Indo Farm Equipment IPO is a book-built issue totaling ₹260.15 crores. The issue includes a fresh issue of 0.86 crore shares aggregating to ₹184.90 crores and an offer for sale of 0.35 crore shares aggregating to ₹75.25 crores.
The IPO opens for subscription on December 31, 2024, and closes on January 2, 2025. The allotment of shares is expected to be finalized on Friday, January 3, 2025. The IPO is scheduled to list on the BSE and NSE platforms, with a tentative listing date set for Tuesday, January 7, 2025.
Indo Farm Equipment operates in the agricultural and industrial equipment sector. They specialize in the manufacture of tractors, pick-and-carry cranes, harvester combines, rotavators, and other related spares and components. Their products are used in agriculture, construction, and infrastructure projects.
The price band for the Indo Farm Equipment IPO is set between ₹204 and ₹215 per share. Investors must apply for a minimum lot size of 69 shares, requiring a minimum investment of ₹14,835 for retail investors. Small High Net-worth Individuals (sNII) need to invest in at least 14 lots (966 shares) amounting to ₹2,07,690, while large HNIs (bNII) must invest in 68 lots (4,692 shares), totaling ₹10,08,780.
Aryaman Financial Services Limited is the book-running lead manager for this IPO, while Mas Services Limited serves as the registrar.
Indo Farm Equipment IPO Details:
| Company Name | Indo Farm Equipment Limited |
| Sector | Agricultural and Industrial Equipment |
| IPO Type | Mainboard |
| IPO Open date | 31st Dec 2024 |
| IPO Close date | 02nd Jan 2025 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Indo Farm Equipment IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 69 | 14,835 |
| sHNI (Min) | 14 | 996 | 2,07,690 |
| bHNI (Min) | 68 | 4692 | 10,08,780 |
Indo Farm Equipment IPO Timeline:
| IPO Open Date | 31st Dec 2024 |
| IPO Close Date | 02nd Jan 2025 |
| Basis of Allotment | 03rd Jan 2025 |
| Refund Initiation Date | 06th Jan 2025 |
| Shares Credit to Demat | 06th Jan 2025 |
| Listing Date | 07th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review Indo Farm Equipment’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Agricultural and Industrial Equipment Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Indo Farm Equipment and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
