Last Updated:
Unlisted shares of Indo Farm Equipment Ltd remain to trade at Rs 310 each in the grey market, which is a 44.19 percent costs over the top IPO rate of Rs 215. It suggests a durable listing gain for capitalists on January 7.
Indo Farm Equipment IPO.
Indo Farm Equipment IPO: The first public deal (IPO) of Indo Farm Equipment Ltd, which was opened up for public membership on Tuesday, obtained 17.87 times membership on Day 1 of bidding process. Now, till 9:54 get on the 2nd day of bidding process on Wednesday, the Rs 260.15-crore IPO obtained a 18.42 times membership getting quotes for 15,59,88,438 shares versus 84,70,000 shares available.
So much, the non-institutional capitalists (NII) classification has actually gotten an 29.19 times membership, while the allocation for retail capitalists obtained subscribed 19.69 times. The QIB classification obtained a 8.1 times membership.
The IPO will certainly be shut on Thursday, January 2.
Indo Farm Equipment IPO GMP Today
According to market viewers, non listed shares of Indo Farm Equipment Ltd remain to trade at Rs 310 each in the grey market, which is a 44.19 percent costs over the top IPO rate of Rs 215. It suggests a durable listing gain for capitalists on January 7.
Indo Farm Equipment IPO Size
The IPO makes up a fresh problem of 86 lakh equity shares and a sell (OFS) of 35 lakh shares by marketer Ranbir Singh Khadwalia.
Indo Farm Equipment IPO Price
Indo Farm Equipment has actually taken care of the rate band for its IPO at Rs 204 to Rs 215 per share.
Indo Farm Equipment IPO Date
The Rs 260-crore IPO will certainly open up for public membership on December 31, 2024, and close on January 2, 2025.
Indo Farm Equipment IPO: More Details
The Rs 260-crore going public (IPO) has a fresh problem of 86 lakh equity shares and an Offer- for-Sale (OFS) of 35 lakh equity shares by marketer Ranbir Singh Khadwalia.
Proceeds from the fresh problem will certainly be made use of to establish a brand-new specialized device for growth of the business’s choice & & bring cranes producing capability, settlement of financial debt, financial investment in the business’s NBFC subsidiary Barota Finance for funding the enhancement of its resources base to fulfill its future resources demands.
Indo Farm Equipment makes tractors, choose & & bring cranes and various other ranch tools.
At the top end of the rate band, the IPO dimension has actually been secured at Rs 260 crore, positioning the business’s market capitalisation at over Rs 1,000 crore.
Aryaman Financial Services is the single book-running lead supervisor for the problem.
The equity shares will certainly be detailed on the BSE and NSE.
