{"id":3771,"date":"2023-09-12T12:12:53","date_gmt":"2023-09-12T06:42:53","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=3771"},"modified":"2024-08-26T12:43:24","modified_gmt":"2024-08-26T07:13:24","slug":"ipo-chavda-infra-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-chavda-infra-limited\/","title":{"rendered":"IPO : Chavda Infra Limited"},"content":{"rendered":"<h1>Chavda Infra Limited IPO<\/h1>\n<p>Incorporated in 2012, Chavda Infra Limited provides construction and allied services across residential, commercial, and institutional projects in Gujarat.<\/p>\n<p>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 \u20b9 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.<\/p>\n<ul>\n<li>\n<div class=\"col-md-12\">\n<ul>\n<li>\n<div id=\"ipoSummary\" class=\"collapse show\">\n<table style=\"height: 235px;\" width=\"828\">\n<tbody>\n<tr>\n<td width=\"1788\">\u00a0<strong>SYMBOL<\/strong><\/td>\n<td width=\"1790\"><strong>CHAVDA<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0ISSUE TYPE<\/strong><\/td>\n<td><strong>Book Built Issue IPO<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0ISSUE OPENS ON<\/strong><\/td>\n<td><strong>September 12, 2023 (Tuesday)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0ISSUE CLOSES ON<\/strong><\/td>\n<td><strong>September 14, 2023 (Thursday)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0ISSUE PRICE<\/strong><\/td>\n<td><strong>Rs.60 To Rs.65 per share<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0ISSUE SIZE<\/strong><\/td>\n<td><strong>Up to Rs.43.26 Crores<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0FACE VALUE<\/strong><\/td>\n<td><strong>Rs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Chavda Infra has three business verticals: Contracting Services, Development Services, and Commercial Renting Services.<\/p>\n<p>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&#8217;s Den, Nirma University (old Building), and Zydus School &amp; Excellence, being institutional projects. As of May 31, 2023, the company has 26 ongoing projects worth approximately \u20b9 60,139 lakhs. Out of 26 ongoing projects 4 are commercial Projects, 4 are institutional projects and 18 are residential projects.<\/p>\n<table style=\"height: 228px;\" width=\"825\">\n<tbody>\n<tr>\n<td width=\"1788\">\u00a0<strong>MINIMUM BID<\/strong><\/td>\n<td width=\"1790\"><strong>2000 shares<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\n<td><strong>Rs.1,30,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0MAXIMUM BID<\/strong><\/td>\n<td width=\"1790\"><strong>2000 shares<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\n<td><strong>Rs.1,30,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0PROMOTER HOLDING<\/strong><\/td>\n<td><strong>73.00 % (Post-issue)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0LISTING DATE<\/strong><\/td>\n<td><strong>September 25,2023 (Monday)<\/strong><\/td>\n<\/tr>\n<tr>\n<td><strong>\u00a0LISTING AT<\/strong><\/td>\n<td><strong>NSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>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.<\/p>\n<p>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.<\/p>\n<div class=\"col-md-12\">\n<h2 class=\"border-bottom\">Objects of the Issue<\/h2>\n<p>The company intends to utilize the net proceeds from the issue towards the funding of the following objects:<\/p>\n<ol>\n<li>To Meet Working Capital Requirements,<\/li>\n<li>General corporate purposes, and<\/li>\n<li>To meet Public Issue Expenses.<\/li>\n<\/ol>\n<\/div>\n<div class=\"col-md-12 mb-3\"><\/div>\n<\/div>\n<\/li>\n<li>SMART IPO using UPI, you can now apply online<br \/>\n<strong>For Existing Clients :\u00a0<a href=\"https:\/\/gudwil.in\/IPO\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/gudwil.in\/IPO<br \/>\n<\/a>Open an account : \u00a0<a href=\"https:\/\/gudwil.in\/smart\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/gudwil.in\/smart<\/a><\/strong>Further any clarification, feel free to contact your Branch \/ Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999Warm Regards,<br \/>\nTeam Goodwill<strong>DISCLAIMER :<\/strong>\u00a0Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @<strong>\u00a0<a href=\"https:\/\/www.gwcindia.in\/Disclaimer\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.gwcindia.in\/Disclaimer<\/a><\/strong><\/li>\n<\/ul>\n<\/div>\n<div class=\"col-md-12 mb-3\"><\/div>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Chavda Infra Limited 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 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":3772,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[117],"tags":[],"class_list":["post-3771","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-ipo","post_format-post-format-image"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/comments?post=3771"}],"version-history":[{"count":0,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/posts\/3771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media\/3772"}],"wp:attachment":[{"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/media?parent=3771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/categories?post=3771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gwcindia.in\/blog\/wp-json\/wp\/v2\/tags?post=3771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}