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News Details

05/09/2023 13:00

Chavda Infra announces launch of initial public offering

Chavda Infra Ltd. has announced public offering of 6656000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share. The gross proceeds of the issue are expected to be Rs 4,326.40 lakhs.

The company's initial public offer (IPO) will open on 12 September 2023 and is expected to close on 14 September 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 60.00-65.00 per share.

The IPO includes a fresh Issue of 6656000 Equity Shares of the Company at an price of Rs 65.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Chavda Infra Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.