New Delhi: It is not very often that the GMP of an IPO indicates nearly 40% listing gains a good 4 days before the issue opens for bidding. But Indo Farm Equipment IPO that will open for bidding from December 31 has already recorded a GMP (Grey Market Premium) of Rs 85, which indicates a listing price of Rs 300 and thereby, a listing gain of 39.53%, according to investorgain data. However, it must be kept in mind that GMP is an unofficial indicator which changes with time and does not really guarantee anything.
Indo Farm Equipment IPO is a book-built issue designed to raise Rs 260.15 crores from the market. It will have 2 components – one, a fresh issue part of 86 lakh shares amounting to Rs 184.90 crores and OFS (offer for sale) of 35 lakh shares that will raise Rs 75.25 crores.
Indo Farm Equipment IPO price band, lot size
Indo Farm Equipment IPO price band has been set between Rs 204 and Rs 215 per share. A retail investor has to apply for at least 69 shares which will cost him/her Rs 14,835. For sNII category, the minimum lot size is 14 lots, or 966 shares, which costs Rs 2,07,690. The segment of bNII has to apply for at least 68 lots, or 4,692 shares, that cost Rs 10,08,780.
Indo Farm Equipment IPO allotment date, listing
Indo Farm Equipment IPO will open for subscription on December 31, 2024. Bidding will end on January 2, 2025. The allotment of Indo Farm Equipment shares will be finalised on January 3, 2025. Indo Farm Equipment IPO listing will take place on BSE and NSE on January 7, 2025. Refund of application money to unsuccessful applicants will take place on January 6. Shares will be credited to the demat accounts of successful bidders in the same day.
Aryaman Financial Services has been appointed as the book running lead manager of the Indo Farm Equipment IPO. Mas Services is the registrar.
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Bidding for Indo Farm Equipment IPO will open on December 31, 2024 but the GMP (Grey Market Premium) is already at Rs 85, which indicates a listing gain of 39.53%. The IPO will close on January 2.. Refund of application money to unsuccessful applicants will take place on January 6. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
