Indifra IPO

Indifra IPO will open for subscription from 21 December 2023. The company aims for an issue size of ₹14.04 Cr through this IPO.

Company Overview

Full nameIndifra Limited
IndustryEngineering – Construction
Company Website

About Company

Indifra serves various gas distribution companies in the effective management of their distribution pipelines. Within this sector, the company previously served Adani Gas. As of December 2023, Indifra provides gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). In 2022, the company initiated gas pipeline management services in collaboration with CGSML, a leading gas distribution company, and the world’s first cooperative Natural Gas Provider. The aim was to join forces and offer comprehensive gas pipeline management services in the Charotar region of Gujarat.

As of 30 June 2023, Indifra has a total of 11 employees. The company has two business verticals:

  • Pipeline and Infrastructure Management Contracting Services;
  • Distribution of electrical appliances.

Indifra also offers a range of products, including voltage stabilizers, induction cooktops, inverters, batteries, ceiling fans, domestic switch gears and distribution boards (DBs), air coolers, water heaters, modular switches, solar water heaters, air source heat pump water heaters, energy-efficient fans, and room heaters.

The Objectives of the Issue

  • To Meet Working Capital Requirements
  • For General Corporate Purposes and Funding investments for acquisitions
  • To meet Public Issue Expenses

Indifra IPO Timetable

IPO Opening date21 December 2023
IPO Closing26 December 2023
Basis of Allotment27 December 2023
Initiation Refund28 December 2023
Credit to Demat Account28 December 2023
Listing Date29 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 26, 2023)

Indifra IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹14.04 Cr – 2,160,000 shares
Fresh Issue₹14.04 Cr – 2,160,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹65 per share
Lot size2000 Shares
Market Maker portion108,000 shares
Shareholding pre-issue5,130,000
Shareholding post-issue7,290,000
Listing ExchangeNSE SME

Indifra IPO Lot Size

Retail (Min)12000₹130,000
Retail (Max)12000₹130,000
HNI (Min)24,000₹260,000

Indifra IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered
Market Maker Shares Offered108,000 (5.00%)
Other Shares Offered1,026,000 (47.50%)
Retail Shares Offered1,026,000 (47.50%)
Total Shares Offered2,160,000 (100%)

Indifra Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income10.5139.9499.083.54
(Amount in ₹ Lakhs)

Indifra Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio11.23
RONW (%)41.3278.8582.45
ROCE (%)58.9283.6986.21
EBITDA (%)4.585.3714.60

Company Promoters

  • Mr. Abhishek Sandeepkumar Agrawal
  • Sandeepkumar Vishwanath Agrawal HUF

Promoter Holding

Pre Issue Share Holding96%
Post Issue Share Holding67.55%

Indifra IPO Lead Manager(s)

Shilp Corporate Park, B Block, 13th Floor,
B-1311-1314, Near Rajpath Club, RajpathRangoli Road,
S.G. Highway, Ahmedabad, Gujarat- 380054
Phone: 079 4918 5784

Indifra Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Indifra Contact Details

9, Krishna Villa, Nr. Aamrakunj Society, Karamsad,
V.V. Nagar Road, Karamsad, Anand- 388325, Gujarat
Phone: 02692-360191

Indifra IPO Allotment Status

Indifra IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Indifra IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *