IPO (initial public offering) of Indo Farm Equipment Ltd. has been concluded after a three-day bidding period on Thursday, January 2, 2025. The company may finalize the share allotment on Friday, January 3. The IPO saw a massive overall subscription, reaching 229.68 times the available shares on the third day. As per the data, the issue received the bids for 194.53 crore shares, significantly exceeding the 84.70 lakh shares available. Here’s how different groups subscribed:
- Qualified Institutional Bidders (QIBs): 242.40 times.
- Non-institutional investors (NIIs): 503.39 times.
- Retail investors: 104.36 times their allotted quota.
The company’s IPO started on December 31, 2024, and concluded on January 2, 2025. The company aimed to raise Rs 260.15 crores from this share sale. Furthermore, the minimum investment requirement was 69 shares. The company offered 84.70 lakh shares for sale, with a price band of Rs 204 to Rs 215 apiece.
Indo Farm Equipment IPO: GMP
In the grey market, Indo Farm Equipment Ltd’s shares maintained a premium of Rs 97. Furthermore, this suggests a potential listing price of Rs 312, representing a significant 45% premium from the upper band of IPO price of Rs 215.
How To Check Share Allotment Status
Registrar’s Website
- Go to the website of Mas Services on this link: https://www.masserv.com/opt.asp.
- Choose ‘Indo Farm Equipment IPO’ from the dropdown menu.
- Provide the PAN and other details required.
- Tab on the ‘Search’ button to know the status.
- The registrar will display the share allotment status on the screen.
BSE Website
- Go to the BSE’s IPO allotment page – https://www.bseindia.com/investors/appli_check.aspx.
Choose ‘Equity’ in the Issue Type. - Select ‘Indo Farm Equipment Limited’, from the ‘Issue name’ dropdown menu.
- Enter your application number or PAN number.
Enter Captcha and other details. - IPO allotment status will be displayed on the screen.
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