IPO : Indifra Limited
Indifra Limited IPO
| SYMBOL | INDIFRA |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | Thursday, December 21, 2023 |
| ISSUE CLOSES ON | Tuesday, December 26, 2023 |
| ISSUE PRICE | ₹65 per share |
| ISSUE SIZE | Up to Rs.14.04 Crores |
| FACE VALUE | Rs.10 per share |
Indifra IPO is a fixed price issue of Rs 14.04 crores. The issue is entirely a fresh issue of 21.6 lakh shares.
Thank you for reading this post, don't forget to subscribe!Indifra IPO opens for subscription on December 21, 2023 and closes on December 26, 2023. The allotment for the Indifra IPO is expected to be finalized on Wednesday, December 27, 2023. Indifra IPO will list on NSE SME with tentative listing date fixed as Friday, December 29, 2023.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.130,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.130,000 |
| PROMOTER HOLDING | 67.55% (Post-issue) |
| LISTING DATE | Friday, December 29, 2023 |
| LISTING AT | NSE, SME |
Indifra IPO price is ₹65 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹260,000.
Objects of the Issue (Indifra IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
- 1. To Meet Working Capital Requirements
- 2. For General Corporate Purposes and Funding investments for acquisitions
- 3. To meet Public Issue Expenses
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