Gujarat Primarily based Infrastructure Administration Firm, Indifra Ltd is planning to lift Rs. 14.04 crore from its SME public challenge. The general public challenge opened for subscription on December 21 and closed on December 27. The Proceeds of the general public challenge will likely be used for funding funding for acquisition, meet working capital necessities, and Common Company Functions.Beeline Capital Advisors Pvt Ltd is the lead supervisor of the problem.
The preliminary public providing includes a recent challenge of 21.60 lakh fairness shares of face worth Rs 10 every at a value of Rs 65 per share (together with a premium of Rs 55 per fairness share) aggregating as much as Rs 14.04 crore. The minimal lot dimension for the appliance is 2000 shares which interprets into an funding of Rs 1.30 lakh per utility. The corporate has acquired approval to launch its public challenge on the NSE Emerge Platform of the Nationwide Inventory Trade.
Included in 2009, Indifra Restricted offers infrastructure administration contracting, fuel pipeline laying and electrical tools distribution companies. The corporate has two enterprise verticals together with Pipeline and Infrastructure Administration Contracting Companies and Distribution {of electrical} home equipment. The corporate offers fuel provide firms with the administration of their fuel provide pipelines. As of December 2023, the corporate is offering fuel pipeline administration companies to Charotar Fuel Sahakari Mandali Restricted (CGSML). The corporate has additionally labored for Adani Fuel Restricted.
For the FY22-23 firm reported complete income of Rs10.01 crore and internet revenue of Rs 0.99 crore. As on 31st March 2023, internet price of the corporate at Rs 1.69 crore and reserves and surplus of Rs 1.68 crore. Promoter holding post-issue will likely be 67.55%.
The preliminary public providing includes a recent challenge of 21.60 lakh fairness shares of face worth Rs 10 every at a value of Rs 65 per share (together with a premium of Rs 55 per fairness share) aggregating as much as Rs 14.04 crore. The minimal lot dimension for the appliance is 2000 shares which interprets into an funding of Rs 1.30 lakh per utility. The corporate has acquired approval to launch its public challenge on the NSE Emerge Platform of the Nationwide Inventory Trade.
Included in 2009, Indifra Restricted offers infrastructure administration contracting, fuel pipeline laying and electrical tools distribution companies. The corporate has two enterprise verticals together with Pipeline and Infrastructure Administration Contracting Companies and Distribution {of electrical} home equipment. The corporate offers fuel provide firms with the administration of their fuel provide pipelines. As of December 2023, the corporate is offering fuel pipeline administration companies to Charotar Fuel Sahakari Mandali Restricted (CGSML). The corporate has additionally labored for Adani Fuel Restricted.
For the FY22-23 firm reported complete income of Rs10.01 crore and internet revenue of Rs 0.99 crore. As on 31st March 2023, internet price of the corporate at Rs 1.69 crore and reserves and surplus of Rs 1.68 crore. Promoter holding post-issue will likely be 67.55%.
