The announcement for the expected allotment date of the Indo Farm Equipment IPO is anticipated today, January 3, 2025. Investors who participated in this initial public offering can look forward to checking their allotment status soon.
Key Details About the IPO
The Indo Farm Equipment IPO started accepting bids on December 31, 2024, and concluded on January 2, 2025. The price range for the shares was ₹204 to ₹215, with the company seeking to raise ₹260.15 crore. The offering included a fresh issue of 86 lakh equity shares valued at ₹184.90 crore, along with an offer-for-sale (OFS) of 35 lakh shares worth ₹75.25 crore.
Before the IPO launch, the company raised ₹78 crore from anchor investors by allocating 36.30 lakh shares at a price of ₹215 each.
Steps to Verify Indo Farm Equipment IPO Allotment Status
Once the allotment is finalized, investors can check their status online using the following methods:
On the BSE Website:
- Go to the BSE IPO Application Status.
- Select “Equity” under the Issue Type.
- Select “Indo Farm Equipment Limited” from the listed options.
- Enter your Application Number or PAN.
- Complete the CAPTCHA and click “Search.”
On the Registrar’s Website (Mas Services):
- Visit the Mas Services IPO Allotment page.
- Select “Indo Farm Equipment IPO.”
- Enter your PAN details.
- Click “Search” to view your allotment status.
The Grey Market Premium (GMP) for Indo Farm Equipment shares has been strong, with a premium of ₹97 per share. This suggests that the shares may list at around ₹312, a significant increase from the issue price of ₹215 per share. However, investors should remember that GMP is an unofficial indicator, and the actual listing price can vary.
Important Dates
- Allotment Finalization: Likely on January 3, 2025.
- Refunds for Unsuccessful Bidders: January 6, 2025.
- Shares Being Credited to Demat Accounts: January 6, 2025
- Listing Date: The listing date is set for January 7, 2025, on both BSE and NSE.
IPO Subscription Numbers
The Indo Farm Equipment IPO received an overwhelming response, with a subscription rate of 229.68 times. Here’s a detailed breakdown:
- Retail Investors: Subscribed 104.36 times.
- Non-Institutional Investors (NIIs): Subscribed 503.39 times.
- Qualified Institutional Buyers (QIBs): Subscribed 242.40 times.
The Indo Farm Equipment IPO has created significant buzz among investors due to its strong demand and impressive GMP. Investors are advised to check their allotment status using the BSE or registrar’s websites. With the expected listing date approaching, the market eagerly anticipates how the shares will perform on January 7, 2025.
