Chavda Infra IPO GMP, Review, Price, Allotment

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Last updated on September 26, 2023

Chavda Infra IPO GMP

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
Chavda Infra

Promoters of Chavda Infra – Mr. Mahesh Gunvantlal Chavda


Chavda Infra IPO Details

Chavda Infra IPO Dates12 – 14 September 2023
Chavda Infra Issue PriceINR 60 – 65 per share
Fresh issue66,56,000 shares
INR 39.94 – 43.26 crore
Offer For SaleNIL
Total IPO size66,56,000 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 Allocation35%
Listing OnNSE SME

Chavda Infra Financial Performance

 FY 2021FY 2022FY 2023
Revenue91.24109.82161.89
Expenses85.24102.55145.26
Net income4.445.2212.05
Figures in INR Crores unless specified otherwise

Chavda Infra Offer News


Chavda Infra Valuations & Margins

FY 2021FY 2022FY 2023
EPS2.472.906.69
PE ratio8.97 – 9.72
RONW (%)33.7728.4139.62
NAV7.3010.2016.89
ROCE (%)34.9929.4243.62
EBITDA (%)16.2914.2416.72
Debt/Equity 2.532.721.75
*Compiled by IPO Central from Prospectus

Chavda Infra IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
23 September 20236090,000
22 September 20236090,000
21 September 20236090,000
20 September 20236090,000
19 September 20236090,000
18 September 20235785,000
16 September 20235580,000
15 September 20235580,000
14 September 20235075,000
13 September 20234565,000
12 September 20234565,000
11 September 20234255,000
9 September 20233040,000
8 September 20232538,500
7 September 20232030,000
6 September 20231530,000

Chavda Infra IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered3,160,000948,0002,212,0006,320,000
14 Sep 202338.04242.31202.01126.07
13 Sep 20235.5410.4530.0014.84
12 Sep 20231.404.309.024.50

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[email protected]
Website: 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: +91 40 6716 2222
E-mail: [email protected]
Website: 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 Date12 September 2023
IPO Closing Date14 September 2023
Finalization of Basis of Allotment20 September 2023
Initiation of refunds21 September 2023
Transfer of shares to demat accounts22 September 2023
IPO Listing Date25 September 2023
Opening Price on NSE SMEINR 91 per share (up 40%)
Closing Price on NSE SMEINR 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.

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