Chavda Infra Limited, a civil construction company offering a diversified range of construction and allied services across residential, commercial and institutional projects in Gujarat, announced new order wins totaling Rs. 165 crore. The company with its core focus on TRI-City (Ahmedabad, Gandhinagar and GIFT City) region, won three orders - comprising two commercial (Trogon & Centroid) projects in Ahmedabad and one residential (Avani Aayam) project in Gandhinagar. The Trogon project, valuing Rs. 127 crore, emerged among the largest individual orders received by the company.
The company filed its Draft Red Herring Prospectus (DRHP) with NSE Emerge for its proposed initial public offering (IPO). The IPO comprises the issue of 66.56 lakh Equity Shares (Face Value Rs 10/-) through the book-building route. The company has appointed Beeline Capital Advisors Private Limited as Book Running Lead Manager to the Issue.
Headquartered in Ahmedabad, Chavda Infra Limited is an integrated civil construction company offering diversified construction and allied services across residential, commercial, and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. It is led by Mr. Maheshbhai Gunvantlal Chavda, Promoter and Managing Director and an industry veteran with over three decades of experience in the civil construction industry. The company's services span the construction value chain, ranging from planning and design to construction and post-construction activities for its clients. The company is ISO 9001:2015 certified for quality management systems by BCQ Assessment Private Limited.
Over the years, Chavda Infra Limited has successfully executed over 100 projects worth Rs. 67,099.45 lakh. Some of its prestigious projects across Ahmedabad include residential projects such as Straft Laxuria, Shivalik Parkview and Shivalik Sharda Harmony; commercial projects such as AAA Corporate House, Sadbhav House, Solitaire Sky, Sandesh Press, Suyash Solitaire and Solitaire Connect; and institutional projects such as AIS Toddler's Den, Nirma University (old Building) and Zydus School & Excellence. As of May 31, 2023, the company has 26 ongoing projects worth approximately Rs. 60,139 lakhs, indicating a strong order book. Out of 26 ongoing projects, 4 are commercial Projects, 4 are institutional projects, and 18 are residential projects.