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 name | Indifra Limited |
| Sector | Infrastructure |
| Industry | Engineering – Construction |
| Company Website | https://www.indifra.com/ |
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 date | 21 December 2023 |
| IPO Closing | 26 December 2023 |
| Basis of Allotment | 27 December 2023 |
| Initiation Refund | 28 December 2023 |
| Credit to Demat Account | 28 December 2023 |
| Listing Date | 29 December 2023 |
Indifra IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.04 Cr – 2,160,000 shares |
| Fresh Issue | ₹14.04 Cr – 2,160,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹65 per share |
| Lot size | 2000 Shares |
| Market Maker portion | 108,000 shares |
| Shareholding pre-issue | 5,130,000 |
| Shareholding post-issue | 7,290,000 |
| Listing Exchange | NSE SME |
Indifra IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹130,000 |
| Retail (Max) | 1 | 2000 | ₹130,000 |
| HNI (Min) | 2 | 4,000 | ₹260,000 |
Indifra IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 108,000 (5.00%) |
| Other Shares Offered | 1,026,000 (47.50%) |
| Retail Shares Offered | 1,026,000 (47.50%) |
| Total Shares Offered | 2,160,000 (100%) |
Indifra Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 301.61 | 1,091.29 | 1,001.05 | 62.81 |
| Expenses | 292.45 | 1,038.98 | 867.07 | 59.53 |
| Net income | 10.51 | 39.94 | 99.08 | 3.54 |
Indifra Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.61 | 2.34 | 5.79 |
| PE ratio | – | – | 11.23 |
| RONW (%) | 41.32 | 78.85 | 82.45 |
| NAV | 1.79 | 4.13 | 9.92 |
| ROCE (%) | 58.92 | 83.69 | 86.21 |
| EBITDA (%) | 4.58 | 5.37 | 14.60 |
| Debt/Equity | 1.47 | 0.72 | 0.23 |
Company Promoters
- Mr. Abhishek Sandeepkumar Agrawal
- Sandeepkumar Vishwanath Agrawal HUF
Promoter Holding
| Pre Issue Share Holding | 96% |
| Post Issue Share Holding | 67.55% |
Indifra IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
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
Email: mb@beelinemb.com
Website: www.beelinemb.com
Indifra Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: indifra.ipo@kfintech.com
Website: www.kfintech.com
Indifra Contact Details
INDIFRA LIMITED
9, Krishna Villa, Nr. Aamrakunj Society, Karamsad,
V.V. Nagar Road, Karamsad, Anand- 388325, Gujarat
Phone: 02692-360191
E-mail: shares@indifra.in
Website: www.indifra.com
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
