Indo Farm Equipment Limited IPO GMP

Indo Farm Equipment Limited is a distinguished ISO-certified crane and tractor manufacturing company situated in Baddi, Himachal Pradesh. The commencement of its manufacturing operations dates back to the year 2000, initiated through a technical collaboration with Ursus (Poland). Now, Indo Farm is a leading manufacturer of world-class Agriculture Tractors, Cranes, and various other agricultural Implements.

Indo Farm Equipment, an Book Built Issue amounting to ₹260.15 Crores, consisting an Fresh Issue of 86.00 Lakh Shares worth 184.9 Crores and an Offer for Sale of 35.00 Lakh Shares worth 75.25 Crores. The subscription period for the Indo Farm Equipment IPO opens on December 31, 2024, and closes on January 02, 2025. The allotment is expected to be finalized on or about Friday, January 03, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Tuesday, January 7, 2025.

The Share price band of Indo Farm EquipmentIPO is set at ₹204 to ₹215 per equity share. The Market Capitalisation of the Indo Farm Equipment Limited at IPO price of ₹215 per equity share will be ₹977.55 Crores. The lot size of the IPO is 69 shares. Retail investors are required to invest a minimum of ₹14,835, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (966 shares), amounting to ₹2,07,690.

Aryaman Financial Services Limited is the book-running lead manager while MAS Services Limited is the registrar for the Issue. 

Indo Farm Equipment Limited IPO GMP Today
The Grey Market Premium of Indo Farm Equipment Limited IPO is expected to be ₹65 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Indo Farm Equipment Limited Day Wise IPO GMP Trend 

Indo Farm Equipment Limited IPO Live Subscription Status Today: Real-Time Updates
As of 07:00 PM on 2nd January, 2025, the Indo Farm Equipment IPO live subscription status shows that the IPO subscribed 229.68 times on its Final day of subscription period. Check the Indo Farm Equipment IPO Live Subscription Status Today at BSE.

Indo Farm Equipment IPO Anchor Investors Report
Indo Farm Equipment has raised ₹78.04 Crores from Anchor Investors at a price of ₹215 per shares in consultation of the Book Running Lead Managers. The company allocated 36,30,000 equity shares to the Anchor Investors. Check Full List of Indo Farm Equipment Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Indo Farm Equipment Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Indo Farm Equipment IPO allotment date is 03 January, 2025, Friday. Indo Farm Equipment IPO Allotment will be out on 3rd January, 2025 and will be live on Registrar Website from the allotment date. Check Indo Farm Equipment IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Indo Farm Equipment Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Indo Farm Equipment Limited IPO
Indo Farm Equipment proposes to utilise the Net Proceeds towards the following objects: 
1. ₹711.31 Million is required for setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity
2. ₹500.00 Million is required for repayment or pre-payment, in full or part, of certain borrowings availed by the Company
3. ₹450.00 Million is required for further Investment in their NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
4. General Corporate Purposes

Refer to Indo Farm Equipment Limited RHP for more details about the Company.