Chavda Infra Limited is about to launch an IPO which will open on September 12, 2023, and close on September 14, 2023. Through this public offer company wants to raise Rs. 43.29 crore from the primary market, according to the preliminary papers filed to the capital market regulator SEBI.
CHAVDA INFRA is an Ahmedabad civil Construction Company, primarily focused on construction and allied services across the domestic, commercial, and institutional projects in the state of Gujarat and also provides services across the construction value chain from planning, and designing to post-construction activities. The company has completed more than 100 projects worth Rs. 670 crores and currently more than 25 commercial and residential are ongoing projects.
Some of the project names are as under:
- Straft Laxuria
- Shivalik Parkview
- Sadbhav House
- Zydus School and excellence
In the fiscal year 2023, the company generated Rs. 161 Crore in revenue from operations, and Rs. 109 crore in the fiscal year 2022.
#Object of Chavda Infra IPO
The company proposed to use the IPO Funds for the below-mentioned purposes:
- Rs. 27 crore of the total net proceeds fund will be used to meet the working capital requirement.
- The rest funds will be used for general corporate and issue purposes.
#Chavda Infra Strength
- Experienced promoters and Management team
- End to end execution capabilities
- Visible growth
- Optimal utilization of resources
- Long standing relationship with customer
#Chavda Infra Forward Statements
- Destruction of company services
- Failure to attract/retain the good talent
- Failure to comply with the regulations and in obtaining approval/license/registration.
- Conflicts of interest with affiliated companies, group companies etc.
- Effect of lack of infra facilities.
#Chavda Infra IPO Review & Rating
| Issue Size | Rs. 56.55 crore (Fresh Issue) |
| Issue Price | Rs. 65 per share |
| Lot size | 2000 share |
| Market Capitalization | 160.26 crore |
| Profit – 2023 | 12.05 crore |
| Total Assets – 2023 | 154.24 crore |
| Debt/Equity ratio | 0.91 |
| NAV Value | 16.89 |
| Promoter holding | 100 |
| Listing on Stock Exchanges | SME Platform of NSE |
| IPO Deliver Rating | Five |
#Chavda Infra IPO Dates, Price Band, Lot Size & Details
| Type of issue | Fresh Issue (Book Built issue) |
| Issue Size | Rs. 43.26 crore |
| Price band | Rs. 60-65 |
| Lot size | 2000 share |
| Face Value | Rs. 10 equity shares |
| IPO Open | September 12, 2023 |
| IPO Close | September 14, 2023 |
| IPO Allotment Date | September 20, 2023 |
| Refund Date | September 21, 2023 |
| Listing Date | September 25, 2023 |
| Fresh issue (FOR PUBLIC) | 66,56,000 shares |
#Chavda Infra Financials Review (Lakhs)
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021
|
| Revenue from operation | 16,188.57 | 10,982.24 | 9,123.79 |
| Net Worth
|
3,040 | 1,835.74 | 1,314.28 |
| Profit after Tax (PAT)
|
1,204.62 | 521.46 | 443.84 |
| Total borrowings
|
5,328.95 | 4993.14 | 3,330.32 |
#Chavda Infra IPO Quantitative Factors
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Basic EPS | 6.69 | 2.90 | 2.47 |
| Diluted EPS | 6.69 | 2.90 | 2.47 |
| Industries P/E Ratio | 19.03 Avr. | ||
| RoNW | 39.62% | 28.41% | 33.77% |
| NAV | 16.89 | 10.20 per share | 7.30 |
#Chavda Infra IPO Industry peer
There are listed companies available that work in the same segment in India.
| Company | EPS | NAV | RoNW | P/E |
| PSP Project Ltd. | 36.95 | 222.17 | 16.63% | 18.16 |
| Ahluwalia Contracts Ltd | 28.98 | 183.59 | 15.79% | 19.90 |
#Chavda Infra Company Promoter Details
- Mr. Mahesh Chavda
- Mr. Johil Chavda
- Mr. Dharmishta
- Pre-offer shareholding 100% (17999300 equity shares) Post-offer shareholding: 73%
- The average cost of acquisition for promoter: Rs. 0.42 & 0.02 per equity share.
#Chavda Infra IPO Pre-offer and Post-Offer Promoters shareholding
Pre-offer promoter & promoter group shareholding 100%
Post-offer promoter & promoter group shareholding 73%
#Chavda Infra IPO Reservation
Special reservation for market makers up to 3,36,000 Equity Shares or 05.05% of the issue size
QIB: Not more than 50% of the offer size i.e 31,60,000 Equity shares
NII: Not less than 15% of the offer size i.e 9,48,000 Equity shares
Retail investor (RII): Not less than 35% of the offer size i.e 22,12,000 equity shares
#Chavda Infra IPO – DRHP & RHP
Draft Red Herring Prospectus (DRHP) – Click to view/download
Red Herring Prospectus (RHP) – Click to view/download
#Chavda Infra IPO Registrar
Kfin Technologies Limited
Regd. Off: Selenium Tower-B, Plot 31 & 32, Gachibowli Financial District, Nanakramguda, Serilingampally Hyderabad – 500 032, Telangana
Tel: +91 4067162222 Email: chavdainfra.ipo@Kfintech.com
Website: www.Kfintech.com
#Chavda Infra IPO lead manager
Beeline Capital Advisors Private Limited
Regd. Office: : B 1311-1314, Thirteenth Floor, Shilp Corporate Park, Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054, Gujarat, India
Tel: +91-7948405357, Email: ig@beelinemb.com
Website: www. beelinemb.com
#Chavda Infra IPO Application
Option-1 Apply for IPO through Internet Banking
- Log into your bank account.
- In the invest Tab, you will see ASBA, click on it.
- Choose to apply for IPO and select the ongoing IPO “Chavda Infra Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
- After the above steps the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker
- Log into your broker account (Upstox/Zerodha etc.)
- Click on the IPO tab and select the ongoing IPO “Chavda Infra Limited”
- Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
- Visit the nearest branch of your bank
- Fill out the ASBA form and submit it with KYC details
- Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
#Chavda Infra Company Details
Chavda Infra Limited (Registered on October 08, 2012)
Regd. Office: 304 to 307, 406, 407, B Square I, Near Neptune House, Iscon- Ambali BRTS Road Ahmedabad- 380058, Gujarat
Tel: +91 794892 6087 & Email: compliance@chavdainfra.com
Website: www.chavdainfra.com
Investor Grievances/Compliance Officer: Ms. Himani Mayur Upadhya
Group/Subsidy Companies:
M/s. Chavda Developers Private Limited
#Chavda Infra Company Board (Top-3)
Mr. Mahesh Chavda (66), Managing Director and Chairman
Mr. Johil Chavda (34), Whole-Time Director
Mrs. Dharmishta Chavda (57), Executive Director
# Chavda Infra IPO – Frequently Asked Questions (FAQ’s)
Q-1 what is Chavda Infra IPO Open date?
Ans: Chavda Infra IPO opening date is September 12 – September 14, 2023.
Q-2 what is Chavda Infra IPO Close date?
Ans: Chavda Infra IPO opening date is September 14, 2023
Q-3 what is Chavda Infra IPO Listing date?
Ans: Chavda Infra IPO opening date is September 25, 2023
Q-4 What is Chavda Infra IPO Minimum investment amount?
Ans: Chavda Infra IPO minimum investment amount is Rs. 1,30,000.
Q-5 What is Chavda Infra IPO offer issue Size?
Ans: Chavda Infra offer an issue size of Rs. 43.26 crore, which comprise fresh issue only.
Q-6 What is Chavda Infra IPO Price Band?
Ans: Chavda Infra IPO price band is Rs. 60 – 65 per share.
Q-7 Is any similar segment/sector listed company in India?
Ans: Yes
Q-8 Is this mainboard IPO or SME IPO?
Ans: Chavda Infra IPO is an SME IPO.
Q-9. What is Chavda Infra’s promoter name?
Ans: Chavda Infra’s Promoter Company name is Mr. Mahesh Chavda, Mrs. Dharmishta Chada, and Mr. Johil Cavda.
Q-10 Chavda Infra IPO Rating by IPO Deliver Team?
Ans: Five Rating
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