Established in 2012, Chavda Infra Limited specializes in providing construction and related services for residential, commercial, and institutional projects within the state of Gujarat.
Chavda Infra operates as part of the Chavda Group, a conglomerate comprising three distinct businesses: Chavda Infra, Chavda RMC, and Chavda Developers, all serving the regions of Ahmedabad, Gandhinagar, and Rajkot. The company boasts an impressive track record, having successfully completed over 100 projects with a total value of ₹ 67,099.45 Lakhs, spanning across residential, commercial, and institutional segments. Chavda Infra’s services encompass a comprehensive spectrum, ranging from project planning and design to construction and post-construction activities.
The organization is structured into three primary business verticals:
- Contracting Services: Focused on executing construction contracts for various types of projects.
- Development Services: Involved in property development initiatives.
- Commercial Renting Services: Engaged in renting out commercial properties.
Chavda Infra places a strong emphasis on quality and has earned ISO 9001:2015 certification for its quality management systems, awarded by BCQ Assessment Private Limited. This certification encompasses the construction of commercial, residential, and institutional buildings, highlighting the company’s commitment to delivering high-quality projects.
With a dedicated workforce exceeding 250 employees, Chavda Infra Limited achieved a noteworthy revenue from operations of Rs. 16,188.57 Lacs for the fiscal year ending on March 31, 2023, solidifying its position as a significant player in the construction and development industry.
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.
| IPO Date | September 12, 2023 to September 14, 2023 |
| Listing Date | [.] |
| 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 |
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 Timetable (Tentative) #
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 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 |
| Lot Size Calculator | |||
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% |
Company Financials #
| 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 #
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 160.26 |
| ROE | 49.41% |
| ROCE | 43.62% |
| Debt/Equity | 1.75 |
| EPS (Rs) | 6.69 |
| RoNW | 39.62% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To Meet Working Capital Requirements,
- General corporate purposes, and
- To meet Public Issue Expenses.
Chavda Infra IPO Prospectus #
Company Contact Information #
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 Lead Manager(s) #
- Beeline Capital Advisors Pvt Ltd (Past IPO Performance)
