Fixed Price IPO | ₹14 Cr | Listed at NSE SME | Thu, Dec 21, 2023 - Tue, Dec 26, 2023
Indifra IPO is a fixed price issue of ₹14.04 crores. The issue is entirely a fresh issue of 0.22 crore shares of ₹14.04 crore.
Indifra IPO bidding started from Dec 21, 2023 and ended on Dec 26, 2023. The allotment for Indifra IPO was finalized on Dec 27, 2023. The shares got listed on NSE SME on Dec 29, 2023.
Indifra IPO price is ₹65 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Indifra IPO RHP for detailed Information.
IPO Open
Thu, Dec 21, 2023
IPO Close
Tue, Dec 26, 2023
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹47.39 Cr
| IPO Date | 21 to 26 Dec, 2023 |
| Listed on | Fri, Dec 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 21,60,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 1,08,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹0.7020 Cr) |
| Fresh Issue (Ex Market Maker) | 20,52,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 20,52,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 51,30,000 shares |
| Share Holding Post Issue | 72,90,000 shares |
| NSE Symbol | INDIFRA |
| ISIN | INE0PS301014 |
Indifra IPO comprises a total issue size of 21,60,000 shares. The net offer to the public is 20,52,000 shares, after excluding 1,08,000 shares allotted on a firm basis. Of the Net offer 10,26,000 (50.00%) allocated to NII 10,26,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,26,000 | 50.00% | 47.50% |
| Retail Shares Offered | 10,26,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,08,000 | 5.00% | |
| Total Shares Offered | 21,60,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
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:
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 6.30 | 3.12 | 4.20 | 2.30 |
| Total Income | 0.64 | 10.02 | 10.92 | 3.07 |
| Profit After Tax | 0.04 | 0.99 | 0.40 | 0.11 |
| NET Worth | 5.33 | 1.70 | 0.71 | 0.31 |
| Reserves and Surplus | 0.20 | 1.69 | 0.70 | 0.30 |
| Total Borrowing | 0.38 | 0.51 | 0.45 | |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 8.00 |
| 2 | For General Corporate Purpose and Funding investments for acquisitions | 4.38 |
| 3 | Public Issue Expenses | 1.66 |
| KPI | |
|---|---|
| ROE | 82.45% |
| ROCE | 86.21% |
| RoNW | 82.45% |
| PAT Margin | 9.90% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.79 | |
| P/E (x) | 11.23 | 342 |
| Promoter Holding | 96% | 67.55% |
| Market Cap | ₹47.39 Cr. |
The Indifra IPO is subscribed 7.21 times on December 26, 2023 6:48:00 PM (Day 3). The public issue subscribed 12.07 times in the retail category, [.] times in the QIB category, and 2.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.34 | 10,26,000 | 24,00,000 |
| Retail | 12.07 | 10,26,000 | 1,23,82,000 |
| Total | 7.21 | 20,52,000 | 1,47,86,000 |
Total Application : 6,191
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable Advertising, Marketing Expenses and Printing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.06 |
| 5 | Fees Payable to Peer Review Auditor | 0.01 |
| 6 | Fees Payable to Market Maker (for Three Years) | 0.09 |
| 7 | Others (Fees payable for marketing & distributing expenses, selling commission, brokerage, processing fees, and miscellaneous expenses.) | 1.12 |
| 8 | Escrow Bank Fees | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹72.00 |
| Low | ₹68.40 |
| High | ₹73.00 |
| Last Trade | ₹68.40 |
Lead Manager Reports
Indifra IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Dec 21, 2023, and closes on Tue, Dec 26, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Indifra IPO using UPI as a payment gateway. Zerodha customers can apply in Indifra IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indifra IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indifra IPO opens on Thu, Dec 21, 2023 and closes on Tue, Dec 26, 2023.
Indifra IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Indifra IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Indifra IPO will be done on Wednesday, December 27, 2023, and the allotted shares will be credited to your demat account by Thu, Dec 28, 2023. Check the Indifra IPO allotment status.
The Indifra IPO listing date is on Fri, Dec 29, 2023.
