Chavda Infra Ltd IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

IPO Details

Bidding Dates

11 Sep '23 - 13 Sep '23

Minimum Investment

₹130,000 / 1 Lots( 2000 Shares)

Price Range

₹60 - ₹65

Maximum Investment

₹130,000 / 1 Lots( 2000 Shares)

Retail Discount

Not Applicable

Issue Size

₹43.26 Cr

Investor category and sub category

Qualified Institutions Buyers | Non-Institutional Investors | Retail Investors |

Chavda Infra Ltd IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Sep 11, 2023

IPO Closing Date

Sep 13, 2023

Basis of Allotment

Sep 19, 2023

Initiation of Refunds

Sep 20, 2023

Credit of Shares to Demat Account

Sep 21, 2023

IPO Listing Date

Sep 24, 2023

UPI mandate confirmation

Sep 13, 2023

Chavda Infra IPO Subscription Details

Date	QIB	NII	Retail	Total
Day 1Sep 11, 2023	3.50	4.31	9.26	6.55
Day 2Sep 12, 2023	13.86	10.22	30.69	21.50
Day 3Sep 13, 2023	95.10	241.96	202.07	180.06

Chavda Infra IPO Subscription Live Status

Investor Category	Subscription (Times)
Qualified Institutions Buyers	95.10
Non-Institutional Investors	241.96
Retail Investors	202.07
Total	180.06

About Chavda Infra Ltd

Chavda Infra Limited is an integrated civil construction company which was incorporated in 2012. The company offers a diversified range of construction and allied services across residential, commercial and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company provides its services to clients in the construction value chain, from planning and design to construction and post-construction activities.

In the past years, the company has successfully executed over 100 projects valued at ₹67,099.45 lakh. The company has 26 ongoing projects worth approximately ₹60,139 lakh as of May 31, 2023. This indicates a strong order book. Out of 26 ongoing projects, 4 are commercial Projects, 4 are institutional projects, and 18 are residential projects.

The company operates in the infrastructure industry, which is key to economic development. The company’s business may witness growth in the coming year as capital investment allocation for infrastructure in the Budget 2023–24 was raised by 33% to ₹10 lakh crore.

Chavda Infra Limited IPO Details

Chavda Infra Limited IPO Date

Chavda Infra Limited is a fresh issue IPO comprising 66,56,000 shares. It is a fixed price Issue IPO. Retail investors can bid for the Chavda Infra Limited IPO. The issue will open on September 12, 2023, and close on September 14, 2023.

Chavda Infra Limited IPO Price Band

The price range of the IPO has been fixed at ₹60-₹65 per share.

Chavda Infra Limited IPO Lot Size

The Chavda Infra Limited IPO lot size is 2,000 shares, and the minimum investment will be ₹1,30,000.

Chavda Infra Limited IPO Objectives

The objectives of Chavda Infra Limited IPO are listed below:

For working capital requirements.
For general corporate purposes.

Peer Details

Some of the major peers of Chavda Infra Limited include the following:

PSP Projects Limited
Ahluwalia Contracts (India) Limited

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Validate with an OTP
Enter your application number, DP ID, and PAN number into the app.
Click on ‘Submit’

Contact Details of Chavda Infra Limited

Registered office: 304 to 307, 406, 407 B Square I, Near Neptune House, IsconAmbali BRTS Road Ahmedabad- 380058, Gujarat, India

Phone: +91 079 4892 6087

E-mail: compliance@chavdainfra.com

Chavda Infra Limited Company Financials

Particulars	Period Ending on March 31st, 2023 (₹ in lakh)	Period Ending on March 31st, 2022 (₹ in lakh)	Period Ending on March 31st, 2021 (₹ in lakh)
Total Income	16,203.377	10,987.68	9,131.05
Profit After Tax (PAT)	1,204.62	521.46	443.84
Assets	15,424.40	10,880.79	8,668.11
Total Borrowing	5,328.95	4,993.14	3,330.32

Know before investing

Strengths

The company considers its execution capabilities, which include internal solid operations made up of design, engineering, procurement, construction, and quality assurance teams, to be an essential aspect of the success of the company's expansion strategy.
The order book is a crucial catalyst to gauge the performance of an infra company as it represents a portion of anticipated future revenue. The business has a respectable order book. However, its approach isn't only about extending the order book; it's also about adding high-quality projects with potential for greater profits and prestigious projects that support its expanding reputation.
Going forward, the company continues to focus on cementing project execution capabilities to derive twin benefits of client satisfaction and improvements in operating margins.
The company would also be focused on expanding its geographical footprint and growing its business by increasing orders from outside of Gujarat.

Risks

The company generates its entire revenue from Gujarat, which signifies the heavy dependence. Any unforeseen event in the state could hamper the operational and financial position.
Sales for the company are reliant on a select few clients. Any significant customer loss could have an impact on sales and profitability.
The raw material pricing plays a significant role in the business. Any adverse movement in the pricing of raw materials could increase the project cost and impact the profitability of the business.
The company's operations require a lot of capital and rely heavily on the availability of financing. Limited funding may be available due to difficult conditions in the global economy and capital markets, which could have a negative impact on company operations and business results.