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.