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 current subscription status of Chavda Infra Limited IPO?

Chavda Infra Limited IPO has received a total subscription of 180.13 times overall.

IPO GreyPremiumLIVE

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 Subscription Status Allotment Status Filing Documents

Overall Subscription

180.13x

Total Demand

QIB Multiplier

95.10x

Institutions & Funds

NII / HNI

242.32x

High Net-Worth

Retail (RII)

202.07x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 180.13x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	1,264,000	120,204,000	95.10x
NIB	948,000	229,716,000	242.32x
RETAIL	2,212,000	446,984,000	202.07x
Total	4,424,000	796,904,000	180.13x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 203.50x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	1,165	235,412	202.07x
HNIs (10L +)	7	1,696	242.32x
HNIs (2-10L)	36	8,724	242.32x
Total Applications	1,208	245,832	203.50x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Chavda Infra Limited IPO is ₹60 per equity share. Based on the upper price band of ₹60 to ₹65 per equity share, the estimated listing price is ₹125 (+92.3% expected listing 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, the expected profit per application lot is approx ₹1,20,000 (+92.3% gain). Minimum application cost is approx ₹1,30,000.

What is the issue size and price band for Chavda Infra Limited IPO?

The Chavda Infra Limited IPO aggregate issue size is ₹43.26 Crores with an equity price band set at ₹60 to ₹65 per equity share. The retail lot size is 2000 shares requiring a minimum capital outlay of approx. ₹1,30,000.

How can I check Chavda Infra Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 180.13x (Retail: 202.07x, QIB: 95.10x, NII: 242.32x). You can track live multiples directly on our dedicated subscription page.

Where and when will Chavda Infra Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-09-20. Investors can verify status using PAN card or application number.

When is the listing date for Chavda Infra Limited IPO?

Chavda Infra Limited shares are scheduled to list on NSE on 2023-09-25.