Indo Farm Equipment Limited

January 3, 2025January 3, 2025 Bits & Pieces

Indo Farm Equipment Limited recently concluded its IPO, which saw a strong subscription rate of 227.67 times. The IPO price band was set between ₹204 to ₹215 per share, and the company raised ₹260.15 crore through a combination of fresh issue and offer-for-sale. The IPO allotment status is expected to be finalized today, with shares likely to be listed on the stock exchanges on January 7, 2025.

To check the allotment status, investors can visit the BSE or NSE websites and enter their application number or PAN details. Alternatively, they can visit the official portal of the IPO registrar, Mas Services, and follow the steps provided2.

The IPO has garnered significant attention, with the shares commanding a strong grey market premium (GMP) of around ₹96 per share, indicating a potential listing price of ₹311 per share.