What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Chavda Infra Limited IPO?

Based on the upper price band of ₹65 and current GMP of ₹60, the estimated listing price is ₹125 (approx. 92.3% gain).

What is the expected profit per lot for Chavda Infra Limited IPO?

With a lot size of 2000 shares and current GMP of ₹60, expected profit per retail application lot is approximately ₹1,20,000.

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Grey Market Intelligence

Chavda Infra Limited

ListedSME

Infrastructure & Construction · NSE

Chavda Infra Limited, incorporated in 2012, provides construction and allied services for residential, commercial, and institutional projects in Gujarat. Part of the Chavda Group, which includes Chavda RMC and Chavda Developers, the company has delivered over 100 projects worth ₹67,099.45 Lakhs. Its three verticals—Contracting Services, Development Services, and Commercial Renting Services—cover planning, design, construction, and post-construction activities. Notable projects include Straft Laxuria, Shivalik Parkview, AAA Corporate House, and Nirma University buildings. ISO 9001:2015 certified, Chavda Infra employs over 250 people and recorded ₹16,188.57 Lacs in revenue for FY2023, with 26 ongoing projects worth ₹60,139 Lakhs.

Price Band

₹60 – ₹65

Issue Size

₹43.26 Cr

Lot Size

2000 shares

GMP

₹60

+92.3%

Est. Listing

₹125

at current GMP

Subscribed

180.13x

overall

Open

12 Sep 2023

14 Sep 2023

Allotment

20 Sep 2023

Refund

21 Sep 2023

Demat Credit

22 Sep 2023

Listing

25 Sep 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Chavda Infra Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹60+92.3%

Issue Price (Upper)

₹65

Band: ₹60 – ₹65

Estimated Listing Price

₹125

Upper price + GMP

Lot Size

2000 shares

Min investment ₹1,30,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹60	92.3%	₹125
30 Oct 2026	+₹60	92.3%	₹125
29 Oct 2026	+₹54	83.1%	₹119

About Chavda Infra Limited Public Issue & Market Profile

Chavda Infra Limited is bringing an initial public offering (IPO) in the Infrastructure & Construction sector with an aggregate issue size of ₹43.26 Crores. The shares are offered at a price band of ₹60 to ₹65 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2023-09-14, the basis of allotment is scheduled to be finalized on 2023-09-20. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Chavda Infra Limited IPO GMP today?

The latest grey market premium for Chavda Infra Limited IPO is ₹60, which indicates an expected listing price of ₹125.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.