Indo Farm Equipment IPO Allotment Status: Check Allotment Status Online on BSE
Established in 1994, Indo Farm Equipment Limited specializes in the production of tractors, Pick & Carry Cranes, and various harvesting equipment. The firm operates under two distinct brands namely, Indo Farm and Indo Power.The company's IPO was open for bidding from December 31, 2024, to January 2, 2025. The allotment of shares is likely to be finalised today, January 3, 2025.
How to Check Indo Farm Equipment IPO Allotment Status Online
Steps to Check Allotment Status of Indo Farm Equipment IPO on BSE
- Visit the IPO allotment page on the BSE website here.
- Select the issue type as 'Equity.'
- Select 'Indo Farm Equipment Limited' from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Clear the 'Captcha' to verify that you are not a robot.
- Click on the 'Search' option to see your allotment status.
Steps to Check Allotment Status of Indo Farm Equipment IPO on NSE
- Visit the IPO allotment page on the NSE website here.
- Select 'INDOFARM' from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Clear the 'Captcha' to verify that you are not a robot.
- Click on the 'Search' option to see your allotment status.
Steps to Check Allotment Status of Indo Farm Equipment IPO on Mas Services Limited
- Visit the IPO allotment section on the official website here
- From the dropdown menu, Select ‘Indo Farm Equipment’
- Provide details such as PAN (Permanent Account Number) or Client ID.
- Click on the 'Submit' option to see your allotment status
IPO Details
The Indo Farm Equipment IPO, valued at ₹260.15 crores, features a mix of a fresh issue of 0.86 crore shares totalling ₹184.90 crores and an offer for sale of 0.35 crore shares amounting to ₹75.25 crores. The bidding period ran from December 31, 2024, to January 2, 2025, with allotments likely to be finalized on January 3, 2025. The IPO is set to debut on the BSE and NSE, with a tentative listing date of January 7, 2025.
Priced between ₹204 and ₹215 per share, the IPO requires a minimum application lot of 69 shares, translating to ₹14,835 for retail investors. For small non-institutional investors (sNII), the minimum investment is 14 lots (966 shares), equating to ₹2,07,690, while for large non-institutional investors (bNII), it is 68 lots (4,692 shares), amounting to ₹10,08,780.
IPO Objectives
The proceeds from the fresh issue are intended to support several strategic initiatives, including the establishment of a dedicated unit to expand the manufacturing capacity for Pick & Carry Cranes. Additionally, the funds will be utilized for the repayment or partial prepayment of certain borrowings and further investment in the company’s NBFC subsidiary, Barota Finance Ltd., to enhance its capital base for future growth and to address general corporate purposes.
IPO Day 3 Subscription Status
(January 2nd, 2025, End of Day)
As of January 2, 2025, end of the day (Day 3), the Indo Farm Equipment Limited IPO witnessed an overwhelming response, with an overall subscription of 227.67 times.
|
Category |
Subscription (times) |
Shares Offered |
Shares Bid for |
|
QIB |
242.4 |
24,20,000 |
58,65,97,014 |
|
NII |
501.75 |
18,15,000 |
91,06,72,557 |
|
Retail |
101.79 |
42,35,000 |
43,10,70,393 |
|
Total |
227.67 |
84,70,000 |
1,92,83,39,964 |
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