What you must know about Indifra IPO?
by 5paisa Research Team
19 Dec 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 29-Dec-23
- IPO Price Range ₹ 65
- Listing Price ₹ 72
- Listing Change 10.8%
- Last Traded Price ₹ 39.1
- Current Change -39.8%
Indifra IPO Details
- Open Date 21-Dec-23
- Close Date 26-Dec-23
- Lot Size 2000
- IPO Size ₹ 14.04 Cr
- IPO Price Range ₹ 65
- Min Investment ₹ 130000
- Listing Exchange NSE SME
- Basis of Allotment 27-Dec-23
- Refunds 28-Dec-23
- Credit to Demat Account 28-Dec-23
- Listing Date 29-Dec-23
Indifra IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Dec-23 | - | 0.25 | 1.23 | 0.74 |
| 22-Dec-23 | - | 0.31 | 3.39 | 1.85 |
| 26-Dec-23 | - | 2.34 | 12.07 | 7.21 |
Indifra IPO Synopsis
Indifra Limited IPO is all set to open from 21st December to 26th December 2023. The company is involved in the business of managing gas distribution pipelines and distributing electric equipment. The IPO includes a fresh issue of 2,160,000 shares worth ₹14.04 cr. The share allotment date is 27th December, and the IPO will be listed on 29th December on the stock exchanges. The price is ₹65 per share and the lot size is 2000 shares.
Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while KFIN Technologies Limited is the registrar.
Objectives of Indifra IPO:
Indifra Limited plans to utilize the raised capital from the IPO to:
● To fund acquisitions.
● To fund working capital requirements.
● General corporate purposes.
● For public issue-related expenses.
About Indifra
Incorporated in 2010, Indifra Limited is involved in the business of managing gas distribution pipelines. The company offers services of pipeline and infrastructure management and distribution of electrical appliances as a trading vertical. It has worked for Charotar Gas Sahakari Mandali Limited (CGSML) and Adani Gas Limited in the past.
In 2017, Indifra ventured into the electric appliances business and currently has a distributorship of V Guard. Its electric appliances product line includes 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-saving fans, and room heaters.
Peer Comparison
● RBM Infracon Limited
For More Information:
Webstory on Indifra IPO
Know About Indifra IPO
Indifra Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 10.01 | 10.91 | 3.01 |
| EBITDA | 1.46 | 0.59 | 0.14 |
| PAT | 0.99 | 0.40 | 0.10 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 3.12 | 4.20 | 2.30 |
| Share Capital | 0.01 | 0.01 | 0.01 |
| Total Borrowings | 1.43 | 3.49 | 1.99 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -1.88 | 0.72 | -0.69 |
| Net cash from / (used in) investing activities | -0.0004 | -0.003 | -0.013 |
| Net cash flow from / (used in) financing activities | -0.24 | -0.0012 | 0.41 |
| Net increase (decrease) in cash and cash equivalents | -2.12 | 0.72 | -0.29 |
Indifra IPO Key Points
-
Strengths
1. The company has a well-defined organizational structure.
2. It has a strong supplier relationship.
3. Its customer relationship is also positive and growing.
4. It operates on an asset-light business model.
5. Experienced management team.
-
Risks
1. It is a high volume-low margin business.
2. Higher working capital requirements.
3. It has reported negative cash flows in the past.
4. The inability to renew or maintain the agreement with V Guard can impact the electric appliances distribution business.
5. It is dependent on a single customer for Gas Pipeline and Infrastructure Management business.
Indifra
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open account in 5 minutes
Be a part of the 5paisa community now with 10 million mobile app users
There is some issue, try later
By Proceeding, you agree T&C*
Indifra IPO FAQs
What is the minimum lot size and investment required for the Indifra IPO?
The minimum lot size of Indifra IPO is 2000 shares and the investment required is ₹1,30,000.
What is the price band of Indifra IPO?
The price for Indifra IPO is ₹65 per share.
When does the Indifra Limited IPO opens and closes?
Indifra IPO opens from 21st December to 26th December 2023.
What is the size of the Indifra IPO?
The size of Indifra IPO is ₹14.04 cr.
What is the allotment date of the Indifra IPO?
The share allotment date of Indifra IPO is 27th December 2023.
What is the Indifra IPO listing date?
The Indifra IPO will be listed on 29th December 2023.
Who are the book runners for the Indifra IPO?
Beeline Capital Advisors Private Limited is the book-running lead manager for Indifra IPO.
What is the objective of Indifra IPO?
Indifra Limited plans to utilize the raised capital from the IPO to:
1. To fund acquisitions.
2. To fund working capital requirements.
3. General corporate purposes.
4. For public issue-related expenses
How to apply for the Indifra IPO?
To apply for Indifra IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Indifra Limited IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Indifra IPO
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: indifra.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Indifra IPO Lead Manager
Beeline Capital Advisors Pvt Ltd
Indifra IPO Related Articles
