Indifra IPO is a fixed price issue of Rs 14.04 crore. The IPO is entirely a fresh issue of 21.6 lakh shares. 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 initial public offering (IPO) of Indifra received a muted response from investors on the first day of bidding. The issue was subscribed just 35 percent at 2:30 pm on Day 1, December 21, 2023. It has received bids for 7.1 lakh shares against 20.52 lakh shares on offer.
Indifra plans to raise ₹14.04 crore via the issue, which is entirely a fresh issue of 21.6 lakh shares by promoters of the company. The price for the IPO has been set at ₹65 per share.