The Indifra IPO date has been confirmed from December 21, 2023 and closes on December 26, 2023.
Using an IPO, Indifra is seeking to raise Rs 14.04 crores. Its price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
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Bidding Dates
December 21-26
Price Range
₹65 per share
Face Value
INR 10 per share
GMP
₹[.]
Indifra IPO GMP
The Indifra Limited IPO GMP is ₹[.].
IPO Overview
The Indifra IPO has a fixed price of Rs 14.04 crores. The issue is a completely new issue of 21.6 lakh shares. The Indifra IPO goes on sale on December 21, 2023, and closes on December 26, 2023. The Indifra IPO allotment is planned to be completed on Wednesday, December 27, 2023. Indifra’s first public offering (IPO) will be listed on the NSE SME on Friday, December 29, 2023. The IPO price for Indifra is $65 per share. A lot size of 2000 shares is required for an application. Retail investors must make a minimum commitment of $130,000. The minimum lot size for HNI is two lots (4,000 shares), totaling $260,000.
Voltage stabilisers, induction cooktops, inverters, batteries, ceiling fans, household switch gears and DBs, air coolers, water heaters, modular switches, solar water heaters, air source heat pump water heaters, energy-saving fans, and space heaters are also available from the company. Indifra Limited had 11 employees as of June 30, 2023.
Indifra IPO Details
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,160,000 shares (aggregating up to ₹14.04 Cr) |
| Fresh Issue | 2,160,000 shares (aggregating up to ₹14.04 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,130,000 |
| Share holding post issue | 7,290,000 |
| Market Maker portion | 108,000 shares |
Indifra Limited Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 630.24 | 312.46 | 420.10 | 229.63 |
| Revenue | 64.28 | 1,001.69 | 1,092.41 | 306.54 |
| Profit After Tax | 3.54 | 99.08 | 39.94 | 10.51 |
| Net Worth | 533.25 | 169.70 | 70.62 | 30.68 |
| Reserves and Surplus | 20.25 | 168.70 | 69.62 | 29.68 |
| Total Borrowing | 38.26 | 50.61 | 45.05 |
Indifra IPO Timeline
| IPO Open Date | Thursday, December 21, 2023 |
| IPO Close Date | Tuesday, December 26, 2023 |
| Basis of Allotment | Wednesday, December 27, 2023 |
| Initiation of Refunds | Thursday, December 28, 2023 |
| Credit of Shares to Demat | Thursday, December 28, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2023 |
Company Profile
Indifra Limited, founded in 2009, provides infrastructure management contracting, gas pipeline laying, and electrical equipment distribution services. Starleads Consultants Private Limited was the company’s previous name.
The company has two business verticals:
- Pipeline and Infrastructure Management Contracting Services.
- Distribution of electrical appliances.
The company manages the gas supply pipelines owned by gas
supply companies. The company will provide gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML) till December 2023. Adani Gas Limited has also hired the firm.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | indifra.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Indifra Limited |
| Phone number | 02692-360191 |
| Email ID | shares@indifra.in |
| Website | indifra.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
