Indo Farm | Business Upturn

Indo Farm shares fall nearly 5% today

Aditya Bhagchandani — Thu, 09 Jan 2025 08:29:35 +0000

Shares of Indo Farm Equipment Ltd witnessed a dip of nearly 5% today, extending the downtrend since its listing on January 7, 2025, where the stock debuted at ₹256, marking a 19% premium over its IPO price of ₹215. Despite its promising start, the stock has fallen nearly 6% since its debut.

IPO Performance and Highlights:

Issue Size: The ₹260.15 crore IPO included:
- Fresh issue of 86 lakh equity shares.
- Offer-for-sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia.
Subscription: The IPO was oversubscribed 227.57 times on its final day.
Price Band: Shares were priced between ₹204-₹215 per share.

Utilization of IPO Proceeds:

Expansion of Manufacturing Capacity: Funds are earmarked to establish a dedicated unit for enhancing pick-and-carry crane production.
Debt Reduction: A significant portion will be used to repay the company’s existing debt.
Investment in NBFC Subsidiary: Barota Finance, Indo Farm’s NBFC arm, will utilize funds to augment its capital base and meet future requirements.

INDO FARM EQUIPMENT LTD Share Price history

Day	Open	Close	Change %
Wed, Jan 8 2025	₹276.44	₹277.80	+1.50%
Tue, Jan 7 2025	₹256.00	₹273.69	—%
Thu, Jan 9 2025	₹–	₹–	—%
Thu, Jan 9 2025	₹–	₹–	—%
Thu, Jan 9 2025	₹–	₹–	—%
Thu, Jan 9 2025	₹–	₹–	—%
Thu, Jan 9 2025	₹–	₹–	—%
Thu, Jan 9 2025	₹–	₹–	—%

Indo Farm Equipment shares surge 4% after Negen Capital Services buys major stake via block deal

Aditya Bhagchandani — Wed, 08 Jan 2025 04:31:21 +0000

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.

Indo Farm Equipment IPO: Subscription crosses 27 times on Day 2, check latest GMP and more

Aditya Bhagchandani — Wed, 01 Jan 2025 06:16:24 +0000

The Indo Farm Equipment Ltd IPO witnessed strong investor participation, being subscribed 27 times by Day 2 of the subscription period, which ends on January 2. The IPO, valued at Rs 260 crore, is priced between Rs 204-215 per share.

Subscription Details (as of 11:30 AM, NSE Data):

Overall Subscription: 26.85 times (22.74 crore bids for 84.70 lakh shares)
Non-Institutional Investors: 50.28 times
Retail Individual Investors (RIIs): 27.51 times
Qualified Institutional Buyers (QIBs): 8.13 times

The company previously raised over Rs 78 crore from anchor investors.

Grey Market Premium (GMP):

The IPO has garnered significant attention in the grey market, with a premium of Rs 95, indicating a potential listing gain of 44.18%. This places the company’s market capitalisation at over Rs 1,000 crore at the upper price band.

Business Overview:

Indo Farm Equipment is engaged in the manufacturing of tractors, pick-and-carry cranes, and other farm equipment.

Key Dates:

IPO Closes: January 2, 2025
Allotment of Shares: Likely on January 3, 2025
Listing Date: Scheduled for January 7, 2025 on BSE and NSE

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.