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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 ₹65.00 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). The minimum lot size investment for 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 Date | December 21, 2023 to December 26, 2023 |
| Listing Date | December 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,60,000 shares (aggregating up to ₹14.04 Cr) |
| Reserved for Market Maker | 1,08,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹0.7020 Cr) |
| Net Offered to Public | 20,52,000 shares (aggregating up to ₹13.34 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,30,000 shares |
| Share Holding Post Issue | 72,90,000 shares |
Indifra IPO offers total 21,60,000 shares. Out of which 10,26,000 (47.50%) allocated to NII, 10,26,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,08,000 (5.00%) |
| NII (HNI) Shares Offered | 10,26,000 (47.50%) |
| Retail Shares Offered | 10,26,000 (47.50%) |
| Total Shares Offered | 21,60,000 (100.00%) |
Indifra IPO opens on December 21, 2023, and closes on December 26, 2023.
| IPO Open Date | Thu, Dec 21, 2023 |
| IPO Close Date | Tue, Dec 26, 2023 |
| Tentative Allotment | Wed, Dec 27, 2023 |
| Initiation of Refunds | Thu, Dec 28, 2023 |
| Credit of Shares to Demat | Thu, Dec 28, 2023 |
| Tentative Listing Date | Fri, Dec 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 26, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 630.24 | 312.46 | 420.10 | 229.63 |
| Total Income | 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 | |
| Amount in ₹ Lakhs | ||||
The market capitalization of Indifra IPO is ₹47.39 Cr.
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company is from Airan group and is engaged in providing pipeline related infra services to gas companies and supplying electrical appliances. It posted minuscule financial performance so far and based on its FY24 annualized earning, the issue appears exorbitantly priced. It operates in a highly competitive and fragmented segment. There is no harm in skipping this pricey bet, being High Risk/No Return bet. Read detail review...
| Listing Date | December 29, 2023 |
| BSE Script Code | |
| NSE Symbol | INDIFRA |
| ISIN | INE0PS301014 |
| Final Issue Price | ₹65 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹72.00 |
| Low | ₹68.40 |
| High | ₹73.00 |
| Last Trade | ₹68.40 |
Indifra Ltd.
9, Krishna Villa,
Nr. Aamrakunj Society, Karamsad, V.V. Nagar Road,
Karamsad,
Anand, Gujarat, 388325
Phone: 02692-360191
Email: shares@indifra.in
Website: https://www.indifra.com/#
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: indifra.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Indifra IPO is a SME IPO of 21,60,000 equity shares of the face value of ₹10 aggregating up to ₹14.04 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on December 21, 2023, and closes on December 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 December 21, 2023 and closes on December 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 Thursday, December 28, 2023. Check the Indifra IPO allotment status.
The Indifra IPO listing date is on Friday, December 29, 2023.
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