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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹43.26 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹43.26 Cr |
| Fresh Issue | ₹41.08 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹60.00-65.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | CHAVDA |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
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 ongoing projects worth approximately ₹ 60,139 lakhs. Out of 26 ongoing projects 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.
Chavda Infra is ISO 9001:2015 certified for quality management systems by BCQ Assessment Private Limited. The quality certification is for the construction of commercial, residential, and institutional buildings.
The company has more than 250 employees and recorded revenue from operations of Rs. 16,188.57 Lacs for the year ended on March 31, 2023.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 27.00 |
| 2 | General corporate purposes | 10.80 |
| 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 | |||
| KPI | |
|---|---|
| ROE | 49.41% |
| ROCE | 43.62% |
| Debt / Equity | 1.75% |
| RoNW | 39.62% |
| PAT Margin | 7.44% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 6.69 | |
| P/E (x) | 9.72 | 13.29 |
| Promoter Holding | 100.00% | 73% |
| Market Cap | ₹160.26 Cr. | |
