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indifra ipo

Indifra IPO

  • Status: Closed
  • RHP:
  • ₹ 130,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    21 Dec 2023

  • Close Date

    26 Dec 2023

  • IPO Price Range

    ₹ 65

  • IPO Size

    ₹ 14.04 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    29 Dec 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Indifra IPO Subscription Status

Last Updated: 03 January 2024 8:57 PM by 5Paisa

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. 

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

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


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. 
 

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FAQs

The minimum lot size of Indifra IPO is 2000 shares and the investment required is ₹1,30,000.

The price for Indifra IPO is ₹65 per share. 

Indifra IPO opens from 21st December to 26th December 2023.
 

The size of Indifra IPO is ₹14.04 cr. 

The share allotment date of Indifra IPO is 27th December 2023.

The Indifra IPO will be listed on 29th December 2023.

Beeline Capital Advisors Private Limited is the book-running lead manager for 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  
 

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.