Indifra IPO subscribed 1.26 times on Day 2. Check price, issue size & other details
The retail portion received consolidated bids of 2,396,000 share bids, while the non-institutional investors (NIIs) received 328,000 bids. The qualified institutional buyers (QIBs) were yet to open the account around 1 pm for this SME IPO issue.
Indifra IPO price
It is a fixed price issue with a share price fixed at Rs 65 and a face value of Rs 10 per share.
Indifra IPO issue size
Indifra IPO is a fixed price issue of Rs 14.04 crore. The IPO is entirely a fresh issue of 21.6 lakh shares.
Indifra IPO timeline
The issue will end on December 26, Tuesday. The allotment of shares will likely be finalised on December 27 while the shares are expected to get credited on December 28, Thursday. The initiation of refunds to those subscribers who have not got allotments will also be on December 28. The stock is likely to be listed on December 29, Friday on NSE SME.
Indifra IPO lot size
Investors can bid for a minimum of 2,000 shares and in multiples thereof. Retail investors can subscribe up to lots not exceeding Rs 2 lakh.
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About Indifra
Erstwhile Starleads Consultants Private Limited, the company was incorporated in 2009 and it provides infrastructure management contracting, gas pipeline laying and electrical equipment distribution services. It has two business verticals — pipeline & infrastructure management contracting services and distribution of electrical appliances.
The company provides gas supply companies with the management of their gas supply pipelines. As of December 2023, the company is providing gas pipeline management services to Charotar Gas Sahakari Mandali Limited (CGSML). The company has also worked
