December 21, 2023 - December 26, 2023

Indifra IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Indifra IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Indifra IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Indifra IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is from Airan group and is engaged in providing pipeline related infra services to gas companies and supplying electrical appliances. It posted minuscule financial performance so far and based on its FY24 annualized earning, the issue appears exorbitantly priced. It operates in a highly competitive and fragmented segment. There is no harm in skipping this pricey bet, being High Risk/No Return bet. Read detail review...

Indifra-IPO Peer Comparison

Indifra Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Closing price as on period ended	P/BV Ratio	Financial statements
Indifra Limited	5.79	5.79	9.92	11.23	82.45	1,404.00	141.53	Standalone
RBM Infracon Limited	5.13		20.42	11.01	18.49	56.50	2.77	Standalone

Notes:

The EPS, P/E Ratio, NAV, and RoNW of Indifra Limited are taken as per the Restated Financial Statement for the Financial Year 2022-23.
The current Market Price (CMP) is taken as the closing price of respective scripts as on March 31, 2023 at NSE. For Indifra Limited, Current Market Price is taken same as issue price of equity share.
The Figures as at March 31, 2023 and are taken from the financial results uploaded on respective Stock Exchange(s)

Indifra IPO Review by Members

Indifra IPO Reviews, analysis and views by popular members. Read Indifra Limited IPO reviews by retail investors to find recommended ipo to buy.

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Indifra IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
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