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 fund...