Open Date

21 Dec 23

26 Dec 23

2000 shares

₹14.04 Cr

Lot Size

IPO Size

Listing At

NSE SME

Listing Date

Price Range

₹65

Close Date

Allotment Date

27 Dec 23

29 Dec 23

IPO Details

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.

About the Company

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. 

Objective

The book-running lead managers to the offer are: Beeline Capital Advisors Pvt Ltd

Book Runners

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