The Indifra IPO started on December 21, 2023, and ended on December 26, 2023. Shares were allocated on December 27, 2023, and refund processes began on December 28, 2023. On December 28, 2023, the shares were credited to investors demat accounts. Indifra was officially listed on the stock exchange on December 29, 2023.
During the IPO, Indifra offered shares at a price range of ₹65 per share, and the lot size was 2000 shares. The total issue size was ₹14.04 crores, with ₹14.04 crores from new shares. The IPO was listed on both the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Indifra IPO Subscription Update Video
Indifra IPO Subscription Status
The Indifra IPO on December 26, 2023 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 Basic Details
| Company Name | Indifra Limited |
| Indifra IPO Open Date | December 21, 2023 |
| Indifra IPO Close Date | December 26, 2023 |
| Indifra IPO Allotment Date | December 27, 2023 |
| Indifra IPO Listing Date | 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 |
| Company Promoters | Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF |
About Indifra Limited
Started in 2009, Indifra Limited does things like managing infrastructure, laying gas pipelines, and distributing electrical equipment. It used to go by the name Starleads Consultants Private Limited.
Indifra Limited has two main parts to its business:
- Taking care of pipelines and managing infrastructure.
- Handing out electrical appliances.
They help gas supply companies by looking after their gas pipelines. Right now, they’re working with Charotar Gas Sahakari Mandali Limited (CGSML) as of December 2023. They’ve also done work for Adani Gas Limited.
Besides that, they sell things like 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 has a total of 11 employees.
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Indifra IPO FAQs
What is the start and end date of Indifra IPO Subscription?
The Indifra IPO started on December 21, 2023, and ended on December 26, 2023.
When does Indifra IPO Subscription open?
The Indifra IPO open on December 21, 2023.
When does Indifra IPO Subscription close?
The Indifra IPO Close on December 26, 2023.
What is the allotment date of Indifra IPO?
The allotment date for Indifra IPO is December 27, 2023.
When is the initial refund date of Indifra IPO?
The initial Refund date for Indifra IPO is December 28, 2023.
When were the shares credited to investors demat accounts for the Indifra IPO?
The shares for the Indifra IPO were credited to investors demat accounts on December 28, 2023.
When will Indifra IPO be listed on the stock market?
Indifra IPO stock market will be listed on December 29, 2023 at 10 am.
What was the price range of the Indifra IPO shares?
The Indifra IPO shares were offered at a price range of ₹65 per share.
What was the lot size for the Indifra IPO shares?
The lot size for the Indifra IPO shares was 2000 shares.
What was the total issue size of the Indifra IPO?
The total issue size of the Indifra IPO was ₹14.04 crores.
How were the shares allocated among different types of investors for the Indifra IPO?
50% of the shares were allocated to other and 50% were set aside for retail investors.
On which stock exchanges was the Indifra IPO listed?
The Indifra IPO was listed on the NSE SME.
What is the Indifra IPO Subscription Status?
Indifra IPO is subscribed 7.21 Times.
