Indifra IPO Date, Review, Price, Allotment Details

Indifra IPO Details: Indifra IPO date is fixed, The IPO will open on December 21 and will close on December 26. Indifra is an NSE SME IPO to raise ₹14.04 crores via IPO. The Indifra IPO price band is fixed at ₹65 with a market lot of ₹2000 shares.

Indifra IPO

Table of Contents

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.

ApplicationLot SizeSharesAmount
Retail Minimum12000₹130,000
Retail Maximum12000₹130,000
S-HNI Minimum24000₹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
YearRevenueExpensePAT
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/

Indifra IPO FAQs


What is Indifra IPO?

Indifra IPO is an NSE SME IPO. They are going to raise ₹14.04 Crores via IPO. The issue is priced at ₹65 per equity share. The IPO is to be listed on NSE.

When Indifra IPO will open?

The IPO is to open on December 21, 2023 for NII, and Retail Investors.

What is Indifra IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.

How to Apply the 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 Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Indifra”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Indifra IPO through Upstox?

Log in to Upstox 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 Upstox.

How to Apply the Indifra IPO through Paytm Money?

Log in to Paytm Money 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 Paytm Money.

What is Indifra IPO Size?

Indifra IPO size is ₹14.04 crores.

What is Indifra IPO Price Band?

Indifra IPO Price Band is ₹65 per equity share.

What is Indifra IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹130,000.

What is Indifra IPO Allotment Date?

Indifra IPO allotment date is December 27, 2023.

What is Indifra IPO Listing Date?

Indifra IPO listing date is December 29, 2023. The IPO to list on NSE SME.

Note: The Indifra IPO details are announced officially. The IPO grey market premium (Indifra IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)
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