Indifra Limited IPO

Price
₹65
Lot
2000
Subs.
7.21
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 21-Dec-2023
Close Date: 26-Dec-2023
Allotment Date: 27-Dec-2023
Listing Date: 29-Dec-2023
Listing Price: ₹58.45/-
Face Value: ₹10 Per Equity Share
Issue Price: ₹65 Per Equity Share
Issue Size: Total Issue Size 2,160,000 shares (aggregating up to ₹14.04 Cr) : Fresh Issue 2,160,000 shares (aggregating up to ₹14.04 Cr)
Market Lot (Min Amount): Retail - ₹130,000 : HNI - ₹260,000
Subscription Details Updated at End of the Day

As on

QIB / Nll

Rll

Total

Shares Offered/Reserved1,026,0001,026,0002,052,000
Day 1 - 21-12-23 
05:00 PM
0.25x1.23x0.74x
Day 2 - 22-12-23 
05:00 PM
0.31x3.39x1.85x
Day 3 - 26-12-23 
05:00 PM
2.34x12.07x7.21x
Total No. of Application:6,191 (Approx.)
Retail Subscription on the basis of Apps:12.07x
Valuations

Earning Per Share(EPS)5.79/-
P/E Ratio11.23
RoNW82.45%
Net Asset Value (NAV) - Post Issue:9.92/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20232,537.711,417.333,37.31
31 Mar,20221,422.66888.8880.99
31 Mar,20211,351.82691.5026.66
Promoter(s)

Pre Issue Share Holding96%
Post Issue Share Holding67.55%
Company Promoter(s)
1. Mr. Abhishek Sandeepkumar Agrawal
2. Sandeepkumar Vishwanath Agrawal HUF
Issue Objective(s)

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:

  1. To Meet Working Capital Requirements
  2. For General Corporate Purposes and Funding investments for acquisitions
  3. To meet Public Issue Expenses
About Company

Incorporated in 2009, 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:

  1. Pipeline and Infrastructure Management Contracting Services.
  2. 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.

Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

If you are agree with app tems and condition to use the app. 

Thank you.