The allotment of the Indo Farm Equipment IPO has been finalised. Investors can now check the IPO allotment status on the websites of the BSE and NSE, as well as on registrar Mas Services Ltd’s portal. The direct link to check IPO allotment status is given below. The latest GMP currently stands at 46.05 per cent, signalling a strong listing gain for investors. The Indo Farm Equipment IPO listing will take place on Tuesday, January 7.
The company recently launched its IPO, which was open for bidding from December 31, 2024, to January 2, 2025. The allotment of shares is expected to be finalized today, January 3, 2025. The IPO received a whopping 227.67 times subscription. The retail category received a 101.79 times subscription in total, the NII (non-institutional investors) portion got 501.75 times subscription. Its QIB (qualified institutional buyer) category has been subscribed by 242.4 times.
How to Check Indo Farm Equipment IPO Allotment Status Online
Steps to Check Allotment Status on BSE
- Visit the IPO allotment page on the BSE website or click here to check IPO Allotment status
- Select the issue type as “Equity.”
- Choose “Indo Farm Equipment Limited” from the dropdown menu.
- Enter your application number or PAN (Permanent Account Number).
- Verify the Captcha to confirm you’re not a robot.
- Click “Search” to view your allotment status.
Steps to Check Allotment Status on NSE
- Visit the IPO allotment page on the NSE website.
- Select “INDOFARM” from the dropdown menu.
- Provide your application number or PAN.
- Complete the Captcha verification.
- Click “Search” to view your allotment status.
Steps to Check Allotment Status on Mas Services Limited
- Go to the IPO allotment section on the official Mas Services Limited website.
- Select “Indo Farm Equipment” from the dropdown menu.
- Enter your PAN or Client ID.
- Click “Submit” to view your allotment status.
IPO Details
The Indo Farm Equipment IPO is valued at ₹260.15 crores, comprising:
- Fresh issue: 0.86 crore shares worth ₹184.90 crores
- Offer for sale: 0.35 crore shares amounting to ₹75.25 crores
The IPO, priced between ₹204 and ₹215 per share, required a minimum application of 69 shares (₹14,835 for retail investors). The IPO listing is expected on the BSE and NSE on January 7, 2025.
Investment Details
- Retail Investors: Minimum investment of ₹14,835 (69 shares).
- Small Non-Institutional Investors (sNII): Minimum investment of ₹2,07,690 (966 shares).
- Large Non-Institutional Investors (bNII): Minimum investment of ₹10,08,780 (4,692 shares).
Objectives of the IPO
The funds raised will support the following initiatives:
- Establishing a new unit to expand manufacturing capacity for Pick & Carry Cranes.
- Repayment or partial prepayment of specific borrowings.
- Investment in the company’s NBFC subsidiary, Barota Finance Ltd., to strengthen its capital base.
- Meeting general corporate purposes.
