As of the date of this Prospectus, Indifra caters to various gas distribution companies for the management of their gas distribution pipelines. Under this vertical, in the past, they have catered to Adani Gas Limited. As of date, they cater to Charotar Gas Sahakari Mandali Limited (CGSML), for gas pipeline management services. they started their gas pipeline management services with CGSML the leading gas distribution company in the region and the world’s first cooperative Natural Gas Provider, in the year 2022 with a proposition to collaborate and provide comprehensive gas pipeline management services in the Charotar region of Gujarat.
The successful execution of projects for CGMSL and Adani Gas Limited further enhanced their reputation as a reliable and preferred vendor amongst gas distribution companies. The company’s commitment to delivering high-quality services, adherence to strict timelines, and continuous investment in cutting-edge technology sets them apart in the industry.
In FY 2017, Indifra seized upon an opportunity to expand its business horizon by venturing into the sales of electrical appliances. Recognizing the increasing demand for high-quality products that enhance the comfort and convenience of customers, the company became a key distributor for V Guard, a renowned brand in the electrical appliances industry, catering to the needs of customers in the Gujarat region.
Objects of the Issue:
- To Meet Working Capital Requirements.
- For General Corporate Purposes and Funding investments for acquisitions.
- To meet Public Issue Expenses
Indifra IPO Review
- Avoid
Indifra IPO Date & Price Band Details
| IPO Open: | December 21, 2023 |
| IPO Close: | December 26, 2023 |
| IPO Size: | Approx ₹14.04 Crores, 2,160,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Indifra IPO Market Lot
The Indifra IPO minimum market lot is 2000 shares with a ₹130,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹130,000 |
| Retail Maximum | 1 | 2000 | ₹130,000 |
| S-HNI Minimum | 2 | 4000 | ₹260,000 |
Indifra IPO Dates
The Indifra IPO date is December 21 and the IPO close date is December 26. The IPO allotment date is December 27 and the IPO might list on December 29.
| IPO Open Date: | December 21, 2023 |
| IPO Close Date: | December 26, 2023 |
| Basis of Allotment: | December 27, 2023 |
| Refunds: | December 28, 2023 |
| Credit to Demat Account: | December 28, 2023 |
| IPO Listing Date: | December 29, 2023 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Indifra IPO Form
How to apply Indifra IPO? You can apply Indifra IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Indifra IPO in the Invest section. The other option you can apply Indifra IPO via IPO forms download via the NSE website. Check out the Indifra forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Indifra Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹3.07 | ₹2.92 | ₹0.11 |
| 2022 | ₹10.92 | ₹10.39 | ₹0.40 |
| 2023 | ₹10.07 | ₹8.67 | ₹0.99 |
| 2024 3M | ₹0.64 | ₹0.60 | ₹0.04 |
Indifra IPO Valuation – FY2023
Check Indifra IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹5.79 per Equity Share |
| Price/Earning P/E Ratio: | 11.23 |
| Return on Net Worth (RoNW): | 82.45% |
| Net Asset Value (NAV): | ₹9.92 per Equity Share |
Peer Group
- RBM Infracon Limited
Company Promoters
- Mr. Abhishek Sandeepkumar Agrawal
- Sandeepkumar Vishwanath Agrawal HUF
Indifra IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/
Indifra IPO Allotment Status
Check Indifra IPO allotment status on Kfin Technologies website URL. Click Here
Indifra IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Indifra Limited
9, Krishna Villa,
Nr. Aamrakunj Society, Karamsad, V.V. Nagar Road,
Karamsad, Anand- 388325
Phone: 02692-360191
Email: [email protected]
Website: https://www.indifra.com/
