Indifra Limited IPO
Indifra Limited IPO
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Indifra Limited's successfully transitioned to public market status with its listing on NSE on 29-12-2023. The IPO mobilized 21,60,000 Shares in cumulative capital, including TBD for corporate expansion.
The public offering was conducted within the price parameters of ₹65 to ₹65, with minimum investment lots of 2000 shares. subscription activity between 21-12-2023 and 26-12-2023 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on 27-12-2023, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Indifra Limited IPO About Company
Founded in 2009, Indifra Limited (formerly Starleads Consultants Private Limited) specializes in infrastructure management, gas pipeline services, and electrical equipment distribution. The company operates in two key areas: Pipeline & Infrastructure Management – Managing and maintaining gas supply pipelines. As of December 2023, they provide gas pipeline services for Charotar Gas Sahakari Mandali Limited (CGSML) and have also worked with Adani Gas Limited. Electrical Appliance Distribution – Supplying a wide range of electrical products, including: Voltage stabilizers Induction cooktops Inverters & batteries Ceiling fans & energy-saving fans Switch gears, DBs & modular switches Air coolers & water heaters Solar & air-source heat pump water heaters Space heaters With expertise in both gas infrastructure and electrical solutions, Indifra Limited continues to serve industries with reliable and high-quality services.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indifra Limited IPO Strength Factors
NA
Indifra Limited IPO Risk Factors
NA
Indifra Limited IPO Lead Manager(s)
- Beeline Capital Advisors Private Limited
Indifra Limited IPO Promoter(s)
- Mr. Abhishek Sandeepkumar Agrawal
- Sandeepkumar Vishwanath Agrawal HUF
Indifra Limited IPO FAQs
Indifra Limited IPO subscribed 7.26 times. The public issue subscribed 12.07 times in the retail category,--times in QIB, and -- times in the HNI (10+) category byMarch 15, 2025 6:00:01 AM (Day 15).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Indifra Limited IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Indifra Limited IPO FAQs
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