Indo Farm Equipment IPO Subscription Status: Indo Farm Equipment’s IPO which opened for subscription on Tuesday, December 31, 2024, was oversubscribed 36.78 times so far on the second day of the bidding process. According to BSE data, it received a bid of 31,15,35,483 shares against 84,70,000 shares till 1:24 pm.
Category-wise, the Retail Individual Investors (RIIs) segment fetched 14,56,75,698 shares or 34.40 times as against 42,35,000 shares, reserved for them. Meanwhile, Non-Institutional Investors (NIIS), also known as HNIs, bid for 13,99,98,378 shares or 77.13 times against 18,15,000 shares, allotted to the category.
Qualified Institutional Buyers (QIBs), however, have shown less participation so far by bidding for 2,58,61,407 shares or 10.69 times as against 24,20,000 shares.
According to exchange data, the highest bid from investors was placed at Rs 204, while on the other hand, the lowest bid was placed at the fixed price.
Indo Farm Equipment IPO Important Details: Lot size, date of allotment and other details
The lot size of the IPO is 69 shares and many of them. The price is fixed between Rs 204 and Rs 215.
Indo Farm Equipment IPO | Date of allotment
The allotment date of the Indo Farm Equipment IPO is set for Friday, January 3, 2025.
Indo Farm Equipment IPO | Date of Listing
The stock of Indo Farm Equipment IPO will start trading on Tuesday, January 7, 2025.
BRLMs and registrars
Lead Book Managers (BRLMs): Company Aryaman Financial Services Ltd.
Official Registrar: Company MAS Services Ltd