The Chavda Infra IPO started on September 12, 2023, and ended on September 14, 2023. Shares were allocated on September 20, 2023, and refund processes began on September 21, 2023. On September 22, 2023, the shares were credited to investors demat accounts. Chavda Infra was officially listed on the stock exchange on September 25, 2023.
During the IPO, Chavda Infra offered shares at a price range of ₹60 to ₹65 per share, and the lot size was 2000 shares. The total issue size was ₹43.26 crores, with ₹43.26 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
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Chavda Infra IPO Subscription Status
The Chavda Infra IPO on September 14, 2023 was subscribed 180.06 times, with the retail category being subscribed 202.07 times, the NII (Non-Institutional Investor) category being subscribed 241.96 times, the QIB (Qualified-Institutional Buyers) category being subscribed 95.10 times.
Chavda Infra IPO Basic Details
|Company Name||Chavda Infra Limited|
|Domain of Company||Construction and Related Services|
|IPO Open Date||September 12, 2023|
|IPO Close Date||September 14, 2023|
|IPO Allotment Date||September 20, 2023|
|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
About Chavda Infra Limited
Founded in 2012, Chavda Infra Limited is a company based in Gujarat that specializes in construction and related services. They work on a wide range of projects, including residential, commercial, and institutional buildings.
Chavda Infra is part of the larger Chavda group, which encompasses three distinct businesses: Chavda Infra, Chavda RMC, and Chavda Developers. These businesses operate in Ahmedabad, Gandhinagar, and Rajkot. Chavda Infra has an impressive track record, having successfully completed over 100 projects with a total value of ₹67,099.45 Lakhs in various sectors, such as residential, commercial, and institutional infrastructure. They offer comprehensive services that cover everything from project planning and design to construction and post-construction activities.
Chavda Infra has three primary business divisions: Contracting Services, Development Services, and Commercial Renting Services.
Some of their notable projects in Ahmedabad include 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). They have also undertaken institutional projects like AIS Toddler’s Den, Nirma University (old Building), and Zydus School & Excellence.
As of May 31, 2023, Chavda Infra has 26 ongoing projects valued at approximately ₹60,139 lakhs. These projects include 4 commercial ventures, 4 institutional undertakings, and 18 residential developments.
Chavda Infra takes quality seriously and holds an ISO 9001:2015 certification for their quality management systems, which has been awarded by BCQ Assessment Private Limited. This certification covers their construction work in the commercial, residential, and institutional sectors.
With a dedicated team of over 250 employees, Chavda Infra recorded a revenue from operations of Rs. 16,188.57 Lacs for the fiscal year ending on March 31, 2023.
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Chavda Infra IPO FAQs
What is the start and end date of Chavda Infra IPO Subscription?
The Chavda Infra IPO started on September 12, 2023, and ended on September 14, 2023.
When does Chavda Infra IPO Subscription open?
The Chavda Infra IPO open on September 12, 2023.
When does Chavda Infra IPO Subscription close?
The Chavda Infra IPO Close on September 14, 2023.
What is the allotment date of Chavda Infra IPO?
The allotment date for Chavda Infra IPO is September 20, 2023.
When is the initial refund date of Chavda Infra IPO?
The initial Refund date for Chavda Infra IPO is September 21, 2023.
When were the shares credited to investors demat accounts for the Chavda Infra IPO?
The shares for the Chavda Infra IPO were credited to investors demat accounts on September 22, 2023.
When will Chavda Infra IPO be listed on the stock market?
Chavda Infra IPO stock market will be listed on September 25, 2023 at 10 am.
What was the price range of the Chavda Infra IPO shares?
The Chavda Infra IPO shares were offered at a price range of ₹60 to ₹65 per share.
What was the lot size for the Chavda Infra IPO shares?
The lot size for the Chavda Infra IPO shares was 2000 shares.
What was the total issue size of the Chavda Infra IPO?
The total issue size of the Chavda Infra IPO was ₹43.26 crores.
How were the shares allocated among different types of investors for the Chavda Infra IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Chavda Infra IPO listed?
The Chavda Infra IPO was listed on the NSE SME.
What is the Chavda Infra IPO Subscription Status?
Chavda Infra IPO is subscribed 00 Times.