Chavda Infra IPO description – Incorporated in 2012, Headquartered in Ahmedabad, Chavda Infra is an integrated civil construction company offering diversified construction and allied services across residential, commercial, and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company’s services span the construction value chain, ranging from planning and design to construction and post-construction activities for its clients.
Chavda Infra has successfully executed over 100 projects worth INR 671 crore. Some of its prestigious projects across Ahmedabad include residential projects such as Straft Laxuria, Shivalik Parkview and Shivalik Sharda Harmony; commercial projects such as AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire and Solitaire Connect; and institutional projects such as AIS Toddler’s Den, Nirma University (old Building) and Zydus School & Excellence.
As of 31 May 2023, the company has 26 ongoing projects worth approximately INR 601.39 crores, indicating a strong order book. Out of 26 ongoing projects, 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.
Chavda Infra derives its revenue from the following three business verticals:
- Contracting Services
- Development Services
- Commercial Renting Services
Promoters of Chavda Infra – Mr. Mahesh Gunvantlal Chavda
Table of Contents
Chavda Infra IPO Details
| Chavda Infra IPO Dates | 12 – 14 September 2023 |
| Chavda Infra Issue Price | INR 60 – 65 per share |
| Fresh issue | 66,56,000 shares INR 39.94 – 43.26 crore |
| Offer For Sale | NIL |
| Total IPO size | 66,56,000 shares INR 39.94 – 43.26 crore |
| Minimum bid (lot size) | 2,000 shares INR 1,20,000 – 1,30,000 |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Chavda Infra Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 91.24 | 109.82 | 161.89 |
| Expenses | 85.24 | 102.55 | 145.26 |
| Net income | 4.44 | 5.22 | 12.05 |
Chavda Infra Offer News
- Chavda Infra RHP
- Chavda Infra Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Chavda Infra Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.47 | 2.90 | 6.69 |
| PE ratio | – | – | 8.97 – 9.72 |
| RONW (%) | 33.77 | 28.41 | 39.62 |
| NAV | 7.30 | 10.20 | 16.89 |
| ROCE (%) | 34.99 | 29.42 | 43.62 |
| EBITDA (%) | 16.29 | 14.24 | 16.72 |
| Debt/Equity | 2.53 | 2.72 | 1.75 |
Chavda Infra IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 23 September 2023 | 60 | – | 90,000 |
| 22 September 2023 | 60 | – | 90,000 |
| 21 September 2023 | 60 | – | 90,000 |
| 20 September 2023 | 60 | – | 90,000 |
| 19 September 2023 | 60 | – | 90,000 |
| 18 September 2023 | 57 | – | 85,000 |
| 16 September 2023 | 55 | – | 80,000 |
| 15 September 2023 | 55 | – | 80,000 |
| 14 September 2023 | 50 | – | 75,000 |
| 13 September 2023 | 45 | – | 65,000 |
| 12 September 2023 | 45 | – | 65,000 |
| 11 September 2023 | 42 | – | 55,000 |
| 9 September 2023 | 30 | – | 40,000 |
| 8 September 2023 | 25 | – | 38,500 |
| 7 September 2023 | 20 | – | 30,000 |
| 6 September 2023 | 15 | – | 30,000 |
Chavda Infra IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,160,000 | 948,000 | 2,212,000 | 6,320,000 |
| 14 Sep 2023 | 38.04 | 242.31 | 202.01 | 126.07 |
| 13 Sep 2023 | 5.54 | 10.45 | 30.00 | 14.84 |
| 12 Sep 2023 | 1.40 | 4.30 | 9.02 | 4.50 |
Chavda Infra Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48405357, 48406357
Email:Â [email protected]
Website:Â www.beelinemb.com
Chavda Infra Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Chavda Infra Contact Details
CHAVDA INFRA LIMITED
304 To 307, 406, 407 B Square I, Near Neptune House,
Iscon-Ambali BRTS Road Ahmedabad- 380058, Gujarat
Phone: 079 4892 6087
E-mail: [email protected]
Website: www.chavdainfra.com
Chavda Infra IPO Allotment Status
Chavda Infra IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Chavda Infra IPO Dates & Listing Performance
| IPO Opening Date | 12 September 2023 |
| IPO Closing Date | 14 September 2023 |
| Finalization of Basis of Allotment | 20 September 2023 |
| Initiation of refunds | 21 September 2023 |
| Transfer of shares to demat accounts | 22 September 2023 |
| IPO Listing Date | 25 September 2023 |
| Opening Price on NSE SME | INR 91 per share (up 40%) |
| Closing Price on NSE SME | INR 86.45 per share (up 33.0%) |
IPO FAQs
What is the Chavda Infra offer size?
Chavda Infra offer size is INR 39.94 – 43.26 crores.
What is the Chavda Infra offer price band?
Chavda Infra public offer price is INR 60 – 65 per share.
What is the lot size of the Chavda Infra IPO?
Chavda Infra offer lot size is 2,000 shares.
What is Chavda Infra IPO GMP today?
Chavda Infra IPO GMP today is INR 60 per share.
What is the Chavda Infra kostak rate today?
Chavda Infra kostak rate today is INR NA per application.
What is Chavda Infra Subject to Sauda rate today?
Chavda Infra Subject to Sauda rate today is INR 90,000 per application.
