New Delhi: Indo Farm Equipment IPO, a book built issue of Rs 260.15 crore, opens for subscription on December 31, 2024 and closes on January 2, 2025. The price band is set in the range of Rs 204 to Rs 215 per share. The retail investors are required to bid for a minimum lot size of 69 shares for which the minimum amount of investment is Rs 14,835. The Non-Institutional Investor (NII) category investors are mandated to apply for a minimum lot size of 14 lots for which one has to invest Rs 2,07,690, and for bNII portion the minimum application is of 68 lots.
Indo Farm Equipment IPO allotment is expected on January 3, 2025 while the process to initiate refunds is likely to begin on January 6. The shares are expected to be credited to the demat accounts of eligible investors on 6th January while the stock will list on BSE and NSE tentatively on January 7.
Indo Farm Equipment IPO GMP
According to investorgain, Indo Farm Equipment IPO GMP stood at Rs 80 on December 30 morning. With the price band of Rs 215, the shares are expected to be listed at Rs 295, indicating that the counter will list with around 37 per cent gains. Grey market figures are not official.
The Indo Farm Equipment IPO is a combination of fresh issue of 0.86 crore share aggregating to Rs 184.90 crore and offer for sale of 0.35 crore shares aggregating to Rs 75.25 crores. Indo Farm Equipment IPO’s book running lead manager is Aryaman Financial Services Limited, while Mas Services Limited is the registrar for the issue.
Indo Farm Equipment Limited is crane and tractor manufacturing company located in Baddi, Himachal Pradesh. The company came into existence in 2000. It is a leading manufacturer of agriculture tractors, cranes, and various other agricultural implements in India.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
The Indo Farm Equipment IPO opens on December 31, 2024, and closes on January 2, 2025. The price band is Rs 204-215 per share. The IPO allotment is expected on January 3 and listing shares will list on BSE and NSE likely on January 7. The grey market premium (GMP) suggests significant potential gains upon listing. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
