31 Mar 2021
Assets86.68
Total Income91.31
Profit After Tax4.44
NET Worth13.14
Reserves and Surplus11.64
Total Borrowing33.30
At a glance
Updated 2026-09-16The shares listed at ₹91.00, a 40.00% move from the issue price. Chavda Infra is a SME IPO with an issue size of ₹43.26 crore, proposed for listing on NSE SME. The offer opens on 12th Sep 2023 and closes on 14th Sep 2023. The issue structure includes a fresh issue of ₹41.08 crore. The current listing schedule points to 25th Sep 2023.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹43.26 Cr
Fresh issue₹41.08 Cr
Face value₹10
Price band₹60.00–₹65.00
Allotment20th Sep 2023
Listing25th Sep 2023
Listing performance
Full performance ↗Issue price₹65.00
Listing price₹91.00
Current price—
Listing gain40.00%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹60.00
GMP / upper price92.31%
Est. listing₹125.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens12th Sep 2023
Closes14th Sep 2023
Allotment20th Sep 2023
Refund21st Sep 2023
Demat22nd Sep 2023
Listing25th Sep 2023
Subscription demand
Full bidding ↗Total180.06×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹130,000 |
Company
Incorporated2012
Use of proceeds
| Object | Amount |
|---|---|
| To Meet Working Capital Requirements | ₹27.00 Cr |
| General corporate purposes | ₹10.80 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue162.03₹ Cr · +47.5% vs prior year
PAT12.05₹ Cr · +131.3% vs prior year
Assets154.24₹ Cr · +41.8% vs prior year
Net Worth30.40₹ Cr · +65.6% vs prior year
Borrowing53.29₹ Cr · +6.7% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets108.81
Total Income109.88
Profit After Tax5.21
NET Worth18.36
Reserves and Surplus16.86
Total Borrowing49.93
31 Mar 2023
Assets154.24
Total Income162.03
Profit After Tax12.05
NET Worth30.40
Reserves and Surplus12.40
Total Borrowing53.29
KPIs
| KPI |
|---|
| ROE |
| ROCE |
| Debt / Equity |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS6.69
Pre-IPO P/E9.72
Post-IPO P/E13.29
Promoter holding pre100%
Promoter holding post73%
Market cap₹160.26 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Chavda Infra IPO | — | 13.29 x | — | — |
| Teamtech Formwork IPO | — | 16.29 x | — | — |
| Justo Realfintech IPO | — | 15.69 x | — | — |
| NACDAC Infrastructure IPO | — | 14.28 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Manger Fees including Underwriting Commission | ₹2.85 Cr |
| Fees Payable to the Advisor to Issue | ₹0.22 Cr |
| Fees Payable to Registrar to the Issue | ₹0.01 Cr |
| Fees Payable Advertising, Marketing Expenses and Printing Expenses | ₹2.14 Cr |
| Fees Payable to Regulators including Stock Exchanges and other Intermediaries | ₹0.17 Cr |
| Fees payable to Peer Review Auditor | ₹0.01 Cr |
| Fees payable to Market Maker (for Two Years) | ₹0.06 Cr |
| Escrow Bank Fees | ₹0.01 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
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