Today, January 2, 2025, is the final day for investors to apply for the Indo Farm Equipment IPO. The public offering, valued at ₹260.15 crore, has garnered significant attention. It includes a fresh issue of 0.86 crore shares worth ₹184.90 crore and an offer for sale of 0.35 crore shares, amounting to ₹75.25 crore.
Key Highlights:
- Price Band: ₹204 – ₹215 per share
- Lot Size: 69 shares per lot, with a minimum investment of ₹14,835 for retail investors.
- Non-Institutional Investors (NII):
- Small NII (sNII): Minimum 14 lots (966 shares) requiring ₹2,07,690.
- Large NII (bNII): Minimum 68 lots (4,692 shares) requiring ₹10,08,780.
Grey Market Premium (GMP):
The IPO is commanding a GMP of 41.86%, indicating an expected listing price of ₹305 per share, suggesting strong investor interest.
Timeline:
- Anchor Investor Funding: ₹78.05 crore secured on December 30, 2024.
- Bidding Period: December 31, 2024 – January 2, 2025.
- Allotment Date: January 3, 2025.
- Listing Date: January 7, 2025, on the BSE and NSE.
Lead Managers:
Aryaman Financial Services Limited is the book-running lead manager, while Mas Services Limited acts as the registrar.
The IPO offers a promising opportunity with its strong GMP and structured investment tiers catering to various investor categories.
