Indifra Limited, formerly known as Starleads Consultants Private Limited, was incorporated in 2009. The company specializes in providing infrastructure management, gas pipeline laying, and distribution services for electrical equipment. It operates in two main business verticals: Pipeline and Infrastructure Management Contracting Services, and Distribution of electrical appliances.
As of December 2023, the company is engaged in managing gas supply pipelines for Charotar Gas Sahakari Mandali Limited (CGSML) and has worked with Adani Gas Limited. Additionally, Indifra distributes various electrical products such as voltage stabilizers, induction cooktops, inverters, batteries, fans, water heaters, and more.
### Financial Information:
– Revenue for the financial year ending March 31, 2023, decreased by -8.3%, while the profit after tax (PAT) increased by 148.07% compared to the previous year.
– As of June 30, 2023, the company’s assets, revenue, profit after tax, net worth, and reserves and surplus are detailed in the provided financial table.
– Key performance indicators (KPIs) include a price-to-earnings ratio (P/E) of 11.23, return on equity (ROE) of 82.45%, return on capital employed (ROCE) of 86.21%, earnings per share (EPS) of Rs 5.79, and return on net worth (RoNW) of 82.45%.
### IPO Details:
– The IPO opens for subscription on December 21, 2023, and closes on December 26, 2023.
– The issue comprises a fresh issue of 2,160,000 shares at a fixed price of ₹65 per share, aggregating to ₹14.04 crores.
– The minimum lot size for an application is 2000 shares, requiring a minimum investment of ₹130,000 for retail investors and ₹260,000 for High Net Worth Individuals (HNI).
– The tentative listing date on NSE SME is December 29, 2023.
### IPO Timeline:
– Basis of Allotment: December 27, 2023
– Initiation of Refunds and Credit of Shares to Demat: December 28, 2023
– Listing Date: December 29, 2023
### Promoter Holding:
Mr. Abhishek Sandeepkumar Agrawal and Sandeepkumar Vishwanath Agrawal HUF are the promoters of the company. The shareholding pre-issue is 96%, and post-issue is 67.55%.
### Objects of the Issue:
The proceeds from the fresh issue will be utilized for working capital requirements, general corporate purposes, funding investments for acquisitions, and meeting public issue expenses.
### IPO Prospectus:
– The Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) provide detailed information about the Indifra IPO.
This information is subject to change, and investors are encouraged to refer to the official documents and consult financial professionals for accurate and up-to-date details.
