Indo Farm Equipment Limited, specializing in tractors, Pick & Carry Cranes, and harvesting equipment under the brands Indo Farm and Indo Power, recently concluded its Initial Public Offering (IPO). Here’s everything you need to know about checking the allotment status and details of the IPO.
How to Check Indo Farm Equipment IPO Allotment Status Online
On BSE Website:
- Visit the BSE IPO allotment page.
- Select ‘Equity’ as the issue type.
- Choose ‘Indo Farm Equipment Limited’ from the dropdown menu.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification.
- Click ‘Search’ to view your allotment status.
On NSE Website:
- Visit the NSE IPO allotment page.
- Select ‘INDOFARM’ from the dropdown menu.
- Enter your Application Number or PAN.
- Complete the CAPTCHA verification.
- Click ‘Search’ to view your allotment status.
On Registrar (Mas Services Limited):
- Go to the Mas Services Limited IPO allotment page.
- Select ‘Indo Farm Equipment’ from the dropdown.
- Enter details such as your PAN or Client ID.
- Click ‘Submit’ to view your allotment status.
IPO Details
- Total Issue Size: ₹260.15 crores
- Fresh Issue: 0.86 crore shares (₹184.90 crores)
- Offer for Sale (OFS): 0.35 crore shares (₹75.25 crores)
- Price Band: ₹204 to ₹215 per share
- Lot Size: Minimum 69 shares (₹14,835 for retail investors)
- IPO Timeline:
- Bidding Period: December 31, 2024 – January 2, 2025
- Allotment Finalization: January 3, 2025
- Listing Date: Tentatively January 7, 2025
Subscription Status on Day 3 (Final Day)
The IPO received 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 |
IPO Objectives
The funds raised from the IPO will support:
- Expansion of Manufacturing Capacity: Establishing a dedicated unit for Pick & Carry Cranes.
- Debt Reduction: Repayment or partial prepayment of borrowings.
- Investment in NBFC Subsidiary: Enhancing the capital base of Barota Finance Ltd. for future growth.
- General Corporate Purposes.
Disclaimer:
This information is for educational purposes only and does not constitute investment advice. Investors should perform their due diligence before making financial decisions.
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