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SME IPO Status: Listed [12th Sep 2023 to 14th Sep 2023]
Chavda Infra Limited is offering an SME IPO issue size of 6,656,000 shares worth Rs 43.26 Cr. The subscription period for this IPO is from Sep 12, 2023 to Sep 14, 2023. The face value of the shares is Rs 10 per share and the issue price band for this SME IPO is ranging from Rs 60 to Rs 65 per share and the minimum lot size is 2000 shares or its multiples.
Stay tuned for more information on Chavda Infra Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 12th Sep 2023 |
| SME IPO Issue Closing Date: | 14th Sep 2023 |
| SME IPO Issue Price: | ₹60.00-65.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹43.26 Cr |
| Fresh Issue: | ₹43.26 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73% |
| Allotment Status: | Allotment Status |
| NSE Code: | CHAVDA |
Get important updates regarding Chavda Infra SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 20th Sep 2023 |
| Refunds Initiation* | 21st Sep 2023 |
| Credit of Shares to Demat* | 22nd Sep 2023 |
| SME IPO Listing Date* | 25th Sep 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹60.00-65.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 25-09-2023 | 65.00 | 60 | 91200 | ₹125 (92.31%) | 25-Sep-2023 9:59 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Chavda Infra Limited was established in the year 2012. It is an integrated construction company offering a wide range of construction and allied services for residential, commercial and institutional projects in Gujarat, particularly in Ahmedabad and Rajkot. The company provides services to its clients along the entire construction value chain, from planning and design to construction and post-construction activities. The company is certified to ISO 9001:2015 for its quality management system by BCQ Assessment Private Limited. The quality certification is related to the construction of commercial, residential and administrative buildings.
The company has in-house capabilities to deliver a project from conception to completion with a fast turnaround time from acquisition to launch to completion, focusing on reducing risk and improving return on investment. Their core competency is professional management of the real estate value chain and attracting and retaining talent to maximize value.
| Incorporation | Sector | IPO Issue Size | Website |
| 2012 | Construction Services | ₹43.26 Cr | https://www.chavdainfra.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,264,000 (28.57%) | 948,000 (21.43%) | 2,212,000 (50%) | 4,424,000 | |
| 1 | 12th Sep 2023 19:31 | 3.50x | 4.31x | 9.26x | 6.55x |
| 2 | 13th Sep 2023 19:31 | 13.86x | 10.22x | 30.69x | 21.50x |
| 3 | 14th Sep 2023 19:31 | 95.10x | 241.96x | 202.07x | 180.06x |
| 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 |
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Chavda Infra Limited | 6.69 | 16.89 | 39.62 | Standalone | ||
| PSP Projects Limited | 36.95 | 222.17 | 18.16 | 16.63 | Standalone | |
| Ahluwalia Contracts (India) Limited | 28.98 | 183.59 | 19.9 | 15.79 | Standalone |
Last Updated on 29-Sep-2023 06:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Chavda Infra SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Chavda Infra SME IPO with Zerodha.
Alternate approch to apply in Chavda Infra SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Chavda Infra SME IPO Review and Important Updates
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To subscribe or apply in Chavda Infra SME IPO, you can use the following methods:
| Chavda Infra SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Chavda Infra SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Chavda Infra SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Chavda Infra SME IPO. Most of the Syndicate Banks provide access to apply in Chavda Infra IPO via ASBA process. You must have your net banking access, DP ID information to apply in Chavda Infra SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Chavda Infra SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Chavda Infra SME IPO Review and Important Updates
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Chavda Infra SME IPO is going to be list on 25-09-2023. NSE Code for Chavda Infra is CHAVDA.
Other relevant questions:
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Chavda Infra SME IPO Allotment Date is 20-09-2023.
Other relevant questions:
Chavda Infra SME IPO share allotment date?Chavda Infra SME IPO allotment date?
