Chavda Infra IPO GMP Details
Chavda Infra Limited, Incorporated in 2012, specializes in providing construction and related services for residential, commercial, and institutional projects in Gujarat.
Chavda Infra is a constituent of the Chavda Group, comprising three businesses: Chavda Infra, Chavda RMC, and Chavda Developers, all operating in Ahmedabad, Gandhinagar, and Rajkot. The company boasts a successful track record, having completed over 100 projects valued at ₹67,099.45 Lakhs. These projects encompass residential properties, commercial properties, and institutional infrastructures, among others. Chavda Infra offers a comprehensive range of services, spanning from project planning and design to construction and post-construction activities.
Chavda Infra operates within three core business verticals: Contracting Services, Development Services, and Commercial Renting Services.
The company is responsible for the construction of notable buildings in Ahmedabad, including Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony (residential projects), as well as AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect (commercial projects). Institutional projects include AIS Toddler’s Den, Nirma University (old Building), and Zydus School & Excellence. As of May 31, 2023, Chavda Infra is actively engaged in 26 ongoing projects, valued at approximately ₹60,139 lakhs. These projects comprise 4 commercial projects, 4 institutional projects, and 18 residential projects.
Chavda Infra holds ISO 9001:2015 certification for quality management systems, awarded by BCQ Assessment Private Limited. This quality certification pertains to the construction of commercial, residential, and institutional buildings.
With a workforce of over 250 employees, the company achieved revenue from operations totaling Rs. 16,188.57 Lacs for the fiscal year ending on March 31, 2023.
Objects of the Issue
The company plans to utilize the net proceeds from the issue for the following purposes:
- Meeting working capital requirements.
- General corporate purposes.
- Covering public issue expenses.
Chavda Infra IPO Details
The Chavda Infra IPO is categorized as a Book Built Issue with a total issue size of ₹43.26 Crores. The IPO price range for Chavda Infra shares is set at ₹60 to ₹65 per share. Upon completion, the shares will be listed on the NSE SME platform.
IPO Date | September 12, 2023 to September 14, 2023 |
Listing Date | September 25, 2023 |
Face Value | ₹10 per share |
Price | ₹60 to ₹65 per share |
Lot Size | 2000 Shares |
Total Issue Size | 6,656,000 shares (aggregating up to ₹43.26 Cr) |
Fresh Issue | 6,656,000 shares (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 18,000,000 |
Share holding post issue | 24,656,000 |
Market Maker portion | 336,000 shares Spread X Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Chavda Infra IPO Reservation
QIB Shares Offered | Not more than 50.00% of the Net offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
Chavda Infra IPO Lot Size
The minimum lot size of this Chavda Infra IPO is 2000 shares required is ₹130,000.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹130,000 |
Retail (Max) | 1 | 2000 | ₹130,000 |
HNI (Min) | 2 | 4,000 | ₹260,000 |
Chavda Infra IPO Dates
Chavda Infra IPO opens on September 12, 2023, and closes on September 14, 2023.
IPO Open Date | Tuesday, September 12, 2023 |
IPO Close Date | Thursday, September 14, 2023 |
Basis of Allotment | Wednesday, September 20, 2023 |
Initiation of Refunds | Thursday, September 21, 2023 |
Credit of Shares to Demat | Friday, September 22, 2023 |
Listing Date | Monday, September 25, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 14, 2023 |
Chavda Infra Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 8,668.11 | 10,880.79 | 15,424.40 |
Revenue | 9,131.05 | 10,987.68 | 16,203.37 |
Profit After Tax | 443.84 | 521.46 | 1,204.62 |
Net Worth | 1,314.28 | 1,835.74 | 3,040.36 |
Reserves and Surplus | 1,164.28 | 1,685.74 | 1,240.36 |
Total Borrowing | 3,330.32 | 4,993.14 | 5,328.95 |
Key Performance Indicator of Chavda Infra Ltd
KPI | Values |
---|---|
ROE | 49.41% |
ROCE | 43.62% |
Debt/Equity | 1.75 |
EPS (Rs) | 6.69 |
RoNW | 39.62% |
Chavda Infra IPO Promoter Holding
Mr. Mahesh Gunvantlal Chavda, Mrs. Dharmishtha Maheshkumar Chavda and Mr. Johil Maheshbhai Chavda are the promoters of the company.
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73% |
Chavda Infra 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 FAQs
What is the Chavda Infra IPO?
Chavda Infra IPO is a Small and Medium Enterprises (SME) IPO comprising 6,656,000 equity shares with a face value of ₹10 each, aggregating up to ₹43.26 Crores. The IPO price range is set at ₹60 to ₹65 per share, and the minimum order quantity is 2000 shares. The IPO subscription period is from September 12, 2023, to September 14, 2023.
Kfin Technologies Limited is the registrar for this IPO.
The shares are proposed to be listed on the NSE SME platform.
How can I apply for the Chavda Infra IPO through Zerodha?
Zerodha customers can apply online for the Chavda Infra IPO using UPI as the payment gateway. To apply, follow these steps:
1. Visit the Zerodha website and log in to Console.
2. Navigate to the Portfolio section and click on the IPOs link.
3. Find the ‘Chavda Infra IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When does the Chavda Infra IPO open for subscription?
The Chavda Infra IPO subscription period opens on September 12, 2023, and closes on September 14, 2023.
What is the lot size for the Chavda Infra IPO?
The lot size for the Chavda Infra IPO is 2000 shares, requiring a minimum investment of ₹130,000.
What are the available methods to apply for the Chavda Infra IPO?
You can apply for the Chavda Infra IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account, while UPI IPO application is offered by brokers who don’t provide banking services. You can find more details on how to apply for the IPO online through platforms like Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Chavda Infra IPO allotment be finalized?
The Basis of Allotment for the Chavda Infra IPO will be finalized on Wednesday, September 20, 2023. Allotted shares will be credited to your demat account by Friday, September 22, 2023. You can check the IPO allotment status during that time.
When is the Chavda Infra IPO listing date?
The Chavda Infra IPO listing date is yet to be announced. The tentative listing date for the Chavda Infra IPO is Monday, September 25, 2023.