ADVERTISEMENT
NewsMadura
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
NewsMadura
No Result
View All Result
Home News Business

IPO Update: Gujarat Based Infra Developer Chavda Infra Files DRHP With NSE Emerge – News18

Jatin Batra by Jatin Batra
June 24, 2023
in Business
0
Four IPOs hitting the market today: See details on Infinium, MOS, Exhicon, Sancode SME IPOs
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


Chavda Infra has appointed Beeline Capital Advisors Private Limited as bookrunning lead manager for the offering.

Chavda Infra will use the IPO proceeds to meet its working capital requirements (Rs 27 crore), general operating expenses and public offering expenses

Chavda Infra Limited, a civil construction company in Gujarat, has filed its draft red herring prospectus (DRHP) with NSE Emerge for its proposed initial public offering (IPO). The IPO involves the issuance of 66.56 lakh shares (par value Rs 10) through the bookbuilding route. The company has appointed Beeline Capital Advisors Private Limited as bookrunning lead manager for the offering.

“The operating income of the company for FY2022-23 was Rs 16,188.57 lakh as against Rs 10,982.24 lakh for FY2021-22. The EBITDA for FY2022-23 was Rs. 2,706.43 lakh as compared to Rs. 1,563.77 lakh for fiscal year 2021-22. The company clocked a PAT of Rs. 1,204.62 lakh in FY2022-23 vs Rs. 521.46 lakh in FY 2021-22. Vertical construction accounted for 99% of the company’s total revenue in fiscal year 2022-23,” the company said in a statement.

According to the DRHP, the company will use the IPO issue proceeds to meet its working capital requirements (Rs 27 crore), general operating expenses and public offering expenses.

Over the years, Chavda Infra Limited has carried out more than 100 projects worth Rs 67,099.45 lakh. As of May 31, 2023, the company has 26 ongoing projects worth about Rs 60,139 lakh, indicating a strong order book. Of the 26 ongoing projects, 4 are commercial projects, 4 are institutional projects and 18 are residential projects, the statement said.

Muhammad Harris

Haris is Deputy News Editor (Business) at News18.com. He writes on various issues related to markets, economics and business.…Read more
Tags: basedChavdadeveloperDRHPemergeFilesGujaratInfraipoNews18NewsMaduraNSEupdate
Previous Post

UK wants to be the global tech capital, but what about visas? Secretary Dominic Johnson responds – News18

Next Post

Apple will soon launch ‘Apple Pay’ payment feature in India: report

Jatin Batra

Jatin Batra

Editor

Next Post
NDTV News

Apple will soon launch 'Apple Pay' payment feature in India: report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

    • Trending
    • Comments
    • Latest
    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    August 13, 2021
    Buy tool boxes

    Buy tool boxes

    August 23, 2021
    There are no flights departing or landing at Kabul airport, the Pentagon says.

    There are no flights departing or landing at Kabul airport, the Pentagon says.

    August 16, 2021
    NDTV News

    Photos: Taliban’s Kabul Takeover Caps Afghanistan Blitz

    August 16, 2021
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    0
    NDTV News

    Krsnaa Diagnostics IPO: Here’s How To Check Assignment Status

    0
    NDTV News

    Syrian President Bashar al-Assad issues decree to form new government: Twitter presidency

    0
    Asus ROG Phone 5s Specifications Tipped; May Come With Snapdragon 888 Plus SoC, Up to 18GB RAM

    Asus ROG Phone 5s Specifications tipped; May come with Snapdragon 888 Plus

    0
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    International News,Latest Stories,Breaking News-NewsMadura

    Follow Us

    Browse by Category

    • Africa
    • Americas
    • Asia
    • Auto
    • Baseball
    • Basketball
    • Business
    • Cricket
    • Entertainment
    • Europe
    • Gadget
    • Health
    • India
    • Latest Stories
    • Lifestyle
    • Middle East
    • Politics
    • Science & Space
    • Soccer
    • Sports
    • Technology
    • Tennis
    • Travel
    • U.S.
    • US Politics
    • World

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura

    No Result
    View All Result
    • Latest Stories
    • Business
    • World
    • Politics
    • Science & Space
    • Entertainment
    • Technology
    • Health
    • Sports
    • Auto
    • Travel
    • Lifestyle

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura