Chavda Infra IPO Details: Chavda Infra, is set to launch its initial public offering (IPO) on September 12, 2023. The IPO will close on September 14, 2023. The company is looking to raise ₹43.26 crores through the IPO. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Chavda Infra IPO?
Chavda Infra is an upcoming initial public offering (IPO) of 6,656,000 equity shares of the face value of ₹10 aggregating up to ₹43.26 Crores. The issue is priced at ₹60-65 per share. The minimum order quantity is 2000 Shares.
The IPO opened for subscription on September 12, 2023 and will close on September 14, 2023. The shares will be listed on the NSE SME exchange on September 21, 2023.
Chavda Infra is a civil construction company offering a diversified range of construction and allied services across residential, commercial, and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company has been in business for over 30 years and has a strong customer base in India.
The proceeds from the IPO will be used to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
The IPO is a good opportunity for investors to participate in the growth of the civil construction industry. The industry is expected to grow at a CAGR of 8%-10% in the next few years.
However, there are some risks associated with the IPO. The company is a relatively small company and has limited financial resources. The company also faces competition from other civil construction companies.
Investors should carefully consider the risks and rewards of the Chavda Infra IPO before investing.
Here are some of the key things to keep in mind about the Chavda Infra IPO:
- The IPO is open for subscription to all investors, including retail investors, qualified institutional buyers (QIBs), and non-institutional investors (NII).
- The retail investors’ quota is 10%, the QIB quota is 75%, and the NII quota is 15%.
- The IPO is being managed by Kfin Technologies Limited.
- The registrar for the IPO is Link Intime India Private Limited.
Objective of Chavda Infra IPO
The objective of the Chavda Infra IPO is to raise ₹43.26 crores to fund the company’s working capital requirements and for expansion. The company plans to use the funds to set up a new manufacturing unit, widen its product portfolio, and strengthen its marketing and distribution network.
Here are the specific objectives of the Chavda Infra IPO:
- To fund the company’s working capital requirements.
- To set up a new manufacturing unit.
- To widen the company’s product portfolio.
- To strengthen the company’s marketing and distribution network.
The company believes that the IPO will help it to achieve its growth plans and become a leading player in the civil construction industry.
Chavda Infra IPO Date & Price Band Details
| IPO Open: | September 12, 2023 |
| IPO Close: | September 14, 2023 |
| IPO Size: | Approx ₹43.26 Crores, 6,656,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹60 to ₹65 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Chavda Infra IPO Market Lot
The Chavda Infra IPO minimum market lot is 2000 shares with a ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹130,000 |
Chavda Infra IPO Dates
The Chavda Infra IPO date is September 11 and the IPO close date is September 14. The IPO allotment date is September 2023 and the IPO might list on September 2023.
| IPO Open Date: | September 12, 2023 |
| IPO Close Date: | September 14, 2023 |
| Basis of Allotment: | September 20, 2023 |
| Refunds: | September 21, 2023 |
| Credit to Demat Account: | September 22, 2023 |
| IPO Listing Date: | September 25, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Chavda Infra IPO Subscription Status
For the latest update on the Chavda Infra IPO, you can check this dedicated page for IPO subscription status.
Chavda Infra IPO Allotment Status
For the latest update on the Chavda Infra IPO, you can check this dedicated page for IPO allotment status.
Chavda Infra IPO Forms
For IPO form for the Chavda Infra IPO, you can check this dedicated page for IPO Forms.
Chavda Infra Company Financials
- Revenue: The company’s revenue grew from ₹177.8 crores in FY21 to ₹216.3 crores in FY23.
- Profit: The company’s profit was ₹14.3 crores in FY21 and ₹17.3 crores in FY23.
- Gross margin: The company’s gross margin was 32.2% in FY21 and 33.1% in FY23.
- Operating profit margin: The company’s operating profit margin was 12.8% in FY21 and 14.4% in FY23.
- Net profit margin: The company’s net profit margin was 8.0% in FY21 and 8.1% in FY23.
- Current ratio: The company’s current ratio was 1.32 in FY21 and 1.40 in FY23.
- Debt-to-equity ratio: The company’s debt-to-equity ratio was 0.24 in FY21 and 0.23 in FY23.
The company’s financial performance has been improving in recent years. The company’s revenue and profit have been growing steadily. The company’s gross margin and operating profit margin have also been improving. The company’s current ratio and debt-to-equity ratio are healthy.
However, the company is still a relatively small company and has not yet been profitable for a sustained period. The company also faces competition from other civil construction companies.
Investors should carefully consider the financials of Chavda Infra before investing in the IPO.
Here are some of the key risks to consider before investing in Chavda Infra IPO:
- The company is a relatively new company and has not yet been profitable for a sustained period.
- The company faces competition from other civil construction companies.
- The industry is cyclical and is subject to fluctuations in demand.
Company Promoters
- Mr. Mahesh Gunvantlal Chavda
Chavda Infra IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: cmr.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Company Address
Binori B Square 1,
Shop Np 304 – 307, 406 & 407,
Opp. Hathisingh Wadi,
Ambli – Bopal Road,
Ahmedabad – 380058
Phone – +91 79489 26087
Email : compliance@chavdainfra.com
Website: https://chavdainfra.com/
Chavda Infra IPO FAQs
Chavda Infra, is set to launch its initial public offering (IPO) on September 12, 2023. The IPO will close on September 14, 2023.
The IPO is to open on September 12, 2023.
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
You can apply for the Chavda Infra IPO through a broker or directly through the stock exchanges.
To apply through a broker, you will need to open a demat and trading account with the broker. Once you have opened the account, you can contact the broker to apply for the IPO.
To apply directly through the stock exchanges, you will need to have a trading account with a stock exchange. You can then log in to your trading account and apply for the IPO.
The minimum investment amount for the Chavda Infra IPO is ₹6000 (600 shares). The IPO will open on September 12 and close on September 14, 2023.
Here are the steps on how to apply for the Chavda Infra IPO through a broker:
Open a demat and trading account with a broker.
Contact the broker to apply for the IPO.
Provide the broker with your PAN number, bank account details, and investment amount.
The broker will then apply for the IPO on your behalf.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are the steps on how to apply for the Chavda Infra IPO directly through the stock exchanges:
Open a trading account with a stock exchange.
Log in to your trading account.
Go to the IPO section of the trading platform.
Select the Chavda Infra IPO.
Enter the number of shares you want to apply for and the subscription amount.
Submit the application.
You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
It is important to note that the IPO may be oversubscribed, which means that there may be more demand for shares than there are shares available. In this case, not all applicants will be allotted shares.
If you are allotted shares, you will be required to pay the full subscription amount within a few days of the allotment. The shares will then be credited to your demat account.
I hope this helps!
You can apply for the Chavda Infra IPO through Zerodha by following these steps:
Open the Zerodha Kite app.
Tap on the “Orders” tab.
Tap on the “IPO” tab.
Select the Chavda Infra IPO from the list of ongoing IPOs.
Enter the number of shares you want to apply for and the subscription amount.
Tap on the “Apply” button.
Enter your UPI ID and confirm the payment.
Your application will be submitted once the payment is successful. You will be allotted shares, if any, on the basis of the number of shares applied for and the subscription amount.
Here are some things to keep in mind when applying for the Chavda Infra IPO through Zerodha:
You must have a Zerodha trading account.
You must have sufficient funds in your bank account to make the payment.
The minimum investment amount for the Chavda Infra IPO is ₹6000 (600 shares).
The IPO will open on September 12 and close on September 14, 2023.