Indifra Limited's anticipated IPO is scheduled to be open for subscription from December 21st to December 26th, 2023. This company operates within the realm of gas distribution pipeline management and the distribution of electric equipment. The IPO encompasses a fresh issue comprising 2,160,000 shares, valuing Rs. 14.04 crore. On December 27th, share allotments will occur, followed by the IPO's listing on stock exchanges by December 29th.
The price set for this offering stands at Rs. 65 per share, with a lot size fixed at 2000 shares, providing potential investors an opportunity to participate in this venture. Acting as the book-running lead manager for this IPO is Beeline Capital Advisors Private Limited, while KFIN Technologies Limited undertakes the role of registrar, ensuring the seamless execution of this public offering. This IPO launch not only reflects the company's growth prospects but also presents an investment avenue within the gas distribution and electric equipment sectors.
Founded in 2010, Indifra Limited specializes in managing gas distribution pipelines, offering comprehensive pipeline and infrastructure management services. In addition, the company operates a trading vertical focused on the distribution of electrical appliances.
Having undertaken projects for notable entities like Charotar Gas Sahakari Mandali Limited (CGSML) and Adani Gas Limited in the past, Indifra expanded its operations in 2017 to include the electric appliances sector. Currently holding distributorship of V Guard, its range of electric appliances spans voltage stabilizers, induction cooktops, inverters, batteries, ceiling fans, domestic switch gears, distribution boards (DBs), air coolers, water heaters, modular switches, solar water heaters, air source heat pump water heaters, energy-saving fans, and room heaters. This diversification underscores Indifra's commitment to expanding its portfolio and meeting varied consumer needs within the electric appliances domain.
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Indifra Limited is gearing up for its IPO scheduled to be available for subscription from December 21st to December 26th, 2023. Allocation of shares is set for December 27th, 2023, with the IPO slated for listing on the stock exchanges on December 29th, 2023.
IPO Opening Date: The IPO subscription for Indifra Limited begins on Thursday, December 21, 2023.
IPO Closing Date: Investors can subscribe to the IPO until Tuesday, December 26, 2023.
Basis of Allotment: The basis of allotment for the IPO will be determined on Wednesday, December 27, 2023.
Initiation of Refunds: Refunds for the IPO will be initiated starting Thursday, December 28, 2023.
Credit of Shares to Demat: Share allotments will be credited to Demat accounts on Thursday, December 28, 2023.
Listing Date: Indifra Limited's IPO is set to be listed on Friday, December 29, 2023.
Cut-off Time for UPI Mandate Confirmation: The deadline for confirming UPI mandates is 5 PM on December 26, 2023, ensuring timely processing for interested investors.
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| IPO Date | 21st to 26th December 2023 |
| Listing Date | 29th December 2023 |
| Face Value | Rs. 10 per share |
| Price | Rs. 65 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 2,160,000 shares (aggregating up to Rs. 14.04 Cr) |
| Fresh Issue | 2,160,000 shares (aggregating up to Rs. 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 |
Between March 31, 2022, and March 31, 2023, Indifra Limited experienced a notable -8.3% decline in revenue. However, the company witnessed a substantial 148.07% increase in its profit after tax (PAT) during this period. This juxtaposition of declining revenue and significant profit growth indicates the company's adeptness in managing its operational efficiencies and optimizing its bottom line despite revenue challenges.
| 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 | |
| Amount in Rs. Lakhs | ||||
What is Indifra IPO?
The Indifra IPO represents a SME offering comprising 2,160,000 equity shares valued at Rs. 10 each, totaling an aggregation of Rs. 14.04 Crores. Priced at Rs. 65 per share, the IPO requires a minimum order quantity of 2000 shares. The subscription window for this IPO is set to commence on December 21, 2023, and concludes on December 26, 2023.
When Indifra IPO will open for apply?
The Indifra IPO is scheduled to open for application on December 21, 2023.
What are the minimum lot size and investment needed for participating in the Indifra IPO?
The Indifra IPO mandates a minimum lot size of 2000 shares, necessitating an investment totaling Rs. 1,30,000.
When is Indifra IPO allotment date?
The allotment date for the Indifra IPO is expected to be finalized on Wednesday, December 27, 2023.
What is the Indifra IPO listing date?
The Indifra IPO is anticipated to be listed on the NSE SME platform with a tentative listing date set for Friday, December 29, 2023.
What is the price band of Indifra IPO?
The price band for the Indifra IPO is set between Rs. 65 per share.
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