The Indo Farm Equipment Ltd. initial public offering (IPO). opened today, attracting strong attention from investors. The Indo Farm Equipment IPO combines newly issued shares with an offer for sale (OFS) to raise a total of ₹260.15 crore. Here are the key details you should know about this public offering.
Key Details of Indo Farm Equipment IPO
- Price Band: The company has set the IPO price band between ₹204 and ₹215 per share.
- IPO Timeline: The subscription for this IPO began today and will remain open until January 2, 2025.
- IPO Size: Indo Farm Equipment plans to raise ₹260.15 crore, out of which ₹184.90 crore will come from fresh shares.
- Lot Size: Investors can bid in lots, with each lot consisting of 69 shares.
- IPO Allotment Date: The likely date for share allotment is 3 January 2025.
- Listing Date: Indo Farm Equipment is expected to list its shares on the BSE and NSE on 7 January 2025.
The shares of Indo Farm Equipment Ltd. are trading at a premium of ₹82 in the grey market. This indicates positive investor sentiment about the IPO.
Subscription Status
By on the first day of bidding the IPO has received strong demand from investors. The retail portion was subscribed 9.16 times, showing high interest from individual investors. The NII segment saw a subscription of 8.40 times, while QIBs are yet to place their bids.
The Indo Farm Equipment IPO is attracting attention due to its growth prospects and strong subscription numbers. However, investors should carefully evaluate the risks, including the premium pricing and overall market volatility, before making a decision.
This IPO offers an opportunity for long-term investors who believe in the company’s potential to grow in the agricultural machinery industry. It’s important to do detailed research and consult with financial experts before making any investment decisions.
