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