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Open
12 Sep 2023
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Close
14 Sep 2023
3
Allotment
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Listing
Mon, Sep 25, 2023
Price Band
₹60 to ₹65
Issue Size
66,56,000 shares (agg. up to ₹43 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Sep 25, 2023
Latest GMP
₹60
Est. Gain
92.31%
✦ AI Insight
GMP Trend
25-09-2023₹60Est. ₹125+92.31%
24-09-2023₹60Est. ₹125+92.31%
23-09-2023₹60Est. ₹125+92.31%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 124.09x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 154.24 | 108.81 | 86.68 |
| Total Income | 162.03 | 109.88 | 91.31 |
| Profit After Tax | 12.05 | 5.21 | 4.44 |
| NET Worth | 30.40 | 18.36 | 13.14 |
| Reserves and Surplus | 12.40 | 16.86 | 11.64 |
| Total Borrowing | 53.29 | 49.93 | 33.30 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vishnu Prakash R.Punglia Ltd. | Mainboard | ₹308.61 Cr | ₹99 | 13.61 | ₹145.70 | +47.17% | ₹25.40 (-1.86%) |
| Udayshivakumar Infra Ltd. | Mainboard | ₹66.00 Cr | ₹35 | 9.67 | ₹31.50 | -10.00% | ₹22.06 (-0.04%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 27.00 |
| 2 | General corporate purposes | 10.80 |
About Chavda Infra IPO
Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat. Chavda Infra is a part of the Chavda group, which consists of 3 businesses, Chavda Infra, Chavda RMC, and Chavda Developers, providing services in Ahmedabad, Gandhinagar, and Rajkot. The company has delivered more than 100 completed projects worth ₹ 67,099.45 Lakhs in Residential Properties, Commercial Properties, Institutional Infrastructures, etc. The company provides services ranging from planning and design to construction and post-construction activities. Chavda Infra has three business verticals: Contracting Services, Development Services, and Commercial Renting Services. The company has constructed some of the well-known buildings in Ahmedabad namely Straft Laxuria, Shivalik Parkview, and Shivalik Sharda Harmony, being residential projects. AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire, and Solitaire Connect, being commercial projects. AIS Toddler's Den, Nirma University (old Building), and Zydus School & Excellence, being institutional projects. As of May 31, 2023, the company has 26
Contact Details
Chavda Infra Ltd. Address304 to 307, 406, 407 B Square INear Neptune House, IsconAmbali BRTS RoadAhmedabad, Gujarat, 380058079 4892 6087compliance@chavdainfra.comVisit Website