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The Indo Farm Equipment IPO is a book-built issue valued at ₹260.15 crores. It comprises a fresh issue of 0.86 crore shares, raising ₹184.90 crores, and an offer for sale of 0.35 crore shares, amounting to ₹75.25 crores.
The IPO will open for subscription on December 31, 2024, and close on January 2, 2025. Allotment is expected to be finalized by Friday, January 3, 2025, and the shares are scheduled to be listed on the BSE and NSE on Tuesday, January 7, 2025.
The Indo Farm Equipment IPO price band is set between ₹204 and ₹215 per share. The minimum application lot size is 69 shares, requiring an investment of ₹14,835 for retail investors. For sNII, the minimum investment is ₹2,07,690 for 14 lots (966 shares), and for bNII, it is ₹10,08,780 for 68 lots (4,692 shares). For further details, refer to the Indo Farm Equipment IPO Red Herring Prospectus (RHP).
| IPO Date | December 31, 2024 to January 2, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 1,21,00,000 shares (aggregating up to ₹260.15 Cr) |
| Fresh Issue | 86,00,000 shares (aggregating up to ₹ 184.90 Cr) |
| Offer for Sale | 35,00,000 shares of ₹10 (aggregating up to ₹75.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,94,51,600 shares |
| Share Holding Post Issue | 4,80,51,600 shares |
| IPO Open Date | Tuesday, December 31, 2024 |
| IPO Close Date | Thursday, January 2, 2025 |
| Basis of Allotment | Friday, January 3, 2025 |
| Initiation of Refunds | Monday, January 6, 2025 |
| Credit of Shares to Demat | Monday, January 6, 2025 |
| Listing Date | Tuesday, January 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 2, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹1,92,855 |
| S-HNI (Min) | 14 | 966 | ₹2,07,690 |
| S-HNI (Max) | 67 | 4,623 | ₹9,93,945 |
| B-HNI (Min) | 68 | 4,692 | ₹10,08,780 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 644.27 | 647.95 | 622.84 | 619.83 |
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 |
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 |
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 |
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 |
Maximizing Opportunities with Indo Farm Equipment IPO
As the IPO opens for subscription on December 31, 2024, and closes on January 2, 2025, investors should stay updated on key details like IPO subscription status, GMP (Grey Market Premium), and allotment status. The listing date, scheduled for January 7, 2025, will give investors a clear picture of the company’s market performance.
