Indo Farm Equipment Limited IPO
Indo Farm Equipment Limited was a mainboard IPO in the Construction Vehicles sector, offered at ₹204–₹215 per share to raise ₹260 crore. The issue was subscribed 229.68× overall (QIBs 242.4×, NIIs 503.83×, retail 104.92×). It listed on 7 Jan 2025 at ₹256 and closed its first day at ₹274, a listing gain of +27.3% versus the ₹215 issue price. It now trades around ₹116 (-46.3% versus the issue price).
Frequently asked questions
- How many times was the Indo Farm Equipment Limited IPO subscribed?
- The Indo Farm Equipment Limited IPO was subscribed 229.68× overall — 242.4× in the QIB category, 503.83× among non-institutional investors, 104.92× in retail.
- What were the Indo Farm Equipment Limited IPO listing gains?
- Indo Farm Equipment Limited listed on 7 Jan 2025 at ₹256, closing its first day at ₹274 — a listing gain of +27.3% versus the ₹215 issue price.
- What were the retail allotment odds for the Indo Farm Equipment Limited IPO?
- Retail was subscribed 104.92×, so a single-lot application had roughly a 1% chance of allotment (about 1 in 105), and allotment was finalised on 3 Jan 2025.
- What was the price band and lot size of the Indo Farm Equipment Limited IPO?
- The price band was ₹204–₹215 per share, with a minimum lot of 69 shares (₹14,835 at the upper band).
- Who were the registrar and lead manager for the Indo Farm Equipment Limited IPO?
- MAS Services Limited was the registrar, and Aryaman was the book-running lead manager.