Chavda Infra Limited IPO (Chavda Infra IPO)

Chavda Infra Limited IPO
Upcoming Chavda Infra IPO | New Chavda Infra IPO

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

Chavda Infra IPO – Details

IPO Opening Date12 September 2023
IPO Closing Date14 September 2023
Issue TypeBook Built Issue IPO
Issue Size66,56,000 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 Lot2000 Shares
Min Order2000 Shares (1 Lot)
Listing AtNSE SME
RegisterKfin Technologies Limited
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Chavda Infra IPO – Date Schedule

IPO Open Date12 September 2023
IPO Close Date14 September 2023
Basis of Allotment20 September 2023
Initiation of Refund21 September 2023
Credit of Shares to Demat Account22 September 2023
IPO Listing Date25 September 2023
Cut-off time for UPI mandate confirmation5 PM on Sep 14, 2023

Chavda Infra IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)120001,30,000
Retail (Maximum)120001,30,000
HNI (Minimum)240002,60,000

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.
Chavda Infra IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 202191.3185.234.4333.30
31 March 2022109.87102.555.2149.93
31 March 2023162.03145.2512.0453.28
Amount in ₹ Crore

Key Performance Indicator

Market Cap (₹ Cr.)160.26
EPS (Rs)6.69

Chavda Infra IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.00%

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

Chavda Infra IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Chavda Infra IPO Lead Manager(s)

1. Beeline Capital Advisors Pvt Ltd

Chavda Infra IPO FAQs

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.
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