Indo Farm Equipment IPO Latest Updates Today (January 1, 2025): This article provides a comprehensive overview of the Indo Farm Equipment IPO as of January 1, 2025, including subscription status, GMP, key dates, company details, and more. As of January 1, 2025, the latest Grey Market Premium (GMP) for the Indo Farm Equipment IPO stands at ₹95, reflecting a 44.19% increase.
Indo Farm Equipment IPO GMP (Day 2): Premium Signals Positive Market Sentiment
The Grey Market Premium (GMP) is a key indicator of market sentiment towards an IPO. The current GMP for Indo Farm Equipment is ₹95, representing a 44.19% premium over the issue price.
- Implied Listing Price: ₹311 (Issue Price ₹215 + GMP ₹95)
This healthy GMP suggests that investors anticipate a strong listing for Indo Farm Equipment shares. It is important to note that GMP is an unofficial indicator and subject to fluctuations.
Indo Farm Equipment IPO Subscription Status (Day 2): Strong Investor Demand
The Indo Farm Equipment IPO has witnessed robust investor interest, being oversubscribed significantly on its second day of bidding. Here’s the detailed subscription breakdown as of January 1, 2025, based on NSE data:
| Investor Category | Subscribed Times |
|---|---|
| Retail Investors | 26.53 |
| Non-Institutional Investors (NII) | 47.35 |
| Qualified Institutional Buyers (QIB) | 8.13 |
| Overall | 25.74 |
- Total bids received: 21.79 crore equity shares
- Shares on offer: 84.70 lakh shares
The IPO was already oversubscribed 17.70 times on its first day (December 31, 2024), indicating sustained investor confidence.
Indo Farm Equipment IPO Details
The initial public offering (IPO) of Indo Farm Equipment Ltd, a renowned tractor manufacturer, entered its second day of bidding on January 1, 2025. The IPO, which opened for public subscription on December 31, will close on January 2. The price band for the IPO has been set at ₹204 to ₹215 per share. At the upper end of the price band, the company aims to raise ₹260.15 crore from the book-built issue, which includes a fresh issue of 86 lakh equity shares worth ₹184.90 crore and an offer-for-sale of 35 lakh shares amounting to ₹75.25 crore.
Here’s a summary of the key details of the Indo Farm Equipment IPO:
- IPO Dates: December 31, 2024 – January 2, 2025
- Price Band: ₹204 to ₹215 per share
- Issue Size: ₹260.15 crore
- Fresh Issue: ₹184.90 crore (86 lakh equity shares)
- Offer for Sale (OFS): ₹75.25 crore (35 lakh shares)
Indo Farm Equipment IPO Allotment and Listing Schedule
Stay informed about the critical dates related to the Indo Farm Equipment IPO:
- Allotment Date (Expected): January 3, 2025
- Credit of Shares to Demat Accounts: January 6, 2025
- Listing Date (Tentative): January 7, 2025
- Registrar: Mas Services
- Book Running Lead Manager: Aryaman Financial Services
About Indo Farm Equipment: Company Overview and Financials
Indo Farm Equipment, established in 1994, is a manufacturer of tractors, pick & carry cranes, and other agricultural equipment. The company operates under the brands Indo Farm and Indo Power, exporting its products to various international markets.
- Product Portfolio: Tractors (16 HP to 110 HP), Pick & Carry Cranes (9 to 30 tons)
- Manufacturing Facility: Baddi, Himachal Pradesh (127,840 sq. meters)
- Key Export Markets: Nepal, Syria, Sudan, Bangladesh, Myanmar
