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Chavda Infra Ltd

Chavda Infra Ltd

NSE SME · SME IPO
Listed NSE SME SME Live Chart
Issue Price
₹65
₹65
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹65
Based on GMP
Min. Investment
₹130,000
1 lot × 2000 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
12 Sep 2023
Close Date
14 Sep 2023
Allotment
20 Sep 2023
Listing Date
25 Sep 2023
Exchange
NSE SME
Price Band
₹65
Listing Price
See chart
Allotment Status
Price Band
₹65
Per share
Face Value
₹10 per share
 
Lot Size
2,000 Shares
per lot
Issue Size
66,56,000 shares (aggregating up to ₹43.26 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹130,000
1 lot
Pre-IPO Holding
1,80,00,000 shares
Promoters
Post-IPO Holding
2,46,56,000 shares
Promoters
P/E (Pre)
9.72x
 
P/E (Post)
13.29x
 
EPS (Pre)
₹6.69
 
UPI Deadline
2023-09-14
Mandate
Anchor AllotmentMon, 11 Sep 2023
Basis of AllotmentWed, 20 Sep 2023
Refund InitiationThu, 21 Sep 2023
Demat CreditFri, 22 Sep 2023
Listing DayMon, 25 Sep 2023
UPI Mandate Deadline2023-09-14
Sale TypeFresh Capital
Net Offer to Public63,20,000 shares (aggregating up to ₹41.08 Cr)
Market Maker Quota3,36,000 shares (aggregating up to ₹2.18 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Chavda Infra Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 14 Sep 2023.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
336,000
₹2.18
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
6,656,000
100% ₹43.26
IPO Shares Offered
Chavda Infra Ltd IPO total issue size: ₹43.26 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 336,000 ₹2.18
5.05%
Total 6,656,000 ₹43.26
100.00%
* Based on upper price band ₹65 per share
Lot Size & Investment
Lot Size
2,000
Shares per Lot
Issue Price
₹65.00
Upper Band
Min Investment
₹130,000
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)24,000₹260,000
Retail (Max — 13 Lots)1326,000₹1,690,000
S-HNI (Min — 14 Lots)1428,000₹1,820,000
B-HNI (Min — 68 Lots)68136,000₹8,840,000
* Issue Price ₹65 × Lot Size 2,000 shares
IPO Schedule
Anchor
11 Sep 2023
✓ Done
IPO Open
12 Sep 2023
✓ Done
IPO Close
14 Sep 2023
✓ Done
Allotment
20 Sep 2023
✓ Done
Refunds
21 Sep 2023
✓ Done
Demat Credit
22 Sep 2023
✓ Done
Listing Day
25 Sep 2023
✓ Done
Chavda Infra Ltd — Live Price LIVE
₹65.00
INR · NSE
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Issue ₹65.00 Live Price
About Chavda Infra Ltd
Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat.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 ₹ 67,099.45 Lakhs in Residential Properties, Commercial Properties, Institutional Infrastructures, etc. The company provides services ranging from planning and design to construction and post-construction activities.Chavda Infra has three business verticals: Contracting Services, Development Services, and Commercial Renting Services.The company has constructed some of the 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. As of May 31, 2023, the company has 26 ongoing projects worth approximately ₹ 60,139 lakhs. Out of 26 ongoing projects 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.Chavda Infra is ISO 9001:2015 certified for quality management systems by BCQ Assessment Private Limited. The quality certification is for the construction of commercial, residential, and institutional buildings.The company has more than 250 employees and recorded revenue from operations of Rs. 16,188.57 Lacs for the year ended on March 31, 2023.
Objects of the Issue
1
To Meet Working Capital Requirements
2
General corporate purposes
Chavda Infra Ltd Financials (Amount in ₹ Lakhs)
Revenue from Operations
₹9,131.1
31 Mar 2021
₹16,203.4
31 Mar 2022
₹16,203.4
31 Mar 2023
Profit After Tax (PAT)
₹521.5
31 Mar 2021
₹521.5
31 Mar 2022
₹1,204.6
31 Mar 2023
Particulars31 Mar 202331 Mar 202231 Mar 2021
Revenue from Operations 16203.37 16203.37 9131.05
EBITDA N/A N/A N/A
Profit After Tax (PAT) 1204.62 521.46 521.46
Net Worth 3040.36 1835.74 1314.28
Total Assets 15424.40 10880.79 8668.11
Reserves & Surplus 1240.36 1685.74 1164.28
Borrowings 5328.95 4993.14 3330.32
EBITDA Margin (%) N/A
PAT Margin (%) N/A
RoE
49.41%
RoCE
43.62%
RoNW
39.62%
Debt/Equity
1.75
Issue Structure & Shareholding
Total Shares Offered66,56,000 (100.00%)
Net Offer to Public63,20,000 shares (aggregating up to ₹41.08 Cr)
Reserved for Market Maker3,36,000 shares (aggregating up to ₹2.18 Cr)
Pre-Issue Promoter Holding1,80,00,000 shares
Post-Issue Promoter Holding2,46,56,000 shares
P/BV RatioN/A
RoE49.41%
RoCE43.62%
Debt / Equity1.75
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Beeline Capital Advisors Pvt.Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Chavda Infra Ltd IPO subscribed?

Chavda Infra Ltd IPO is subscribed 1.00 times by Sep 14, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Chavda Infra Ltd IPO retail subscription status?

The Chavda Infra Ltd IPO retail category is subscribed 1.00 times as of 14 Sep 2023. The retail portion is oversubscribed.

How to subscribe Chavda Infra Ltd IPO?

Subscribe via your broker app using ASBA or UPI. Opens 12 Sep 2023 and closes 14 Sep 2023. Min investment: ₹130,000 (1 lot = 2,000 shares). UPI mandate: 2023-09-14.

How many times Chavda Infra Ltd IPO subscribed?

The Chavda Infra Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Chavda Infra Ltd IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 20 Sep 2023. Refunds: on 21 Sep 2023.

When Chavda Infra Ltd IPO will be listed?

The Chavda Infra Ltd IPO listing date is 25 Sep 2023, Monday. Listed on: NSE SME. Issue price: ₹65. Estimated listing: ₹65. GMP: NIL.

When Chavda Infra Ltd IPO close?

The Chavda Infra Ltd IPO closes on 14 Sep 2023, Thursday. UPI mandate: 2023-09-14. Allotment: 20 Sep 2023. Listing: 25 Sep 2023.