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Chavda Infra SME IPO
Chavda Infra Limited
₹1,20,000 /2000 sharesMinimum Investment
Chavda Infra SME IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Sep ‘23 - 14 Sep ‘23 | ₹1,20,000 | 2,000 | ₹60 - ₹65 |
| Issue Size | IPO Doc |
|---|---|
| 43.26Cr | RHP PDF |
About Chavda Infra SME
Founded in
2012
Managing director
Mr. Mahesh Gunvantlal Chavda
Parent organisation
Chavda Infra Limited
Strengths & Financials of Chavda Infra SME
Strengths
Risks
As of May 31, 2023, Chavda Infra is managing 26 ongoing projects with a total value of approximately Rs. 60,139 lakhs.
As of March 31, 2023, their equipment fleet consists of 332 machinery and equipment.
The company aims to expand its business by increasing orders beyond Gujarat and extending its geographical reach.
Their project portfolio includes 147 projects in Gujarat, encompassing Residential, Commercial, Industrial, and Institutional developments.
Up to March 31, 2023, they have successfully completed 81 residential projects, including Applewood, The 31st, Shivalik Sharda Harmony, Ratnakar Verte, Straft Luxuria, Anantra Alpines, Avant, Shivalik Residencies, Solitaire Sky, Shivalik Parkview, Saral Sky Suits, and Decora Sky Hills in Rajkot.
The company has also undertaken significant institutional projects in the past, including the construction of the Girls Hostel for Nirma University, Hiramani Aarogyadham, Zydus School of Excellence, Toddler’s Den School, and Dr. Munshi Hospital.
Starting from 2022, the company has diversified into a new business vertical known as re-development. They are currently engaged in the 'Manali Apartment' project in Ahmedabad. This project involves the development of 42 residential flats with a saleable carpet area of 7079 square meters.
Chavda Infra relies heavily on a small number of customers for its sales, and losing any significant customer could harm its revenues and profitability. In the years ending on March 31, 2023, 2022, and 2021, the top ten customers accounted for 73.96%, 81.03%, and 81.28% of total sales, respectively.
Similarly, the company depends on a few key suppliers for its product purchases, and the loss of any of these major suppliers could disrupt its business operations. In the years ending on March 31, 2023, 2022, and 2021, the top ten suppliers contributed 48.44%, 42.75%, and 53.09% of total purchases, respectively.
The company currently faces ongoing legal disputes, and an unfavorable outcome could adversely affect its business.
The company has accumulated debt of Rs. 5,328.95 lakhs as of March 31, 2023.
The company holds unsecured loans of Rs. 534.98 lakhs from company directors, repayable upon demand.
The company also has secured outstanding debt of Rs. 4,793.97 lakhs as of March 31, 2023, with assets serving as collateral for the lenders.
The company experienced negative cash flow from operating activities in recent years.
Chavda Infra SME Financials
*All values are in Rs. Cr
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Application Details of Chavda Infra SME IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹60 - 65 | ₹2 - 5 Lakh |
| High Networth Individual | ₹60 - 65 | ₹2 - 5 Lakh |
For Chavda Infra SME IPO, eligible investors can apply as Regular.