The Indo Farm Equipment Limited IPO is now open from December 31, 2024, and it will remain open for bids till January 2, 2025. Indo Farm Equipment IPO Allotment Status: Public offering from Indo Farm Equipment has already been subscribed on the very first day of opening as the IPO of the company was released on Tuesday at a price range of ₹204 to ₹215. Investors brought an amount of ₹260.15 crore within the first two days of the bidding process of Indo Farm Equipment IPO.
How To Check Indo Farm Equipment IPO Allotment Status
Investors step to check Indo Farm Equipment IPO status details on the BSE website.
Step 1: Investors visit the BSE website.
Step 2: Open the IPO allotment page.
Step 3: Now select the Equity issue type.
Step 4: On the side menu, click the ‘Indo Farm Equipment’ option.
Step 5: Enter the PAN card number or application number.
Step 6: Click the ‘Search’ to view option.
Step 7: Now your IPO status is visible on the screen.
Indo Farm Equipment IPO Allotment Date
Indo Farm Equipment Limited shall close the share allotment status of its initial public offering on Friday, 3 January. The issue is mainly subscribed by Non-Institutional Investors (NIIs) with aggressive subscriptions. This mainboard issue of ₹260.15 crore opened for subscription from December 31 to January 2.
Total bids were in for 227.57 times the issue by Thursday close of the bidding at 5 pm. According to NSE data, bids for over 192.62 crore shares were received during the IPO compared to the 84.7 lakh shares on offer.
Indo Farm Equipment IPO Dates List
| IPO Events | Dates |
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 2 January 2025 |
| Basis of Allotment | 3 January 2025 |
| Refunds | 6 January 2025 |
| Transfer to Demat Account | 6 January 2025 |
| IPO Listing Date | 7 January 2025 |
Also Read: Axis Bank Share Price Target 2025 to 2035.
Website: BSE Investors.
Indo Farm Equipment IPO Details
Indo Farm Equipment intends to utilize the amount received through its IPO for several purposes. Of this amount, it plans to use around ₹50 crores in the repayment of loans and around ₹45 crores as additional capital to be infused in its NBFC subsidiary, Barota Finance, so that the subsidiary could expand in future. The rest of the money would be used for general business requirements for the furtherance of its business in overall plans.
Indo Farm Equipment Company Overview
Indo Farm Equipment is one of the best-established leaders in the Indian tractor and agricultural equipment business. The company, through its latest equipment offerings such as agriculture tractor, agriculture equipments harvesters, and other farming machines, contributes to the productivity of farmers across the country in a very significant manner. The organization is committed to significantly contributing to agricultural progress in India by providing reliable, high-performance equipment.
The company has factories in Baddi, Himachal Pradesh. These include a special machine shop, a foundry plant that it owns, and places to build and assemble tractors, pick-and-carry cranes, and other machines. The company exports to countries like Bangladesh, Nepal, Myanmar, Sudan, and Syria.
