Everything you should know about Indo Farm Equipment Ltd.

Indo Farm Equipment Ltd

 Everything you should know about Indo Farm Equipment Ltd.

A prominent manufacturer of tractors and pick-and-carry cranes, launched its Initial Public Offering (IPO) on December 31, 2024, with the subscription period concluding today, January 2, 2025. The IPO is priced between ₹204 and ₹215 per share, aiming to raise approximately ₹260.15 crore.


The offering has garnered significant interest, being oversubscribed 54.50 times by the end of the second day. The breakdown of subscriptions is as follows:

  •     Qualified Institutional Buyers (QIBs): 11.96 times
  •     Non-Institutional Investors (NIIs): 131.78 times
  •     Retail Individual Investors (RIIs): 45.70 times


In the grey market, Indo Farm Equipment's shares are trading at a premium of ₹90 over the upper IPO price of ₹215, indicating a potential listing price of ₹305 per share. This suggests an approximate 42% gain upon listing.

The company plans to utilize the funds raised for capacity expansion, debt repayment, and strengthening its financial arm, Barota Finance. Analysts have given a "Subscribe" rating for the long term, citing the company's integrated manufacturing capabilities, experienced promoters, and strategic growth plans.

Investors can expect the allotment of shares to be finalized by January 3, 2025, with shares credited to de-mat accounts by January 6, 2025. The listing on BSE and NSE is anticipated on January 7, 2025. 


#Stockmarket #IPO #Listing #IndoFarm #NSE # BSE

Comments

Post a Comment

Popular posts from this blog

BANKING ACRONYMS / ABBREVIATIONS

Image
BANKING ACRONYMS/ABBREVIATIONS  List of important Banking and Finance abbreviations used. Important Banking Abbreviations asked in various banking exams. Here, we are providing A-Z list of important banking abbreviations which is one of the most important topic that was asked in various competitive exams like Lokseva, Banking exam, Banking interviews , NRB etc.     Related to Nepal Banking and World Banking           ABEDA Arab Bank for Economic Development in Africa. ACF Auto Correlation Function. ACS Automated Clearing Systm. AD Authorized Dealer. ADB Asian Development Bank. ADF Automated Data Flow ADR American Depository Receipt. AEPS Aadhaar Enabled Payments Switch AFS Annual Financial Statement. AGM Annual General Meeting. AIC Agricultural Insurance Company. AIF Alternative Investment Fun...
Read more

IPO Listing: Jalpa samudayik and Nesdo sambridha laghubitta bittya sansta Limited opening Range | Nepal share market

Image
Nepal Share Market | Secondary Market | IPO listing Opening Range| Nepse  27-Feb-2022 kathmandu  Ready for secondary market trade after Emerging Nepal and Rastra utthan laghubitta bittya sansta Limited - 1. Jalpa samudayik laghubitta bittya sansta Limited  2. Nesdo sambridha laghubitta bittya sansta Limited  Jalpa samudayik laghubitta bittya sansta Limited (JSLBSL) Date of the issue was:-  Magh 21 - 25, 2078 Jalpa samudayik laghubitta bittya sansta limited issued 5,22,000 ( Five lakh twenty two thousand) IPO ( initial public offering) shares worth of 52,200,000 ( Five Crore and twenty two lakh) with base price of Rs. 100. Total issue unit : 5,22,000 kitta Employee (0.5%)  : 8,000 kitta  Mutual funds ( 5%) : 26,100 kitta General public : 4,87,900 kitta What would be the firstday opening Price range of Jalpa samudayik laghubitta bittya sansta limited when entered into NEPSE?     According to the prospectus of JSLBSL financial year s...
Read more

Vivah Panchami: Celebrating the Divine Union in Janakpur, Nepal

Image
Vivah Panchami: Celebrating the Divine Union in Janakpur, Nepal Vivah Panchami is a grand and spiritually significant festival celebrated in Janakpur, Nepal. It marks the divine marriage of Lord Rama and Goddess Sita, two central figures in the ancient Hindu epic, Ramayana. Observed on the fifth day of the waxing moon in the month of Margashirsha (November-December), Vivah Panchami draws thousands of devotees from Nepal, India, and beyond to Janakpur, believed to be the birthplace of Sita. Vivah Panchami is not just a festival but a celebration of virtues such as love, commitment, and devotion. The divine union of Rama and Sita symbolizes the harmony between dharma (righteousness) and maya (the material world). Observing the festival is believed to bring blessings, prosperity, and marital bliss. Over the years, Vivah Panchami has attracted international attention, with pilgrims and tourists flocking to Janakpur to witness its grandeur. The festival serves as a bridge between cultures, ...
Read more