Indifra Limited, a small and medium-sized enterprise (SME), successfully concluded its Initial Public Offering (IPO) on December 26, with the allotment status being finalized on December 27. Investors eagerly awaiting the outcome of their applications can check the Indifra IPO allotment status on the registrar’s portal, managed by Kfin Technologies Limited.
The basis of the allotment will reveal to investors whether and how many shares have been allotted. For those who were not allocated shares, the refund process will commence on Thursday, December 28. Individuals who were successfully allotted shares will be credited to their demat accounts on the same day.
The Indifra IPO garnered significant interest from investors, with the issue being oversubscribed by an impressive 6.73 times on the final day of bidding. The subscription trend showed strong demand from retail investors, as reflected in a subscription rate of 12.07 times in this category. Overall, the IPO received a subscription of 74% on day one and 1.85 times on day two.
Established in 2009, Indifra Limited specializes in infrastructure management contracting, gas pipeline laying, and electrical equipment distribution services. Notably, the company was formerly known as Starleads Consultants Private Limited.
In summary, the Indifra IPO witnessed robust investor participation, demonstrating confidence in the company’s offerings and prospects. The subscription data, particularly the oversubscription rate and strong retail interest, reflects positive market sentiment toward Indifra Limited.
