Indifra Limited provides infrastructure management contracting, gas pipeline laying and electrical equipment distribution services. The company was previously known as Starleads Consultants Private Limited.
The company has two business verticals:
- Pipeline and Infrastructure Management Contracting Services.
- Distribution of electrical appliances.
The company provides gas supply companies with the management of their gas supply pipelines. As of December 2023, the company is providing gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). The company has also worked for Adani Gas Limited.
The company also provides 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 have a total of 11 Employees.
Indifra IPO – Details
| IPO Opening Date | 21 December 2023 |
| IPO Closing Date | 26 December 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 21,60,000 Shares Worth ₹14.04 Crore Fresh Issue: 21,60,000 Shares Worth ₹14.04 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹65 |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Indifra IPO – Date Schedule
| IPO Open Date | 21 December 2023 |
| IPO Close Date | 26 December 2023 |
| Basis of Allotment | 27 December 2023 |
| Initiation of Refund | 28 December 2023 |
| Credit of Shares to Demat Account | 28 December 2023 |
| IPO Listing Date | 29 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Dec 26, 2023 |
Indifra IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 2000 | 1,30,000 |
| Retail (Maximum) | 1 | 2000 | 1,30,000 |
| HNI (Minimum) | 2 | 4000 | 2,60,000 |
Company Promoters
- Mr. Abhishek Sandeepkumar Agrawal
- Sandeepkumar Vishwanath Agrawal HUF
Object Of The Issue
- To Meet Working Capital Requirements.
- For General Corporate Purposes and Funding investments for acquisitions.
- To meet Public Issue Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 3.06 | 2.92 | 0.10 | 0.45 |
| 31 March 2022 | 10.92 | 10.38 | 0.40 | 0.50 |
| 31 March 2023 | 10.01 | 8.67 | 0.99 | 0.38 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 11.23 |
| ROE | 82.45% |
| ROCE | 86.21% |
| EPS (Rs) | 5.79 |
| RoNW | 82.45% |
Indifra IPO Promoter Holding
| Pre Issue Share Holding | 96.00% |
| Post Issue Share Holding | 67.55% |
Indifra IPO Prospectus
Company Contact Information
| Indifra Limited 9, Krishna Villa, Nr. Aamrakunj Society, Karamsad, V.V. Nagar Road, Karamsad, Anand- 388325 Phone: 02692-360191 Email: shares@indifra.in Website: https://www.indifra.com/# |
Indifra IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: indifra.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Indifra IPO Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Indifra IPO FAQs
| What is Indifra IPO? Indifra IPO is a SME IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE SME. |
| When Indifra IPO will open? The IPO is to open on 21 December 2023 for Retail – 50% and Other – 50% Investors. |
| How to Indifra IPO? You can apply Indifra IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Indifra IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Indifra”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Indifra IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Indifra”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Indifra IPO Size? Indifra IPO size is ₹14.04 crores. |
| What is Indifra IPO Price Band? Indifra IPO Price Band is ₹65. |
| What is Indifra IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,30,000 amount while the maximum bid is 2000 shares with ₹1,30,000. |
| What is the Indifra IPO Allotment Date? Indifra IPO allotment date is 27 December 2023. |
| What is the Indifra IPO Listing Date? Indifra IPO listing date is 29 December 2023. The IPO is to list on NSE SME. |
