About Indifra Limited
Indifra Limited is launching its IPO. The IPO opens for subscription on 21st December and will close on 26th December 2023.
Disclaimer: This stock will trade with a lot size of 2000 shares in the SME segment on the listing.
What does Indifra Limited do?
Established in 2009, the company specializes in infrastructure management contracting and the distribution of electrical appliances. The firm operates primarily in two business segments:
- Pipeline and Infrastructure Management Contracting Services: The company offers comprehensive services in managing gas distribution pipelines. As of the latest update, the company has provided these services to Charotar Gas Sahakari Mandali Limited (CGSML) and has previously worked with Adani Gas Limited.
- Distribution of Electrical Appliances: The company has expanded its business scope by becoming a distributor of electrical appliances, including a range of products like voltage stabilizers, induction cooktops, inverters, and more, under the brand V Guard.
Schedule of Indifra Limited IPO
| Issue Period | 21st December to 26th December 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | December 27, 2023 |
| Initiation of Refunds | December 28, 2023 |
| Credit of Shares | December 28, 2023 |
| Date of Listing | December 29, 2023 |
| Mandate end date | January 10, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | January 26, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | March 26, 2024 |
How to apply to the Indifra Limited IPO?
You can apply for the Indifra Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Indifra Limited IPO?
You can check the allotment status for the Indifra Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.