CHAVDA INFRA LTD (NSE SME)
September 12, 2023 – September 14, 2023
| Price | ₹60 - ₹65 |
| Premium | ₹60 |
|---|---|
| Lot size | 2000 |
| Allotment | Sep 20, 2023 |
| Listing | Sep 25, 2023 |
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/
Last updated on 14-Sep-2023 17:07:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 12,64,000 | 12,02,04,000 | 95.1 |
| NIB | 9,48,000 | 22,97,16,000 | 242.32 |
| RETAIL | 22,12,000 | 44,69,84,000 | 202.07 |
| Total | 44,24,000 | 79,69,04,000 | 180.13 |
| Retail Apps | 2,23,492 | © IPO Premium | |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 2000 | 130000 | 0 |
| HNI | 2 | 4000 | 260000 | 0 |
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.
Chavda Infra IPO Details
Chavda Infra IPO is a Book Built Issue. The IPO total issue size is Rs 43.26 Cr. The Chavda Infra IPO price is ₹60 to ₹65 per share. The IPO will list on NSE SME.
| 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 |
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 |
Company Financials
| Period | Mar 2021 | Mar 2022 | Mar 2023 |
| Assets | 8,668.11 | 10,880.79 | 15,424.40 |
| Revenue | 9,131.05 | 10,987.68 | 16,203.37 |
| Profit | 443.84 | 521.46 | 1,204.62 |
| Net Worth | 1,314.28 | 1,835.74 | 3,040.36 |
| Reserves | 1,164.28 | 1,685.74 | 1,240.36 |
| Borrowing | 3,330.32 | 4,993.14 | 5,328.95 |