Indifra Limited

About the company

## **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: 1. Pipeline and Infrastructure Management Contracting Services;  1. 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. 1. To Meet Working Capital Requirements 1. For General Corporate Purpose and Funding investments for acquisitions  1. 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|**2009**Indifra Limited IPO Price band|**₹65 per share**

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   21 Dec 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   26 Dec 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   23 Dec 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   28 Dec 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   27 Dec 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   29 Dec 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.