Chavda Infra Limited is an integrated civil construction company offering a diversified range of construction and allied services across residential, commercial and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company is ISO 9001:2015 certified for quality management system by BCQ Assessment Private Limited.
Since incorporation, the company has constructed 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.
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 ₹ 670.99 Crore in Residential Properties, Commercial Properties, Institutional Infrastructures, etc.
Chavda Infra has three business verticals: Contracting Services, Development Services, and Commercial Renting Services.
Chavda Infra IPO – Details
| IPO Opening Date | 12 September 2023 |
| IPO Closing Date | 14 September 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 66,56,000 Shares Worth ₹43.26 Crore Fresh Issue: 66,56,000 Shares Worth ₹43.26 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 – ₹65 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Chavda Infra IPO – Date Schedule
| IPO Open Date | 12 September 2023 |
| IPO Close Date | 14 September 2023 |
| Basis of Allotment | 20 September 2023 |
| Initiation of Refund | 21 September 2023 |
| Credit of Shares to Demat Account | 22 September 2023 |
| IPO Listing Date | 25 September 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 14, 2023 |
Chavda Infra IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,30,000 |
| Retail (Maximum) | 1 | 2000 | 1,30,000 |
| HNI (Minimum) | 2 | 4000 | 2,60,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- End-to-end execution capabilities.
- Optimal Utilization of Resources.
- Visible growth through a robust order book.
- Long-standing relationships with their customers.
Company Promoters
- Mr. Mahesh Gunvantlal Chavda
- Mrs. Dharmishtha Maheshkumar Chavda
- Mr. Johil Maheshbhai Chavda
Object Of The Issue
- To Meet Working Capital Requirements.
- General corporate purposes.
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 91.31 | 85.23 | 4.43 | 33.30 |
| 31 March 2022 | 109.87 | 102.55 | 5.21 | 49.93 |
| 31 March 2023 | 162.03 | 145.25 | 12.04 | 53.28 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 160.26 |
| ROE | 49.41 |
| ROCE | 43.62 |
| Debt/Equity | 1.75 |
| EPS (Rs) | 6.69 |
| RoNW | 39.62 |
Chavda Infra IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
Chavda Infra IPO Prospectus
Company Contact Information
| Chavda Infra Limited 304 to 307, 406, 407 B Square I, Near Neptune House, IsconAmbali BRTS Road, Ahmedabad- 380058 Phone: 079 4892 6087 Email: compliance@chavdainfra.com Website: https://www.chavdainfra.com/ |
Chavda Infra IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: chavdainfra.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Chavda Infra IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Chavda Infra IPO FAQs
| What is Chavda Infra IPO? Chavda Infra IPO is a SME IPO. The issue is priced at ₹60 – ₹65 per equity share. The IPO is to be listed on NSE SME. |
| When Chavda Infra IPO will open? The IPO is to open on 12 September 2023 for QIB – 50%, NII – 15% and Retail – 35% Investors. |
| How to Chavda Infra IPO? You can apply Chavda Infra IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Chavda Infra IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Chavda Infra”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Chavda Infra IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Chavda Infra”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Chavda Infra IPO Size? Chavda Infra IPO size is ₹43.26 crores. |
| What is Chavda Infra IPO Price Band? Chavda Infra IPO Price Band is ₹60 – ₹65. |
| What is Chavda Infra IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,30,000 amount while the maximum bid is 2000 shares with ₹1,30,000. |
| What is the Chavda Infra IPO Allotment Date? Chavda Infra IPO allotment date is 20 September 2023. |
| What is the Chavda Infra IPO Listing Date? Chavda Infra IPO listing date is 25 September 2023. The IPO is to list on NSE SME. |
