Indifra Limited IPO🌐📈
📊 ISSUE DETAILS:
- IPO Size: Rs. 14.04 Cr (Fresh issue aggregating up to Rs. 14.04 Cr)
- Face Value: Rs 10 Per Equity Share
- Price Band: Rs 65 Per Share
- Min Investment: 1,30,000 (2000 Shares)
- Listing At: NSE SME
- Registrar: Kfin Technologies Limited
The company’s promoters are Mr Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF.
🏦 ABOUT THE COMPANY
Incorporated in 2009, Indifra Limited, previously known as Starleads Consultants Private Limited, provides infrastructure management, gas pipeline laying and electrical equipment distribution services.
The company has two business verticals:
- Pipeline and Infrastructure Management Contracting Services;
- Distribution of electrical appliances.
The company provides gas supply companies with their gas supply pipeline management. As of December 2023, the company is providing gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). The company has also worked for Adani Gas Limited.
The company also provides voltage stabilizers, induction cooktops, inverters, batteries, ceiling fans, domestic switch gears and DBs, air coolers, water heaters, modular switches, solar water heaters, air source heat pump water heaters, energy-saving fans and space heaters.
OFFER BREAKUP 📈
| Category | Allocation | Issue Size (Rs in Cr) |
| Other | 50% | 7.02 |
| Retail | 50% | 7.02 |
| Total | 100% | 14.04 |
IPO OBJECT🎯
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements.
- For General Corporate Purposes and Funding investments for acquisitions.
- To meet Public Issue Expenses.
IPO TIMELINE⏰
| IPO Open Date | 21-Dec -2023 |
| IPO Close Date | 26-Dec -2023 |
| Basis of Allotment Date | 27-Dec -2023 |
| Initiation of Refunds | 28-Dec -2023 |
| Credit of Shares to Demat Account | 28-Dec -2023 |
| IPO Listing Date | 29-Dec -2023 |
IPO STRENGTH🌐
- Asset Light Business Model
- Well-defined organizational structure
- Experienced Management Team
- Customer Relationship
- Existing Supplier Relationship
IPO RISK📉
- Their failure to perform under the standards prescribed in the work order of their client could result in loss of business or compensation payment.
- One of their business verticals is a high volume-low margin business.
- Their individual Promoters play a key role in their functioning and they heavily rely on their knowledge and experience in operating their business therefore, it is critical for their business that their promoters and Executive Directors remain associated with them.
- Their top 10 customers contribute a significant portion of our revenue from operations
FINANCIAL DATA💰
| Assets | Revenue | PAT | ||
| 2021 | 229.63 | 306.54 | 10.51 | |
| 2022 | 420.10 | 1092.41 | 39.94 | |
| 2023 | 312.46 | 1001.69 | 99.08 |
PEER COMPANIES
RBM Infracon Limited
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