Chavda Infra Limited IPO : Key Information

Chavda Infra Limited IPO is set to launch on 8 September, 2023. The company initiated its business operations in the year 2012. The company provides construction services for industrial, residential and institutional projects. It has successfully delivered more than 100 projects equivalent to 67099 Lakh Rs. Chavda Infra’s business functions in 3 groups: Development Services, Contracting Services and Commercial Renting Services. Some of the famous projects in Ahmedabad include Shivalik Parkview, Straft Laxuria, Shivalik Sharda Harmony etc. There are currently 26 projects out of which 4 are commercial, 18 are residential projects and 4 are institutional projects. 

Chavda Infra Limited IPO DETAILS

Chavda Infra Limited IPO is set to launch on 12 September, 2023. The subscription timeline extends till 14 September, 2023. The size for the IPO is 43.26 Crore Rs. Shares issued through fresh issue mode are worth 43.26 Crore Rs. No shares are issued through offer for sale mode. The lot size is 2000 shares and the price is 60 to 65 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Chavda Infra Limited IPO

IPO OPENING DATE	12 September, 2023
CLOSING DATE FOR IPO	14 September, 2023
ISSUE TYPE	Fixed Price Issue
Face Value per share	10 Rs. per share
IPO price band	60 to 65 Rs per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	43.26 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	43.26 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	25 September, 2023

Chavda Infra Limited IPO : IMPORTANT DATES

IPO OPENING DATE	12 September, 2023
CLOSING DATE FOR IPO	14 September, 2023
IPO ALLOTMENT DATE	20 September, 2023
REFUNDS	21 September, 2023
DEMAT A/C CREDITED ON	22 September, 2023
IPO LISTING DATE	25 September, 2023

Chavda Infra Limited IPO begins for subscription from 12 September, 2023. The IPO subscription would continue till 14 September, 2023. The allotment status for the shareholders who applied would come on 20 September, 2023. The refunds for the ones who did not get allotment would be initiated on 21 September, 2023. The DEMAT accounts of shareholders would be credited on 22 September, 2023. The listing of the company would be completed on 25 September 2023.

Chavda Infra Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 130000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 260000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	130000 Rs.
Maximum	4000 shares	260000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	8668	10880	15424
Revenue	9131	10987	16203
PAT	443	521	1204

Chavda Infra Limited had an asset base of 8668 Lakh Rs in 2021 which increased to 10880 Lakh Rs in 2022. The asset base of the year 2023 was 15424 Lakh Rs. The revenue of the firm was 9131 Lakh Rs in 2021 which increased to 10987 Lakh Rs in 2022 and 16203 Lakh Rs in the year 2023. The company’s profit growth has been amazing. The profit for the year 2021 was 443 Lakh Rs which increased to a mighty 521 Lakh Rs in 2021 and 1204 Lakh Rs in 2023.

PROS

• It has successfully delivered more than 100 projects equivalent to 67099 Lakh Rs.
• Chavda Infra’s business functions in 3 groups: Development Services, Contracting Services and Commercial Renting Services.
• Some of the famous projects in Ahmedabad include Shivalik Parkview, Straft Laxuria, Shivalik Sharda Harmony etc. There are currently 26 projects out of which 4 are commercial, 18 are residential projects and 4 are institutional projects.

CONS

• The company works in a highly competitive segment.

Chavda Infra Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Chavda Infra Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.