Listing Details
- Listing Exchange NSE SME
- Listing Date 25-Sep-23
- IPO Price Range ₹ 60 to ₹ 65
- Listing Price ₹ 91
- Listing Change 40.0%
- Last Traded Price ₹ 145.9
- Current Change 124.5%
Chavda Infra IPO Details
- Open Date 12-Sep-23
- Close Date 14-Sep-23
- Lot Size 2000
- IPO Size ₹ 43.26 Cr
- IPO Price Range ₹ 60 to ₹ 65
- Min Investment ₹ 120,000
- Listing Exchange NSE SME
- Basis of Allotment 20-Sep-23
- Refunds 21-Sep-23
- Credit to Demat Account 22-Sep-23
- Listing Date 25-Sep-23
Chavda Infra IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Sep-23 | 3.50 | 4.31 | 9.26 | 6.55 |
| 13-Sep-23 | 13.86 | 10.17 | 30.32 | 21.30 |
| 14-Sep-23 | 95.10 | 241.96 | 202.07 | 180.06 |
Chavda Infra IPO Synopsis
Chavda Infra Limited IPO is all set to open from 12th September to 14th September 2023. The company is in the business of providing construction and allied services in Gujarat for residential, commercial, as well as institutional projects. The IPO includes a fresh issue of 6,656,000 shares worth ₹43.26 cr. The share allotment date is 20th September, and the IPO will be listed on 25th September on the stock exchanges. The price band is ₹60 to ₹65 per share and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Chavda Infra IPO:
Chavda Infra Limited plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● To meet the public issue expenses.
● General corporate purpose.
About Chavda Infra
Established in 2012, Chavda Infra Limited offers a range of construction and allied services spanning residential, commercial, and institutional projects in Gujarat. Its business verticals are divided into three categories: i) Contracting Services ii) Development Services iii) Commercial Renting Services. Chavda Infra holds ISO 9001:2015 certification for its quality management systems, which is a recognition by BCQ Assessment Private Limited.
Chavda Infra is a part of the Chavda Group, which includes three distinct businesses: Chavda Infra, Chavda RMC, and Chavda Developers in Ahmedabad, Gandhinagar, and Rajkot.
The company has an impressive track record of constructing well-known buildings in Ahmedabad, including residential properties like Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony, as well as commercial complexes like AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect. Additionally, Chavda Infra has contributed to the development of institutional projects like 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. Among these projects, 4 are commercial in nature, 4 are focused on institutions, and the remaining 18 are residential.
Peer Comparison
● PSP Projects Limited
● Ahluwalia Contracts (India) Limited
For More Information:
Webstory on Chavda Infra IPO
Chavda Infra IPO GMP
Chavda Infra Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 161.88 | 109.82 | 91.24 |
| EBITDA | 27.06 | 15.64 | 14.86 |
| PAT | 12.05 | 5.21 | 4.44 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 154.24 | 108.81 | 86.68 |
| Share Capital | 18.00 | 1.50 | 1.50 |
| Total Liabilities | 123.84 | 90.45 | 73.54 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 8.68 | -9.18 | 10.60 |
| Net cash from / (used in) investing activities | -9.47 | -2.58 | -12.30 |
| Net cash flow from / (used in) financing activities | -0.75 | 13.76 | 1.06 |
| Net increase (decrease) in cash and cash equivalents | -1.55 | 2.00 | -0.63 |
Chavda Infra IPO Key Points
-
Strengths
1. The company has end-to-end execution capabilities for building constructions.
2. Focus on optimal utilization of resources.
3. It has visible growth through a robust order book.
4. Long-standing relationships with our customers.
5. It has ISO 9001:2015 certification for its quality management systems.
6. Experienced management team.
7. Planning to expand business beyond Gujarat.
-
Risks
1. The revenue comes from Gujarat State only which creates concentration risk.
2. Revenues from projects are difficult to predict and are subject to seasonal variations.
3. Higher debt levels and unsecured loans that are liable to be paid on demand.
4. Its lenders have charge over the company’s movable and immovable properties in respect of finance availed.
5. The business is capital-intensive and is significantly dependent on the availability of real estate financing in India.
6. Operates in a highly competitive industry.
7. Higher working capital requirements and negative operating cash flow.
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Chavda Infra IPO FAQs
What is the minimum lot size and investment required for the Chavda Infra IPO?
The minimum lot size of Chavda Infra IPO is 2000 shares and the investment required is ₹1,20,000.
What is the price band of Chavda Infra IPO?
The price band of Chavda Infra IPO is ₹60 to ₹65 per share.
When does the Chavda Infra IPO issue open and close?
Chavda Infra IPO opens from 12th September to 14th September 2023.
What is the size of the Chavda Infra IPO issue?
The size of Chavda Infra IPO is ₹43.26 cr.
What is the allotment date of the Chavda Infra IPO?
The share allotment date of Chavda Infra IPO is 20th September 2023.
What is the Chavda Infra IPO listing date?
The Chavda Infra IPO will be listed on 25th September 2023.
Who are the book runners for the Chavda Infra IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Chavda Infra IPO.
What is the objective of Chavda Infra IPO?
Chavda Infra Limited plans to utilize the raised capital from the IPO to:
1. For working capital requirements.
2. To meet the public issue expenses.
3. General corporate purpose.
How to apply for the Chavda Infra IPO?
To apply for Chavda Infra IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Chavda Infra Limited IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Chavda Infra IPO
Contact Information
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/
Chavda Infra IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: chavdainfra.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Chavda Infra IPO Lead Manager
Beeline Capital Advisors Pvt Ltd.