Chavda Infra IPO opens on September 12, price band set at Rs 60-65 per share

On September 12, Chavda Infra of Gujarat will open up subscriptions for their Rs 43.26 crore IPO at a price range of Rs 60 to Rs 65 per share.

The construction firm is solely issuing new shares of stock (totaling 66.56 million) as part of the IPO.

Consequently, the company plans to use the full Rs 27 crore in working capital requirements, as well as the balance proceeds for general corporate purposes and issue expenses.

The remaining 63.2 million shares were issued after the business reserved 3.36 million for the market maker. The company provides construction and allied services for both commercial and residential projects in Gujarat.

Approximately 50% (31.6 lakh shares) of the net issue size will be sold to qualified institutional buyers, 15% (9.48 lakh shares) will be sold to high net worth people, and the remaining 35% (22.12 lakh shares) will be sold to retail investors.

After the offer is complete, the total issue will account for 27% of the company's paid-in equity. On September 14th, the promotion will end.

boAt Rockerz 255 Neo in-Ear Bluetooth Neckband with Mic with ENx Tech

boAt Rockerz 330 Pro in-Ear Bluetooth Neckband with 60HRS

Since its founding in 2012, this provider of contract construction services has completed projects totaling Rs 670.99 crore. As of May 2023, the company has 26 active projects with a total estimated value of Rs 601.39 crore. These include 4 commercial projects, 4 institutional projects, and 18 residential projects.

By September 20th, the Chavda group company based in Ahmedabad will have finalized the basis of allotment of IPO shares, and by September 22nd, the equity shares will have been credited to the demat accounts of successful investors.

According to the IPO timetable, equity shares will begin trading on the NSE Emerge on September 25.

Merchant banker Beeline Capital Advisors and offer registrar Kfin Technologies.

Also read :- Top 4 UPI players have 95% share in overall transactions