chavda Group, which includes Chavda RMC and Chavda Developers, the company has delivered over 100 projects worth ₹67,099.45 Lakhs. Its three verticals—Contracting Services, Development Services, and Commercial Renting Services—cover planning, design, construction, and post-construction activities. Notable projects include Straft Laxuria, Shivalik Parkview, AAA Corporate House, and Nirma University buildings. ISO 9001:2015 certified, Chavda Infra employs over 250 people and recorded ₹16,188.57 Lacs in revenue for FY2023, with 26 ongoing projects worth ₹60,139 Lakhs.

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

✅Chavda Infra IPO Strength Factors

⚠️Chavda Infra IPO Risk Factors

🏦Chavda Infra IPO Lead Manager(s)

Beeline Capital Advisors Private Limited

👤Chavda Infra IPO Promoter(s)

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

🏢Chavda Infra IPO Company Details

Chavda Infra Limited

Email:compliance@chavdainfra.com

Phone:079 4892 6087

Website:https://www.chavdainfra.com/

address:304 to 307, 406, 407 B Square I, Near Neptune House, IsconAmbali BRTS Road, Ahmedabad- 380058

📋Chavda Infra IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:chavdainfra.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Chavda Infra IPO FAQs

Chavda Infra IPO is a main-board IPO of 66,56,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹60 - ₹65 per share. The minimum order quantity is .The IPO opens on Sep 12, 2023, and closes on Sep 14, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Chavda Infra IPO using UPI as a payment gateway. Zerodha customers can apply in Chavda Infra IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Chavda Infra IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Chavda Infra IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

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

You can apply in Chavda Infra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Chavda Infra IPO will be done on Sep 20, 2023, and the allotted shares will be credited to your demat account by Sep 20, 2023

Chavda Infra IPO's listing date is Sep 25, 2023.

Chavda Infra Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹60(92.31%)

Premium (ELP)

₹60
(92.31%)