Chavda Infra IPO Allotment Status:- The Chavda Infra IPO’s subscription period ran from Tuesday, September 12, 2023, until Wednesday, September 14, 2023. The Chavda Infra IPO would raise about 43.26 crores. The retail quota is 35%, NII is 15%, and QIB is 50%. The price per equity share is establish at between 60 and 65 dollars.
On September 20, 2023, the Chavda Infra IPO Allotment Status will be finish. The Chavda Infra IPO Refund will take place on September 21, 2023. Shares from the Chavda Infra IPO will be credit to your Demat account on September 22, 2023, and the company will list on the stock market on September 25, 2023.
Chavda Infra IPO Allotment Status
The Chavda Infra IPO price range has been set at 60 to 65 rupees per equity share with a face value of 10 rupees each. The minimum lot size for the Chavda Infra IPO is 2,000 equity shares, and subsequent lots are sold in multiples of 2,000 equity shares. There is no offer for sale (OFS) component among the 6,656,000 equity shares allocate as part of the Chavda Infra IPO Allotment Status, which totals 43.26 crore. The net proceeds from the offering will be utilized by the Company for general corporate purposes, working capital requirements and relate costs.
The promoters of the business are Mahesh Gunvantlal Chavda, Dharmishtha Maheshkumar Chavda, and Johil Maheshbhai Chavda. The issue receive a positive response from individual investors, whose part set was subscribe 202.07 times, non-institutional buyers, whose portion set was subscribe 241.96 times, and QIBs, whose portion was subscribe 95.10 times, according to the Chavda Infra IPO Allotment Status on Chittorgarh.com at 18:51 IST.
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Chavda Infra IPO Allotment Status Details
| Article Name | Chavda Infra IPO Allotment Status: Refund & Listing Date |
| Category | Government Scheme |
| Official Site | Check Here |
| Opening Date | September 12, 2023 |
| Closing Date | September 14, 2023 |
| Chavda Infra Issue Price | INR 60 – 65 per share |
| Fresh issue | 66,56,000 shares
INR 39.94 – 43.26 crore |
| Offere For Sale | NIL |
| Total IPO size | 66,56,000 shares
INR 39.94 – 43.26 crore |
| Minimum bid (lot size) | 2,000 shares
INR 1,20,000 – 1,30,000 |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| QIB | 50%, |
| NII | 15% |
| Basis of Allotment | September 20, 2023 |
| Initiation of Refunds | September 21, 2023 |
| The credit of Shares to Demat | September 22, 2023 |
| Listing Date | September 25, 2023 |
| Listing On | NSE SME |
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Chavda Infra IPO GMP Check
The +58 grey market premium for the Chavda Infra IPO Allotment Status today is the same as the +58 premium from the prior trading session. This reveals that, according to topsharebrokers.com, the Chavda Infra share price was trading at a premium of 58. When the top bound of the IPO price range and the grey market premium are taken into account, the project listing price of Chavda Infra shares is 123 per share, which is 89.23% more expensive than the 65 price of the initial public offering.
A strong listing is predict, and the GMP trend for IPOs is up. TopShareBrokers.com reports that the lowest GMP is $20 and the highest is $58. The phrase “grey market premium” denotes investors’ readiness to pay more than the issue price. For the Chavda Infra IPO, the minimum market lot is 2,000 shares with a 130,000 application amount. The Chavda Infra IPO, an NSE SME IPO, will be list on the NSE.
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How To Check Chavda Infra IPO Allotment Status Online?
The procedures below may be use to verify the Chavda Infra IPO Allotment Status for Chavda Infra Limited:
- Visit the website of the stock exchange or registrar where Chavda Infra shares are list.
- Look for the section under “IPO Allotment Status.”
- Enter your Application ID and Permanent Account Number (PAN).
- It is necessary to click the “Submit” or “Check Allotment” button.
- The Result will show how many shares you were given and what price they were given to you.
- Once the IPO shares are published, any shares you were award will be credit to your demat account.
Objectives Chavda Infra Limited IPO
- For working capital requirements.
- For general corporate purposes.
Chavda Infra IPO Shares Offer
Chavda Infra is issuing 66,56,000 equity shares to the general public. 1,548,400 shares are available for individual investors, 2,212,000 shares are available for QIB, 6,63,600 shares are available for non-institutional investors.
- RII : 35%
- QIB : 50%
- NII : 15%
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Chavda Infra IPO Review
The firm’s order book is fully commit. The Chavda Infra IPO Allotment Status pricing of the issue appears fair base on FY23. It now has 601 crore rupees in active projects. Contributing editor at Chittorgarh.com, Dilip Davda, says that investors can consider depositing assets for medium- to long-term benefits.
The company operates in the vital infrastructure area for economic growth. The company’s business may grow in the next year since the capital investment budget for infrastructure in the Budget 2023–24 was boost by 33% to 10 lakh crore.
Chavda Infra IPO Allotment Status FAQ’S
How do I know if my IPO is allot?
The IPO allotment status can be check via the website of the registrar. It can also be check on the websites of the NSE or the BSE. You will need the PAN and DPID/Client ID number or the bid application number for the IPO allotment status check.
How do I check my IPO allotment status on grow?
Go to the website’s IPO status page, you will see a drop-down menu that says ‘Select Menu’. Select the IPO allotment status that you want to check. Choose one of the three identity options—Application Number, DPID/Client ID, or PAN. Select the Application type.
At what time IPO shares are allot?
The registrar of the issue uploads the allotment results to its website, where investors can check the status of their allotment by entering the PAN number, IPO application number or demat account number. The IPO allotment should be complete within five business days of the closing of the offering.
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