Indifra Limited IPO Detail
Incorporated in 2009, Indifra Limited provides infrastructure management contracting, gas pipeline laying and electrical equipment distribution services. The company was previously known as Starleads Consultants Private Limited.
The company has two business verticals:
- Pipeline and Infrastructure Management Contracting Services.
- Distribution of electrical appliances.
The company provides gas supply companies with the management of their gas supply pipelines. As of December 2023, the company is providing gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). The company has also worked for Adani Gas Limited.
The company also provides voltage stabilizers, induction cooktops, inverters, batteries, ceiling fans, domestic 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.
As of June 30, 2023, Indifra Limited have a total of 11 Employees.
Company Promoters
Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF are the promoters of the company.IPO Details
| IPO Opening Date | Dec 21, 2023 |
| IPO Closing Date | Dec 26, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹14.04 Cr |
| Fresh Issue | 2,160,000 shares (aggregating up to ₹14.04 Cr) |
| Offer for Sale | - |
| Retail Portion | 47.50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.25x | 1.21x | 0.73x | |
| Day 2 | - | - | 0.31x | 3.39x | 1.85x | |
| Day 3 | - | - | 2.34x | 12.07x | 7.21x |
IPO Tentative Timetable
The Indifra Limited IPO open date is Dec 21, 2023, and the close date is Dec 26, 2023. The issue may list on Dec 29, 2023.
| IPO Open Date | Dec 21, 2023 |
| IPO Close Date | Dec 26, 2023 |
| Basis of Allotment Date | Dec 27, 2023 |
| Initiation of Refunds | Dec 28, 2023 |
| Credit of Shares to Demat Account | Dec 28, 2023 |
| IPO Listing Date | Dec 29, 2023 |
IPO Lot Size
The Indifra Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹130000 |
| Maximum | 1 | 2000 | ₹130000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96% |
| Post Issue Share Holding | 67.55% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 30-Jun-23 | 630.24 | 64.28 | 3.54 |
| 31-Mar-23 | 312.46 | 1001.69 | 99.08 |
Objects of the Issue:
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- For General Corporate Purposes and Funding investments for acquisitions
- To meet Public Issue Expenses
Indifra Limited IPO Registrar:
KFin Technologies Limited
Indifra Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Indifra Limited
9, Krishna Villa, Nr. Aamrakunj Society, Karamsad, V.V. Nagar Road, Karamsad
Anand
Anand
