Chavda Infra Ltd - IPO

Chavda Infra Ltd IPO Details

Initial public issue of 6656000 equity shares of face value of Rs. 10/- each of Chavda Infra Limited (CIL or the Company or the Issuer) for cash at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share (the Issue Price) aggregating to Rs. 43.26 crores (The Issue), of which 336000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share aggregating to Rs. 2.18 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 6320000 equity shares of face value of Rs. 10/- each at a price of Rs. 65/- per equity share including a share premium of Rs. 55/- per equity share aggregating to Rs. 41.08 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 27.00% and 25.63%, respectively, of the post issue paid up equity share capital of the company. the face value of the equity shares is Rs. 10/- each.

Objective of issue

To meet working capital requirements. General corporate purposes.

Chavda Infra Ltd Contact Details

Chavda Infra Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - compliance@chavdainfra.com

Website - www.chavdainfra.com