IPO News: Indo Farm Opens Public Listing, Know Price Band, Lot Size, and More

Upcoming IPO: Indo Farm Equipment Ltd’s initial public offering (IPO) is scheduled to begin today (December 31) and will be open for investment until January 2. The IPO is priced in the range of Rs 204 to Rs 215 per share. At the upper price band, a single lot of 69 shares would cost Rs 14,835, while 13 lots (897 shares) would cost Rs 1,92,850. The issue is distributed as follows: 50% to Qualified Institutional Buyers (QIBs), 35% to retail investors, and 15% to non-institutional investors.

Indo Farm IPO News

The company intends to collect Rs 260.15 Cr through this offering, with Rs 184.9 Cr coming from the issuance of 86 lakh new shares and Rs 75.25 Cr coming from the selling of 35 lakh existing investor shares. Indofarm Equipment, founded in 1994, manufactures tractors, pick-and-carry cranes, and harvesting equipment. Its products are shipped to a number of nations, including Nepal, Myanmar, and Sudan. The company’s stock will be listed on the NSE and BSE on January 7, allowing investors to participate in its growth. Those considering participating in this initial public offering should carefully examine their financial capabilities and investment objectives.