Indifra IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 27, 2023Let’s have a detailed review of the company and analytics of the Indifra IPO release date, IPO offer price, subscription, Indifra Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 65 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 2000 Shares |
| Listing Date | December 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1404 Lakh |
| IPO Size | Rs 1404 Lakh |
| Tick Size | 1 |
Indifra IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Indifra Share Price |
Indifra IPO – Summary
Their Company was originally incorporated as “Starleads Consultants Private Limited” as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 20, 2009, issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli.
Subsequently, the name of their Company was changed from “Starleads Consultants Private Limited” to “Airan Infrastructure Private Limited”, pursuant to a special resolution passed by their Shareholders in the Extra-Ordinary General Meeting held on January 6, 2012, vide Certificate of Incorporation.
The Promoter of this company is MR. ABHISHEK SANDEEPKUMAR AGRAWAL AND SANDEEPKUMAR VISHWANATH AGRAWAL HUF. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is KFIN TECHNOLOGIES LIMITED.
Indifra IPO Date
The opening and closing dates of Indifra IPO are December 21, 2023 and December 26, 2023 respectively.
Indifra IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 21st Dec | 0.25x | 1.23x | 0.74x |
| 2nd Day – 22nd Dec | 0.31x | 3.39x | 1.85 |
| 3rd Day – 26th Dec | 2.34x | 12.07x | 7.21x |
| Shares Offered or Net Issue | 1,026,000 | 1,026,000 | 2,160,000 |
The shares subscribed by the public will be updated here.
Indifra IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Indifra Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 27, 2023 |
| Refunds Initiation | December 28, 2023 |
| Credit of Shares to Demat Account | December 28, 2023 |
| Share Listing Date | December 29, 2023 |
Indifra IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.65
Indifra IPO Equity Size
This Initial Public Issue of 2,160,000 Equity Shares of Rs.10 each for cash at a price of Rs.65 per equity share aggregating to Rs.1404 Lakh.
Indifra IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,160,000 Equity Shares of Rs.10/ each.
Issue Size: 2,160,000 Equity Shares of Rs.10 each, aggregating to Rs.1404 Lakh
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Indifra IPO – Live Performance
The listing date of this IPO is December 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Indifra Share Price |
Indifra IPO Grey Market Premium
The Indifra Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Indifra IPO – Company Overview
Further, their Company was converted from a private limited company to a public limited company pursuant to a special resolution passed in the Extraordinary General Meeting of the company dated May 11, 2023.
Consequently, the name of their Company was changed to “Indifra Limited” and a fresh certificate of incorporation dated May 18, 2023, was issued to their Company by the Registrar of Companies, Ahmedabad.
The Corporate Identification Number of their Company is U45200GJ2009PLC056995. Their company was originally incorporated by Poonam Sandeepkumar Agrawal, Bhoomika Gupta, Pankhini Joshi and Leelawati Dubey.
Their current promoters Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF acquired control of their company in FY 2023 and FY 2024, respectively
Indifra IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 630.24 | 312.46 | 420.10 | 229.63 |
| *Total Revenue | 64.28 | 1,001.69 | 1,092.41 | 306.54 |
| Total Expense | 59.53 | 867.07 | 1,038.98 | 292.45 |
| Profit After Tax | 3.54 | 99.08 | 39.94 | 10.51 |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 0.07 | 5.79 | 2.34 | 0.61 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 99.08 Lakh, Rs. 39.94 Lakh and Rs. 10.51 Lakh respectively.
Indifra IPO – Promoters
The Promoter of this company is:
- MR. ABHISHEK SANDEEPKUMAR AGRAWAL
- SANDEEPKUMAR VISHWANATH AGRAWAL HUF
List of Related Parties (Key Managerial Personnel)
- Abhishek Sandeepkumar Agrawal – Chairman and Managing Director
- Vipulchandra Girishchandra Goswami – Executive Director
- Bhoomika Aditya Gupta – Non-Executive Director
- Siddharth Sampatji Dugar – Independent Director
- Ajit Gyanchand Jain – Independent Director
Indifra IPO – Promoters Holding
- Pre-Issue Share Holding – 96%
- Post-Issue Share Holding – 67.55%
Indifra IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,160,000 Equity Shares aggregating up to Rs.1404 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 108000 Equity Shares aggregating up to Rs.70.20 Lakh |
| Net Issue to the Public | Up to 2052000 Equity Shares aggregating up to Rs. 1333.80 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 1026000 Equity Shares |
| Other than Retail Individual Investors | Not more than 1026000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 5130000 Equity Shares |
| Equity Shares outstanding after the Issue | 7290000 Equity Shares |
Indifra IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirements
- For General Corporate Purposes and Funding investments for acquisitions
- To meet Public Issue Expenses
Indifra IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Reduction of operational costs and achieving efficiency
- To increase brand visibility
- Maintaining an edge over competitors
- Customer Satisfaction
Indifra IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Well-defined organizational structure
- Existing Supplier Relationship
- Customer Relationship
- Asset Light Business Model
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 5.79 | 82.45% | 9.92 |
| 31-Mar-22 | 2.34 | 78.85% | 4.13 |
| Mar-21 | 0.61 | 41.32% | 1.79 |
Indifra IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from operations (Rs. in Lakhs) | |
| Indifra Limited | 10 | 11.23 | 5.79 | 82.45 | 1001.05 |
| Listed Peers | |||||
| RBM Infracon Limited | 10 | 11.01 | 5.13 | 18.49 | 8319.27 |
Indifra IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: Shilp Corporate Park, B Block, 13th Floor, B-1311-1314, Near Rajpath Club, Rajpath Rangoli Road, S.G. Highway, Ahmedabad, Gujarat- 380054, India. Telephone Number: 079 49185784 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Indifra IPO Registrar to offer
| Registrar to the Offer |
| KFIN TECHNOLOGIES LIMITED SEBI Registration Number: INR000000221 Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India. Tel. Number: +91 40 6716 2222 Email Id: indifra.ipo@kfintech.com Investors Grievance Id: einward.ris@kfintech.com Website: www.kfintech.com Contact Person: M Murali Krishna CIN: U72400TG2017PLC117649 |
Indifra IPO – Other Details
- Statutory Auditor – M/s. Deora Maheshwari & Co., Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company – HDFC BANK LIMITED
Indifra IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Indifra Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Indifra IPO Review FAQs
Check out various FAQs related to Indifra IPO:
What is the Issue Size of Indifra IPO?
The Company is making an initial public offer of 2,160,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Indifra IPO?
The price band for this particular IPO ranges between Rs 65. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Indifra IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 21, 2023, while the closing date is set at December 26, 2023.
What is the Indifra IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 27, 2023, refund initiation is on December 28, 2023, credit of shares is on December 28, 2023, and share listing date is on December 29, 2023.
What is the Indifra IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 29, 2023. The date, when the listing would be done, is stagnant on December 29, 2023.
Who is the Registrar of Indifra IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFIN TECHNOLOGIES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Indifra IPO?
Here are the promoters of this IPO – MR. ABHISHEK SANDEEPKUMAR AGRAWAL AND SANDEEPKUMAR VISHWANATH AGRAWAL HUF. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Indifra IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Indifra IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Indifra Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is NA, 2022 is NA, and 2021 is NA. PAT from Jun 2023 is NA.
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