Indifra IPO Review

 
Indifra IPO Review

IPO Open Date: December 21, 2023

IPO Close Date: December 26, 2023

IPO Price: ₹65 per share

Lot Size: 2000 Shares

Listing: December 29, 2023

Indifra is scheduled to hit the market on December 21, 2023 and close on December 26, 2023. Indifra plans to raise around ₹14.04 Cr through an IPO with a sale of up to 2,160,000 equity shares of ₹10 each. The Retail offered 47.50%, Others Offered 47.50%.

Founded in 2009 as Starleads Consultants Private Limited, Indifra Limited specializes in infrastructure management contracting, gas pipeline installation, and the distribution of electrical equipment. The firm operates under two primary business divisions: 1) Pipeline and Infrastructure Management Contracting Services 2) Distribution of electrical appliances.

Indifra Limited offers expertise in managing gas supply pipelines, notably serving entities such as Charotar Gas Sahakari Mandali Limited (CGSML) as of December 2023. Additionally, the company has undertaken projects with renowned entities like Adani Gas Limited.

Indifra


Indifra IPO Details

Indifra opens on Dec 21 , 2023, and closes on Dec 26 , 2023. The Listing date for Indifra IPO is on Dec 29, 2023. The price band for IPO is ₹65 per share and lot size of 2000 Shares.

IPO DateDec 21 , 2023 to Dec 26, 2023
Listing DateDec 29, 2023
Price₹65 per share
Lot Size2000 Shares
Issue Size₹14.04 Cr
Face Value₹10 per share

Indifra IPO Tentative Timetable

Indifra opening date is December 21, 2023 and close date is December 26, 2023. The IPO allotment date is December 27, 2023. The refund initiation of IPO is on December 28, 2023. The credit of shares in demat account is on December 28, 2023. The listing date is on December 29, 2023.

EventDate
IPO OpeningDec 21, 2023
IPO ClosingDec 26, 2023
IPO Allotment DateDec 27, 2023
Refund InitiationDec 28, 2023
Shares Credit to DematDec 28, 2023
Lisiting DateDec 29, 2023

Indifra IPO Lot Size

Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹130,000).

CategoryLotsSharesAmount
Retail(Minimum)12000₹130,000
Retail(Maximum)12000₹130,000
HNI (Minimum)24000₹260,000

Indifra IPO Promoter Holding

Pre Issue Share Holding96%
Post Issue Share Holding67.55%

Indifra IPO Review

Indifra Limited specializes in gas pipeline management services, catering to notable clients such as Charotar Gas Sahakari Mandali Limited (CGSML) and Adani Gas Limited, while also offering a range of electrical and household products. Despite a slight revenue dip of -8.3%, the company's profit after tax surged by an impressive 148.07% between FY 2022 and FY 2023. As Indifra Limited ventures into the public market, stakeholders are keen to understand its strategic positioning, financial health, and growth prospects.

The financial landscape of Indifra Limited is characterized by a P/E ratio of 11.23 and an attractive ROE and ROCE of 82.45% and 86.21%, respectively. These metrics indicate a solid operational efficiency and potential for investors. However, given the fluctuating revenue and a notable decrease in assets as of June 2023, potential investors may wish to delve deeper into the company's operational nuances and growth strategy.

The IPO's primary objectives, namely addressing working capital needs, funding acquisitions, and covering public issue expenses, suggest ambitious growth aspirations by Indifra Limited. Investors are advised to scrutinize how the company plans to allocate funds towards these objectives and assess the potential impact on its future profitability and market positioning.

Indifra IPO Subscription Status (Bidding Details)

No IPO ID provided. Check if the "ipo-subscription" field is set for this post.

Indifra IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Indifra IPO FAQs

What is Indifra IPO?

Indifra is issuing 2,160,000 equity shares with a face value of ₹10 each, totaling up to ₹14.04 Cr. The shares are being offered at a price of ₹65 each, with a minimum order quantity of 2000 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Indifra IPO will open?

Indifra will open on December 21 , 2023 for QIB, NII, and Retail Investors.

When Indifra IPO will end?

Indifra will end on December 26, 2023.

What is Indifra IPO Size?

Indifra IPO size is ₹14.04 Cr.

What is Indifra IPO Price Band?

Indifra price band is ₹65 per share.

What is the Indifra IPO Allotment Date?

Indifra allotment date is December 27, 2023.

What is the Indifra IPO Listing Date?

Indifra listing date is December 29, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Indifra IPO through Zerodha?

To apply for the IPO “Indifra” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Indifra IPO through Upstox?

To apply for the IPO “Indifra” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Indifra IPO Allotment Status?

For Indifra IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Indifra IPO GMP?

You can check out here: Indifra IPO GMP

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