Over the years, Chavda Infra said it has executed more than 100 projects worth Rs 670.99 crore.

After opening at a 40 percent premium to the issue price of Rs 65, Chavda Infra, a company in the small and medium enterprises (SME) bracket, slumped to the 5 percent lower circuit on September 25 amid weakness in the market.

The stock got listed at Rs 91, and jumped to Rs 92 but saw selling pressure. As of 10.58am, it traded at Rs 86.45 on the NSE EMERGE.

Chavda Infra is an integrated civil construction company offering a diversified range of construction and allied services across residential, commercial and institutional projects in Gujarat, especially in Ahmedabad and Rajkot. The company provides services across the construction value chain, ranging from planning and design to construction and post-construction activities to our clients.

Over the years, Chavda Infra said it has executed more than 100 projects worth Rs 670.99 crore. As of May 31, it has 26 ongoing projects worth approximately Rs 601.39 crore. Out of these, four are commercial projects, four are institutional projects and 18 are residential projects.