Indo Farm Equipment IPO: Listing on January 7th with Huge Investor Interest

Indo Farm Equipment IPO to be Listed on January 7: There is Significant demand from Investors

Indo Farm Equipment, which is involved in constructing tractors and cranes public issue was open from January 2, 2023, to January 6, 2023. The opening of December 31, allowed investors to examine the stock more closely and gave them significant chances unlike previous dates.

Subscription Status

Trust Ledgers IPO has amassed a total of 260.15 crore rupees worth being over 2.67 billion. The contribution collected for Qualified Institutional Buyers (QIB) reached 242.4 times instead in China. Half 63 times, whereas for number Non-Institutional Investors (NII) it grew by over 500.75 times. For them, retail investors were Procuration times 101.79.

Shares of Indo were last traded in NSE shares at a selling price of over Dhoron this shows that Indo Farm Equipment IPO has become one of the most sought after opportunities in this sector as witnessed by the number of investors in this sector.

When Does the IPO Get Officially Listed?

Investors in both BSE and NSE should note that Indo roping number is set to commence posting on the 7th of January for initial purchases and trading engagement. In the informal economy, Indo brand’s agreement shows a dramatic increase of over 43.26% compared to the IPO’s upper band selling price of over Yuan 215 it only has a 93{% premium.

This is a market sector that is not regulated and prohibits. The trading of stocks until they have been officially listed for sale on the market.

The IPO has a price range of 215 and 204 for bidding. Which is the set band along with a lot size of 69 shares.

Pre-IPO Fundraising

Before the IPO took place, which was held by Indo Farm Equipment, ₹35.15. Crore was raised from 11 institutional investors alongside a pre-IPO placement. Selling 19 lakh shares was also a part of the process and they were sold at ₹185 per share.

What Does Indo Farm Equipment Manufacture?

Indo Farm takes pride in their Indo Power and Indo Farm branding as it allows. Them to manufacture tractors, pick and carry cranes as well as harvesting equipment.

Export Market

Products such as tractors and cranes are exported to Bangladesh, Syria, Nepal and even Myanmar.

Promoters

The promoters of the company are Ranbir Singh Khadwal and Sunita Saini. The year 2000 marks the start of Indo Farm’s operations.

Use of IPO Proceeds

The funds that would be acquired from the IPO would help Indo Farm expand. On their operations as well as set up Barota Finance which would greatly help with the investment.