Indo Farm Equipment shares witnessed a sharp rise of 3.58%, trading at ₹283.50, following a major transaction by Negen Capital Services. The investment firm acquired 3.8 lakh shares at ₹276.9 per share through a block deal, boosting market sentiment.
Indo Farm Equipment made its market debut on January 3, listing at ₹256 on the NSE, a premium of 19% over its issue price of ₹215. On the BSE, it opened at ₹258.40, reflecting a 20.19% premium. The strong debut underscored robust investor confidence in the company’s growth prospects.
IPO Highlights:
- IPO Size: ₹260.15 crore
- Price Band: ₹204-215 per equity share
- Subscription Period: December 31 to January 2
- Oversubscription: 227.67 times
- Retail Investors: 101.79 times
- Non-Institutional Investors (NIIs): 501.75 times
- Qualified Institutional Buyers (QIBs): 242.4 times
The IPO received an overwhelming response from all investor categories, with bids for 192.83 crore shares against an offer size of 84.70 lakh shares.
TOPICS:
Indo Farm