Chavda Infra IPO: GMP, price band, dates, and other key detail
₹60 to ₹65 per equity share of face value of ₹10 each. Chavda Infra IPO lot size is 2,000 equity shares and in multiples of 2,000 equity shares thereafter. Chavda Infra IPO, which is worth ₹43.26 crore, is completely a fresh issue of 6,656,000 equity share; there is no offer for sale (OFS) component.
The company plans to use the net proceeds from the offering to fund general corporate needs, working capital requirements, and public offering costs. Mahesh Gunvantlal Chavda, Dharmishtha Maheshkumar Chavda and Johil Maheshbhai Chavda are the promoters of the company. Chavda Infra IPO has reserved not more than 50% of the shares in the public issue for Qualified Institutional Buyers (QIB), not less than 15% for Non Institutional Investors (NII), and not less than 35% of the offer is reserved for Retail Investors.
The issue's book-running lead manager is Beeline Capital Advisors Pvt Ltd, while Jiwanram Sheoduttrai Industries IPO registrar is Kfin Technologies Ltd. Also Read: Pramara Promotions IPO allotment finalised: Latest GMP, here's how to check allotment status Within residential, commercial, and institutional projects in Gujarat, Chavda Infra Limited offers construction and related services. Chavda Infra is a member of the Chavda group, which includes the companies Chavda Infra, Chavda RMC, and Chavda Developers.
These companies offer services in the cities of Ahmedabad, Gandhinagar, and Rajkot. The listed industry peers of the company are PSP Projects Ltd and Ahluwalia Contracts (India) Ltd. Chavda Infra IPO share allotment will take place on Wednesday, September 20.
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