Indifra IPO Details ( Indifra Limited IPO Review )
(21 Dec 2023 – 26 Dec 2023)
Indifra Limited started in 2009 and does things like taking care of infrastructure, laying gas pipelines, and distributing electrical equipment. Before, it used to be called Starleads Consultants Private Limited.
The company does two main things:
- Takes care of pipelines and infrastructure.
- Gives out electrical appliances.
They help gas supply companies by managing their gas pipelines. Right now, they’re working with Charotar Gas Sahakari Mandali Limited (CGSML) since December 2023. They’ve also done work for Adani Gas Limited.
Besides that, they also sell things like voltage stabilizers, induction cooktops, inverters, batteries, ceiling fans, switches for homes, air coolers, water heaters, switches that look cool, solar water heaters, air source heat pump water heaters, fans that save energy, and heaters for spaces.
As of June 30, 2023, Indifra Limited has a total of 11 employees.
Indifra Limited IPO Competitive Strength
- Experienced Management Team
- Well-defined organizational structure
- Existing Supplier Relationship
- Customer Relationship
- Asset Light Business Model
Indifra IPO Financials Performance ( Results )
Indifra Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 229.63 | 306.54 | 10.51 | 0.61 | 30.68 | 1.79 | 29.68 | 45.05 |
| 31-Mar-22 | 420.10 | 1,092.41 | 39.94 | 2.34 | 70.62 | 4.13 | 69.62 | 50.61 |
| 31-Mar-23 | 312.46 | 1,001.69 | 99.08 | 5.79 | 169.70 | 9.92 | 168.70 | 38.26 |
| 30-Jun-23 | 630.24 | 64.28 | 3.54 | 0.07 | 533.25 | 10.39 | 20.25 |
Objective of Indifra IPO Issue
- To Meet Working Capital Requirements
- For General Corporate Purposes and Funding investments for acquisitions
- To meet Public Issue Expenses
Indifra IPO Basic Details
| IPO Date | Dec 21, 2023 to Dec 26, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹65 per share |
| Lot Size | 2000 Shares |
| Issue Size | 2,160,000 shares of ₹10 (aggregating up to ₹14.04 Cr) |
| Fresh Issue | 2,160,000 shares of ₹10 (aggregating up to ₹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 |
| Company Promoters | Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF |
Indifra IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Indifra IPO Timetable
Indifra IPO will open on December 21, 2023 and close on December 26, 2023. You can join Indifra IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 21 December 2023 (Thursday) |
| Closing Date | 26 December 2023 (Tuesday) |
| Basis of Allotment | 27 December 2023 (Wednesday) |
| Initiation of Refunds | 28 December 2023 (Thursday) |
| Credit of Shares to Demat | 28 December 2023 (Thursday) |
| Listing Date | 29 December 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 26 December 2023 |
Indifra IPO Lot Size
For retail investors in Indifra IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹130,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹130,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| S-HNI (Min) | 2 | 4000 | ₹260,000 |
Indifra IPO Promoter Holding
The company’s promoters include Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF.
| Pre Issue Share Holding | 96.00% |
| Post Issue Share Holding | 67.55% |
Indifra Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 47.39 |
| Earning Per Share (EPS) | ₹5.79 per Equity Share |
| Net Asset Value (NAV) | ₹9.92 per Equity Share |
| P/E Ratio (P/E) (x) | 342 |
| Post P/E Ratio (P/E) (x) | 11.23 |
| Return on Net Worth (RoNW) (%) | 82.45 |
| Return on equity (ROE) (%) | 82.45 |
| Return on Capital Employed (ROCE) (%) | 86.21 |
| Debt/Equity Ratio | Coming Soon |
Indifra Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | CMP (₹) | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Indifra Limited | Standalone | 10 | 65.00 | 5.79 | 11.23 | 82.45 | 9.92 |
| Peer Group | |||||||
| RBM Infracon Limited | Standalone | 10 | 56.50 | 5.13 | 11.01 | 18.49 | 20.42 |
Indifra IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 26 December 2023 | ₹0 | – | – |
| 25 December 2023 | ₹0 | – | – |
| 24 December 2023 | ₹0 | – | – |
| 23 December 2023 | ₹0 | – | – |
| 22 December 2023 | ₹0 | – | – |
| 21 December 2023 | ₹0 | – | – |
Indifra IPO Detail Video:
link
Indifra IPO Subscription Status (Bidding Detail)
The Indifra IPO on December 26, 2023 at 7:30:00 PM was subscribed 7.21 times, with the retail category being subscribed 12.07 times, the other category being subscribed 2.34 times.
| Category | Subscription |
| Other | 2.34x |
| Retail | 12.07x |
| Total | 7.21x |
Indifra IPO Prospectus
Indifra IPO Rating
| Our Rating | 2.0/5.0 |
Indifra Company Contact Information
Indifra Limited
Registered Office: 9, Krishna Villa, Nr. Aamrakunj Society, Karamsad, V.V. Nagar Road, Karamsad, Anand- 388325, Gujarat, India
Website: www.indifra.com
E-Mail: shares@indifra.in
Telephone No: 02692-360191
Company Secretary and Compliance Officer: Ms. Ruchika Jain
Promoters of Our Company: Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal Huf
Indifra IPO Registrar
Kfin Technologies Limited
SEBI Registration Number: INR000000221
Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India.
Tel. Number: +91 40 6716 2222
Email Id: indifra.ipo@kfintech.com
Investors Grievance Id: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M Murali Krishna
CIN: U72400TG2017PLC117649
Indifra IPO Lead Manager
Beeline Capital Advisors Private Limited
SEBI Registration Number: INM000012917
Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath
Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054, India.
Telephone Number: 079 49185784
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
Indifra IPO FAQs
What is the lot size of Indifra IPO?
The total size of Indifra IPO is ₹14.04 crores and this is a complete fresh Issue.
When will Indifra IPO start?
Indifra IPO will open from 21 December 2023 and IPO will close on 16 December 2023.
What is the open date of Indifra IPO?
Indifra IPO will open date from 21 December 2023.
What is the last date ( close date ) of Indifra IPO?
Indifra IPO will close from 26 December 2023.
What is the price band of Indifra IPO?
Indifra IPO price band is ₹65.
What is the minimum amount required to apply for Indifra IPO?
The minimum investment for retailers to apply for Indifra IPO is ₹130,000 and the maximum investment is ₹130,000.
What is going on gray market premium of Indifra IPO?
View gray market premium of Indifra IPO by Clicking Here
How much is the GMP of Indifra IPO?
Watch Indifra IPO GMP Today: Click Here
What is the allotment date of Indifra IPO?
The allotment date of Indifra IPO is 27 December 2023.
How to check allotment status in Indifra IPO?
To check the allotment status of Indifra IPO, first of all go to the registrar website by clicking here, select your bad Indifra IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Indifra IPO?
The listing date of Indifra IPO is 29 December 2023.
How much will be the listing gain in Indifra IPO?
View listing gain of Indifra IPO by Clicking Here
How much time Indifra IPO is subscribed?
Total 7.21 times subscribed in Indifra IPO out of which 12.07 times subscription was done in retail quota, 2.34 times subscription in other quota.
How to apply for Indifra IPO from Upstox?
Click Here to see how to apply for Indifra IPO from Upstox. (step by step)
How to apply for Indifra PO from Zerodha?
Click Here to see how to apply for Indifra IPO from Zerodha. (step by step)
How to apply for Indifra IPO from Angle One?
Click Here to see how to apply for Indifra IPO from Angle One. (step by step)
