Indifra Limited
listed
₹1.30LMin. investment
Indifra Limited IPO Details
Issue size
₹14.04Cr
IPO type
SME
Price range
₹65.00 – ₹65.00
Listing date
29 Dec 2023
Lot size
2000 shares
Price range₹65.00 – ₹65.00
IPO type
SME
Lot size2000 shares
Issue size₹14.04Cr
Indifra Limited Timeline
- Bid start21 Dec 2023
- Bid end26 Dec 2023
- Allotment23 Dec 2023
- Release of funds28 Dec 2023
- Demat transfer27 Dec 2023
- Listing29 Dec 2023
About Indifra Limited
Incorporated in 2009, Indifra limited cater to various gas distribution companies for management of their gas distribution pipelines. Under this vertical, they have catered to Adani Gas Limited and Charotar Gas Sahakari Mandali Limited (CGSML), for gas pipeline management services. Indifra limited started their gas pipeline management services with CGSML, the leading gas distribution company in the region and the world’s first co-operative Natural Gas Provider, in 2022 with a proposition to collaborate and provide comprehensive gas pipeline management services in Charotar region of Gujarat.
By leveraging its existing network and expertise in the gas pipeline management sector, they strategically capitalised on the synergies between the two businesses.
The company’s electrical appliances portfolio includes voltage stabilisers, 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.
The Company is consistent in its service round the year. With the backing of quality assurance of V-guard, our products comply with requisite safety standards. We are a quality conscious company. We are constantly striving to expand our line of products and we are always looking for complementary products that will add to our range of products.
Their revenue mix consists of following major business verticals:
- Pipeline and Infrastructure Management Contracting Services;
- Distribution of electrical appliances;
Indifra Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives.
- To Meet Working Capital Requirements
- For General Corporate Purpose and Funding investments for acquisitions
- To meet Public Issue Expenses
Here are key details about the Indifra Limited IPO:
| Company Name | Indifra Limited | Indifra Limited IPO Opening Date | December 21, 2023 | |
|---|---|---|---|---|
| Company Incorporated On | 2009Indifra Limited IPO Price band | ₹65 per share |
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Indifra Limited Contact Details
Company NameIndifra Limited
How to apply for Indifra Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.