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Indo Farms Equipment IPO GMP Live Updates: The IPO was open for bidding from December 31 to January 2, with price band set between Rs 204 to Rs 215 per share. Non-institutional investors (NIIs) oversubscribed their portion 501.65 times, while qualified institutional buyers (QIBs) subscribed 242.40 times. Retail investors also garnered a subscription rate of 101.64 times. By the final day of the bidding, the IPO achieved an overall subscription of 227.57 times, according to data from the NSE.
Indo Farm Equipment is set to list on the stock market today, January 7. The allotment of shares for the IPO was completed on January 3.
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Indo Farms Equipment IPO GMP Today Live: Check share price, GMP, listing price
08:49 (IST) 7 Jan 2025 Indo Farms Equipment IPO Listing Live Updates: About the company
Indo Farm Equipment Limited, established in 1994, specialises in producing tractors, pick-and-carry cranes, and other harvesting machinery. The company operates under two brands, Indo Farm and Indo Power, and exports its products to several countries, including Nepal, Syria, Sudan, Bangladesh, and Myanmar.
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