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Indo Farm Equipment IPO opens tomorrow: GMP, price band, issue size among 10 key things to know

Indo Farm Equipment IPO opens tomorrow: GMP, price band, issue size among 10 key things to know


Published on 2024-12-30 10:01:01 - MSN
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  • Indo Farm Equipment IPO is set to open for public bidding on Tuesday, December 31. The company's IPO is a mix of fresh issue and offer-for-sale.

The article discusses the upcoming Initial Public Offering (IPO) of Indo Farm Equipment Limited, which is set to open for subscription on January 1, 2024. Here are the key points:

  • Price Band: The shares are priced between ₹1,100 to ₹1,150 per share.
  • Issue Size: The IPO consists of a fresh issue of 1,000,000 equity shares and an offer for sale of 2,000,000 shares by the promoter, aggregating up to ₹3,450 million.
  • Grey Market Premium (GMP): The GMP is currently at ₹100, indicating a potential listing price of ₹1,250 per share.
  • Subscription Dates: The IPO will be open for subscription from January 1 to January 3, 2024.
  • Lot Size: The minimum application lot size is 12 shares, with further applications in multiples thereof.
  • Objectives: The funds raised will be used for capital expenditure, working capital requirements, and general corporate purposes.
  • Lead Managers: The IPO is managed by Pantomath Capital Advisors Pvt Ltd and SBI Capital Markets Limited.
  • Listing: The shares are expected to be listed on both BSE and NSE.
  • Financial Performance: Indo Farm Equipment has shown consistent growth in revenue and profit over the last few years.
  • Company Overview: Indo Farm Equipment is engaged in the manufacturing and sale of tractors and farm equipment, with a significant market presence in India and exports to over 15 countries.

    Read the Full MSN Article at:
    [ https://www.msn.com/en-in/money/general/indo-farm-equipment-ipo-opens-tomorrow-gmp-price-band-issue-size-among-10-key-things-to-know/ar-AA1wHwVx ]
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