Chavda Infra IPO subscription status started on September 12, 2023 and will close on September 14, 2023. Chavda Infra IPO to raise around ₹43.26 crores via IPO. The retail quota is 35% and QIB 50% and HNI is 15%. The price band is fixed at ₹60 to ₹65 per equity share.
Chavda Infra IPO Subscription Status
|bNII (bids above ₹10L)
|sNII (bids below ₹10L)
Chavda Infra IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Chavda Infra IPO Review
Chavda Infra is a Gujarat-based company that provides civil engineering and infrastructure construction services. The company was founded in 2008 and is headquartered in Ahmedabad.
The Chavda Infra IPO is a fresh issue of 66,56,000 equity shares of face value ₹10 each. The issue is priced at a band of ₹60-65 per share. The total proceeds from the IPO are estimated to be ₹40,036,000.
The company’s financial performance has been on an upward trajectory in recent years. In FY21, the company’s revenue was ₹91.31 crores and its net profit was ₹4.43 crores. In FY22, the company’s revenue grew to ₹162 crores and its net profit grew to ₹12 crores. In FY23, the company’s revenue is expected to be around ₹200 crores.
The company’s growth is being driven by the increasing demand for infrastructure development in the country. The company is also expanding its geographical reach, which is expected to contribute to its future growth.
The Chavda Infra IPO is open for subscription from September 13 to 15, 2023. The shares are expected to be listed on the NSE SME Exchange on September 25, 2023.
The issue is being managed by ICICI Securities and Axis Capital.
Here are some of the pros and cons of the Chavda Infra IPO:
- The company has a strong track record of financial performance.
- The infrastructure sector is growing rapidly.
- The company has a good order book.
- The company’s debt levels are high.
- The issue is priced at a premium to its peers.
- The company is a relatively new player in the market.
Overall, the Chavda Infra IPO is a good option for investors who are looking to invest in the infrastructure sector. However, the high debt levels and the premium pricing are some of the concerns that investors should keep in mind.
Here are some of the factors that investors should consider before investing in the Chavda Infra IPO:
- The company’s financial performance: The company has a strong track record of financial performance, with revenue and net profit growing steadily in recent years.
- The infrastructure sector: The infrastructure sector is growing rapidly, and the company is well-positioned to capitalize on this growth.
- The company’s debt levels: The company’s debt levels are high, which could be a concern for investors.
- The issue pricing: The issue is priced at a premium to its peers, which could also be a concern for investors.
- The company’s management team: The company has a strong management team with a proven track record.
Investors should carefully consider all of these factors before making a decision about whether or not to invest in the Chavda Infra IPO.
Here are some additional things to keep in mind:
- The grey market premium for the Chavda Infra IPO is around ₹30 per share. This means that investors are willing to pay ₹30 more for the shares than the issue price.
- The IPO is being subscribed well. On the first day of subscription, the issue was subscribed 6.55 times.
- The shares are expected to list at a premium on the NSE SME Exchange.
Overall, the Chavda Infra IPO is a good option for investors who are looking to invest in the infrastructure sector. However, investors should carefully consider the risks before making a decision.
Chavda Infra IPO Subscription Status FAQs
The allocation date is 20th September 2023 for Chavda Infra IPO.
Chavda Infra IPO is subscribed 17.97 times as on 13th September 2023,
Here is the step-by-step guide on how to check allotment status of Chavda Infra.
The Chavda Infra IPO will be listed on NSE SME on 25th September 2023.