Chavda Infra IPO Details ( Chavda Infra Limited IPO Review )
(12 Sep 2023 – 14 Sep 2023)
Chavda Infra Limited, established in 2012, specializes in construction and related services for a variety of projects in Gujarat, including residential, commercial, and institutional developments.
As a part of the Chavda group, which encompasses three distinct businesses: Chavda Infra, Chavda RMC, and Chavda Developers—our services extend to Ahmedabad, Gandhinagar, and Rajkot. Over the years, we have successfully completed more than 100 projects valued at ₹67,099.45 Lakhs, spanning residential, commercial, and institutional properties. Our comprehensive offerings encompass everything from initial planning and design to construction and post-construction activities.
Chavda Infra operates across three core business verticals: Contracting Services, Development Services, and Commercial Renting Services.
We are proud to have contributed to some well-known landmarks in Ahmedabad, including residential projects such as Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony, as well as commercial ventures like AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect. Additionally, we’ve undertaken institutional projects like 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, with an estimated value of ₹60,139 lakhs. These projects encompass a diverse range, including 4 commercial, 4 institutional, and 18 residential developments.
We take pride in our commitment to quality and hold ISO 9001:2015 certification for our quality management systems, awarded by BCQ Assessment Private Limited. This certification covers our 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.
Chavda Infra Limited IPO Competitive Strength
- Experienced Promoters and Management Team
- End-to-end execution capabilities
- Optimal Utilization of Resources
- Visible growth through a robust order book
- Long-standing relationships with our customers
Chavda Infra IPO Financials Performance ( Results )
Chavda Infra Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 8,668.11 | 9,131.05 | 443.84 | 2.47 | 1,314.28 | 7.30 | 1,164.28 | 3,330.32 |
| 31-Mar-22 | 10,880.79 | 10,987.68 | 521.46 | 2.90 | 1,835.74 | 10.20 | 1,685.74 | 4,993.14 |
| 31-Mar-23 | 15,424.40 | 16,203.37 | 1,204.62 | 6.69 | 3,040.36 | 16.89 | 1,240.36 | 5,328.95 |
Objective of IPO Issue
- To Meet Working Capital Requirements
- General corporate purposes
- To meet Public Issue Expenses
Chavda Infra IPO Basic Details
| IPO Date | Sep 12, 2023 to Sep 14, 2023 |
| Listing Date | Monday, 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 |
| Share holding pre issue | 18,000,000 |
| Share holding post issue | 24,656,000 |
| Company Promoters | Mr. Mahesh Gunvantlal Chavda, Mrs. Dharmishtha Maheshkumar Chavda and Mr. Johil Maheshbhai Chavda |
Chavda Infra IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Chavda Infra IPO Timetable
Chavda Infra IPO will open on September 12, 2023 and close on September 14, 2023. You can join Chavda Infra IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 12 September 2023 (Tuesday) |
| Closing Date | 14 September 2023 (Thursday) |
| Basis of Allotment | 20 September 2023 (Wednesday) |
| Initiation of Refunds | 21 September 2023 (Thursday) |
| Credit of Shares to Demat | 22 September 2023 (Friday) |
| Listing Date | 25 September 2023 (Monday) |
| Deadline for UPI mandate confirmation | 5 PM on 14 September 2023 |
Chavda Infra IPO Lot Size
For retail investors in Chavda Infra IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹130,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹130,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| S-HNI (Min) | 2 | 4000 | ₹260,000 |
Chavda Infra IPO Promoter Holding
The company’s promoters include Mr. Mahesh Gunvantlal Chavda, Mrs. Dharmishtha Maheshkumar Chavda and Mr. Johil Maheshbhai Chavda.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73% |
Chavda Infra Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹6.69 per Equity Share |
| Net Asset Value (NAV) | ₹16.89 per Equity Share |
| P/E Ratio (P/E) (x) | 13.29 |
| Return on Net Worth (RoNW) (%) | 39.62 |
| Return on equity (ROE) (%) | 49.41 |
| Return on Capital Employed (ROCE) (%) | 43.62 |
| Debt/Equity Ratio | 1.75 |
Chavda Infra Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Chavda Infra limited | Standalone | 65 | 10 | 6.69 | 13.29 | 39.62 | 16.89 |
| Peer Group | |||||||
| PSP Projects Limited | Standalone | 670.90 | 10 | 36.95 | 18.16 | 16.63 | 222.17 |
| Ahluwalia Contracts (India) Limited | Standalone | 576.65 | 2 | 28.98 | 19.90 | 15.79 | 183.59 |
Chavda Infra IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 9 September 2023 | ₹40 | – | – |
| 8 September 2023 | ₹40 | – | – |
Chavda Infra IPO Detail Video:
Chavda Infra IPO Subscription Status (Bidding Detail)
The Chavda Infra IPO on September 14, 2023 at 7:29:00 PM 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, QIB (Qualified-Institutional Buyers) category being subscribed 95.10 times.
| Category | Subscription |
| QIB | 95.10x |
| NII | 241.96x |
| Retail | 202.07x |
| Total | 180.06x |
Chavda Infra IPO Prospectus
| Chavda Infra IPO DRHP | Download |
| Chavda Infra IPO RHP | Download |
| Chavda Infra IPO Anchor Investors Details PDF | Download |
Chavda Infra IPO Rating
| Our Rating | 3.5/5.0 |
Chavda Infra Company Contact Information
Chavda Infra Limited
Registered Office: 304 To 307, 406, 407 B Square I, Near Neptune House, Iscon-Ambali BRTS Road Ahmedabad- 380058, Gujarat, India
Website: www.chavdainfra.com
E-Mail: compliance@chavdainfra.com
Telephone No: 079 4892 6087
Company Secretary and Compliance Officer: Ms. Himani Mayur Upadhyay
Promoters Of Our Company: Mr. Mahesh Gunvantlal Chavda,
Mrs. Dharmishtha Maheshkumar Chavda And Mr. Johil Maheshbhai Chavda
Chavda Infra IPO Registrar
Kfin Technologies Limited
SEBI Registration Number: INR000000221
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli Financial District,
Nanakramguda, Serilingampally Hyderabad – 500 032, Telangana
Tel. Number: +91 40 6716 2222
Toll Free No: 1800 309 4001
Contact Person: M Murali Krishna
Email Id: chavdainfra.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
CIN: L72400TG2017PLC117649
Chavda Infra IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej,
Ahmedabad- 380054, Gujarat, India.
Telephone Number: 079 4918 5784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Chavda Infra IPO FAQs
What is the lot size of Chavda Infra IPO?
The total size of Chavda Infra IPO is ₹43.26 crores and this is a complete fresh Issue.
When will Chavda Infra IPO start?
Chavda Infra IPO will open from 12 September 2023 and IPO will close on 14 September 2023.
What is the open date of Chavda Infra IPO?
Chavda Infra IPO will open date from 12 September 2023.
What is the last date ( close date ) of Chavda Infra IPO?
Chavda Infra IPO will close from 14 September 2023.
What is the price band of Chavda Infra IPO?
Chavda Infra IPO price band is ₹60 to ₹65. ( Upper Price Band: ₹65, Lower Price Band: ₹60 )
What is the minimum amount required to apply for Chavda Infra IPO?
The minimum investment for retailers to apply for Chavda Infra IPO is ₹130,000 and the maximum investment is ₹130,000.
What is going on gray market premium of Chavda Infra IPO?
View gray market premium of Chavda Infra IPO by Clicking Here
How much is the GMP of Chavda Infra IPO?
Watch Chavda Infra IPO GMP Today: Click Here
What is the allotment date of Chavda Infra IPO?
The allotment date of Chavda Infra IPO is 20 September 2023.
How to check allotment status in Chavda Infra IPO?
To check the allotment status of Chavda Infra IPO, first of all go to the registrar website by clicking here, select your bad Chavda Infra IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Chavda Infra IPO?
The listing date of Chavda Infra IPO is 25 September 2023.
How much will be the listing gain in Chavda Infra IPO?
View listing gain of Chavda Infra IPO by Clicking Here
How much time Chavda Infra IPO is subscribed?
Total 180.06 times subscribed in Chavda Infra IPO out of which 202.07 times subscription was done in retail quota, 241.96 times subscription in NII quota and 95.10 times subscription in QIB quota.
How to apply for Chavda Infra IPO from Upstox?
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