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SME IPO Status: Listed [21st Dec 2023 to 26th Dec 2023]
Indifra IPO, a SME IPO of ₹14.04 Cr was launced on 21-12-2023 to 26-12-2023 and the shares got listed on NSE SME on 29-12-2023.
The public issue of Indifra IPO (INDIFRA) was offered at ₹65.00 per share and the ipo was listed at ₹72. It has delivered listing gain of 10.77%.
As the minimum lot size was 2000 shares, the IPO has offered Rs 14000 per lot return on listing.
| SME IPO Issue Opening Date: | 21st Dec 2023 |
| SME IPO Issue Closing Date: | 26th Dec 2023 |
| SME IPO Issue Price: | ₹65.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹14.04 Cr |
| Fresh Issue: | ₹14.04 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 96% |
| Promoter Holding Post IPO: | 67.55% |
| Allotment Status: | Allotment Status |
| NSE Code: | INDIFRA |
Get important updates regarding Indifra SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Dec 2023 |
| Refunds Initiation* | 28th Dec 2023 |
| Credit of Shares to Demat* | 28th Dec 2023 |
| SME IPO Listing Date* | 29th Dec 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹65.00 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹130000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-12-2023 | 65.00 | 0 | -- | ₹65 (0%) | 29-Dec-2023 9:28 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Indifra Limited was originally founded as “Starleads Consultants Private Limited” in 2009 and supports various gas supply companies in the management of their gas supply pipelines. In the past, the company has also supplied Adani Gas Limited in this area. Today, the company provides gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). The collaboration with CGSML, the leading gas distribution company in the region and the world’s first cooperative gas distribution company, began in 2022 with a proposal 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 has further strengthened the company's reputation as a reliable and preferred provider among gas utilities. The company's commitment to providing quality services, adherence to strict timelines and continuous investment in cutting edge technology sets us apart in the industry.
The company's sales are made up of the following main business areas:
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | GAS Distribution | ₹14.04 Cr | https://www.indifra.com/# |
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 1,026,000 (50%) | 1,026,000 (50%) | 2,052,000 | |
| 1 | 21st Dec 2023 19:32 | 0.25x | 1.23x | 0.74x |
| 2 | 22nd Dec 2023 19:31 | 0.31x | 3.39x | 1.85x |
| 3 | 26th Dec 2023 18:50 | 2.34x | 12.07x | 7.21x |
Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 630.24 | 312.46 | 420.10 | 229.63 |
| Revenue | 64.28 | 1,001.69 | 1,092.41 | 306.54 |
| Profit After Tax | 3.54 | 99.08 | 39.94 | 10.51 |
| Net Worth | 533.25 | 169.70 | 70.62 | 30.68 |
| Reserves and Surplus | 20.25 | 168.70 | 69.62 | 29.68 |
| Total Borrowing | 38.26 | 50.61 | 45.05 | |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Indifra Limited | 5.79 | 5.79 | 9.92 | 11.23 | 82.45 | Standalone |
| RBM Infracon Limited | 5.13 | 20.42 | 11.01 | 18.49 | Standalone |
Last Updated on 02-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Indifra SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Indifra SME IPO with Zerodha.
Alternate approch to apply in Indifra SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Indifra SME IPO Review and Important Updates
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To subscribe or apply in Indifra SME IPO, you can use the following methods:
| Indifra SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Indifra SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Indifra SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Indifra SME IPO. Most of the Syndicate Banks provide access to apply in Indifra IPO via ASBA process. You must have your net banking access, DP ID information to apply in Indifra SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Indifra SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Indifra SME IPO Review and Important Updates
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Indifra SME IPO is going to be list on 29-12-2023. NSE Code for Indifra is INDIFRA.
Other relevant questions:
When Indifra SME IPO will be listing? Indifra SME IPO NSE listing date?Indifra SME IPO date of listing
Indifra SME IPO Allotment Date is 27-12-2023.
Other relevant questions:
Indifra SME IPO share allotment date?Indifra SME IPO allotment date?
