The Chavda Infra IPO commenced on September 12, 2023, and concluded on September 14, 2023. The allotment of shares took place on September 20, 2023, and the initiation of refunds began on September 21, 2023. The shares were credited to the demat accounts of investors on September 22, 2023. Finally, the listing of Chavda Infra on the stock exchange occurred on September 25, 2023.
The Chavda Infra IPO was priced at ₹60 to ₹65 per share, with a lot size of 2000. The total issue size was ₹43.26 crores, comprising a fresh issue of ₹43.26 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Chavda Infra IPO Basic Details
|Company Name||Chavda Infra Limited|
|Domain of Company||Construction and Related Services|
|Chavda Infra IPO GMP Today||₹45|
|Chavda Infra IPO Listing Gain||69.23%|
|Chavda Infra IPO Open Date||September 12, 2023|
|Chavda Infra IPO Close Date||September 14, 2023|
|Chavda Infra IPO Allotment Date||September 20, 2023|
|Chavda Infra IPO Listing Date||September 25, 2023|
|Face Value||₹10 per share|
|Price||₹60 to ₹65 per share|
|Lot Size||2000 Shares|
|Issue Size||6,656,000 shares of ₹10|
(aggregating up to ₹43.26 Cr)
|Fresh Issue||6,656,000 shares of ₹10|
(aggregating up to ₹43.26 Cr)
|Issue Type||Book Built Issue IPO|
|Listing At||NSE SME|
|Company Promoters||Mr. Mahesh Gunvantlal Chavda,|
Mrs. Dharmishtha Maheshkumar Chavda
and Mr. Johil Maheshbhai Chavda
Chavda Infra IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|10 September 2023||₹45||69.23%||–||–|
|9 September 2023||₹45||69.23%||–||–|
|8 September 2023||₹45||69.23%||–||–|
Chavda Infra IPO Details:
Established in 2012, Chavda Infra Limited is a company based in Gujarat that specializes in construction and related services for various types of projects, including residential, commercial, and institutional ones.
Chavda Infra is part of the larger Chavda group, which encompasses three businesses: Chavda Infra, Chavda RMC, and Chavda Developers. Together, they offer their services in Ahmedabad, Gandhinagar, and Rajkot. Over the years, Chavda Infra has successfully completed more than 100 projects valued at ₹67,099.45 Lakhs, spanning residential, commercial, and institutional properties. Their services encompass everything from initial planning and design to construction and post-construction activities.
Chavda Infra operates under three primary business divisions: Contracting Services, Development Services, and Commercial Renting Services.
The company has a notable portfolio in Ahmedabad, with prominent buildings like Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony in the residential sector. In the commercial sector, they’ve worked on AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect. For institutional projects, Chavda Infra has contributed to AIS Toddler’s Den, Nirma University (old Building), and Zydus School & Excellence. As of May 31, 2023, the company is actively engaged in 26 ongoing projects valued at approximately ₹60,139 lakhs, with 4 being commercial, 4 institutional, and 18 residential projects.
Chavda Infra takes pride in its ISO 9001:2015 certification for quality management systems, awarded by BCQ Assessment Private Limited. This certification underscores their commitment to maintaining high-quality standards in the construction of commercial, residential, and institutional buildings.
With a workforce of more than 250 employees, Chavda Infra recorded revenue from operations amounting to Rs. 16,188.57 Lacs for the fiscal year ending on March 31, 2023.
Chavda Infra IPO More Details Click Here
Chavda Infra IPO FAQs
When is Chavda Infra IPO open?
Chavda Infra IPO will open on 12 September 2023.
When is Chavda Infra IPO Close?
Chavda Infra IPO will be closed on 14 September 2023.
What is Chavda Infra IPO GMP Today?
The Chavda Infra IPO GMP aka Grey Market Premium is ₹45.
What is Chavda Infra IPO Kostak Rates Today?
The Chavda Infra IPO Kostak Rate is ₹000.
What is Chavda Infra IPO Subject to Sauda Price Today?
The Chavda Infra IPO subject to sauda rates is ₹000.
Chavda Infra IPO Expected Returns?
The Chavda Infra expected return is 69.23%.
How much will be the listing gain in Chavda Infra IPO?
Chavda Infra IPO will get listing gain of 69.23%. (Approx.)