₹91 per share, 40% higher than the issue price of ₹65. However, after a strong debut the Chavda Infra shares were locked at 5% lower circuit. Chavda Infra IPO opened for subscription on Tuesday, September 12, and closed on Thursday, September 14.
Chavda Infra IPO price band was fixed in the range between ₹60 to ₹65 per equity share of face value of ₹10 each. Also Read: Digikore Studios IPO opens today: GMP, review, other details about NSE SME issue 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 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 Chavda Infra IPO registrar is Kfin Technologies Ltd.
The listed industry peers of the company are PSP Projects Ltd and Ahluwalia Contracts (India) Ltd. Exciting news! Mint is now on WhatsApp Channels :rocket: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! https://whatsapp.com/channel/0029Va91YSeGehEM6oMesj3d Chavda Infra IPO GMP today or grey market premium is +60 similar to previous eleven trading session. This indicated Chavda Infra share price were trading at a premium of ₹60 in the grey
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