Business Standard

Chavda Infra Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

43.26 cr

Price Range (₹)

65

Lot Size

2000

Min Investment (₹)

1,30,000.00

Listing Exchange

NSE - SME

Open Date

12-Sept-2023

Close Date

14-Sept-2023

Listing Date

25-Sept-2023

Chavda Infra Ltd News

    The Shares of Chavda Infra Ltd have now been listed.

    Chavda Infra Ltd IPO Details

    Initial public issue of 6656000 equity shares of face value of Rs. 10/- each of Chavda Infra Limited (CIL or the Company or the Issuer) for cash at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share (the Issue Price) aggregating to Rs. 43.26 crores (The Issue), of which 336000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share aggregating to Rs. 2.18 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 6320000 equity shares of face value of Rs. 10/- each at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share aggregating to Rs. 41.08 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.63%, respectively, of the post issue paid up equity share capital of the company. the face value of the equity shares is Rs. 10/- each.

    Objective of issue

    To meet working capital requirements. General corporate purposes.

    Chavda Infra Ltd Contact Details

    Chavda Infra Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - compliance@chavdainfra.com

    Website - www.chavdainfra.com