Indo Farm Equipment Allotment Status: Check Details and Listing Expectations
The allotment status for the highly anticipated Indo Farm Equipment IPO has been finalized. Investors can now check their allotment status online through multiple platforms, including the BSE, NSE, and the registrar’s portal, Mas Services Ltd.
How to Check Indo Farm Equipment Allotment Status Online
Follow these steps to verify your IPO allotment:
- Visit the BSE website.
- Select ‘Equity’ under the ‘Issue Type’ section.
- From the drop-down menu, choose ‘Indo Farm Equipment Ltd’ under the ‘Issue Name.’
- Enter your application number or PAN.
- Complete the CAPTCHA verification and click ‘Search.’
Alternatively, investors can visit the Mas Services Ltd portal to check their allotment status.
For those who did not receive an allotment, the refund process will commence shortly.
Indo Farm Equipment IPO GMP and Listing Date
As per market observers, the grey market premium (GMP) for Indo Farm Equipment shares currently stands at ₹308, indicating a premium of ₹93 or 43.26% above the IPO issue price of ₹215. While this is slightly lower than Friday’s premium of 46.05%, it still suggests strong investor interest ahead of the listing.
The Indo Farm Equipment IPO is set to list on Tuesday, January 7, 2025, on both the BSE and NSE.
Subscription Details
The IPO, open from December 31 to January 2, saw overwhelming demand with a subscription of 227.67 times.
- Retail investors: 101.79 times
- Non-institutional investors (NII): 501.75 times
- Qualified institutional buyers (QIB): 242.4 times
Indo Farm Equipment IPO Highlights
- Price Band: ₹204-₹215 per share
- Issue Size: ₹260 crore, comprising a fresh issue of 86 lakh shares and an Offer-for-Sale (OFS) of 35 lakh shares by promoter Ranbir Singh Khadwalia.
- Use of Proceeds: The funds will support the expansion of crane manufacturing, repayment of debt, and investment in the company’s NBFC subsidiary, Barota Finance.
Indo Farm Equipment, a leader in manufacturing tractors, pick-and-carry cranes, and other farm machinery, is set to achieve a market capitalization of over ₹1,000 crore at the IPO’s upper price band.
Investors are eagerly awaiting the listing, with robust GMP signals indicating a positive debut on the stock exchanges.
