Indo Farm Equipment IPO subscriptionĀ started on Tuesday, December 31, and will close on January 2, 2025, as per the schedule. The price band is set at ā¹204 to ā¹215 per share with a face value of ā¹10.
Indo Farm Equipment IPO Subscription Status
Indo Farm Equipment IPO Subscribed over 227.57x on its Last day till 05.00 PM on 2nd January.
- Indo Farm Equipment IPOĀ subscription QIB investors portion is 242.4x times, while NII subscribed 501.65x times and RII investors subscribed 101.64x times.
- The company has received bids for 1,92,75,50,052 shares against 84,70,000 shares on offer on the last day.
- Indo Farm EquipmentĀ IPOĀ Subscribed over 54.63x on day 2.
- Indo Farm EquipmentĀ IPOĀ Subscribed over 17.83x on day 1.
About Indo Farm Equipment IPO
Indo Farm Equipment Limited was established in 1994 and was involved in producing tractors, pick-and-carry cranes, and various types of machinery used for harvesting crops. It has two main brands: Indo Farm and Indo Power. They also sell their products, such as tractors and cranes, in countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar. They produce tractors ranging from 16 HP to 110 HP and pick & carry cranes from 9 to 30 tons. They have a factory in Baddi, Himachal Pradesh, that covers 127,840 square meters and has a foundry, machine shop, and assembly units. Moreover, it can produce 12,000 tractors and 720 cranes each year. They have built a reputation as a skilled manufacturer and also plan to expand operations and take business to the next level. Further, it also has unique strategies like experienced and qualified management, in-house NBFC setup, and a wide range of products manufactured.
Indo Farm Equipment IPO Company Financial Report
The company reported revenue of ā¹370.76 crore in 2023 against ā¹352.08 crore in 2022. The company reported a profit of ā¹15.56 crores in 2023 against a profit of ā¹13.72 crores in 2022.
Indo Farm Equipment IPO GMP:
Indo Farm Equipment IPO GMPĀ was ā¹95 as of Thursday, January 2. That indicates the IPO is trading at ā¹310 with ā¹95 premium in the grey market against the issue price of ā¹215.
