Chavda Infra Limited’s recent IPO, which closed on September 14, 2023, witnessed an overwhelming response from investors, with a subscription rate of 180.06 times on the third day of the subscription period.
The retail category saw a remarkable subscription rate of 202.07 times, while the Qualified Institutional Buyers (QIB) category was subscribed 95.10 times, and the Non-Institutional Investors (NII) category recorded an astonishing subscription rate of 241.96 times.
Chavda Infra Limited is set to finalize the basis of share allotment on Wednesday, September 20, 2023. The company’s shares are scheduled to be listed on the NSE SME platform on Monday, September 25, 2023.
Here are some key details of Chavda Infra Limited’s IPO:
- Fresh issue size: 66,56,000 shares
- Face value: ₹10 per share
- Fixed price band: ₹60 – ₹65 per share
- Minimum lot size: 2,000 shares
- Listing: NSE SME
