Indo Farm IPO listing is scheduled for tomorrow, January 7, 2024. The IPO allotment was finalized on January 3, 2024. For those who have been allocated shares, the shares will be credited to their demat accounts today, January 6. Additionally, the refund process for those who did not receive shares will also be completed today. Here’s what you need to know about the Indo Farm IPO listing tomorrow.
Indo Farm IPO Listing Tomorrow
On the final day of subscription, January 2, Indo Farm IPO was strongly subscribed 227.51 times in total as the issue received bids for 192.70 crore equity shares as against 84.70 lakh shares on the offer, as per NSE data. The non-institutional investor (NII) quota was oversubscribed 501.63 times, while the qualified institutional buyer (QIB) segment saw 242.4 times subscription. The retail individual investor (RII) quota received 45.76 times the subscription.
In the Indo Farm IPO, 15% of the shares are allocated for non-institutional investors (NII), 35% are designated for retail investors, and 50% are reserved for qualified institutional buyers (QIB).
Indo Farm IPO GMP
Investors are also considering the market opportunity and the unique premium of manufacturers specializing in agricultural and industrial equipment about to enter the market. Consequently, there is a significant grey market premium (GMP), offering a profit potential. Let’s examine what the GMP for Indo Farm IPO has indicated in the last few days ahead of its listing.
Over the past eleven days (25 Dec – 6 Jan), the average grey market premium (GMP) for Indo Farm IPO was INR 75 per share, with today’s GMP being at INR 95 per share. This indicates that Indo Farm shares were trading at a premium of INR 95 in the grey market, according to IPOCentral’s GMP tracker. Accordingly, the anticipated listing price for Indo Farm IPO is pegged at INR 310 per share. This figure represents an impressive 44.2% profit from the IPO price of INR 215 per share, factoring in the upper limit of the IPO pricing range and the current premium observed in the grey market.
Recent grey market trends over the last nine sessions suggest a rising IPO GMP, hinting at a strong listing ahead. The term “Grey market premium” signifies the willingness of investors to pay a price higher than the initial offering price.
Indo Farm IPO Details
Indo Farm IPO subscription commenced on 31 December 2024 and concluded on 2 January 2025. The IPO is to raise INR 246.84 – 260.15 crores through a fresh issue of 86 lakhs shares, and an Offer for Sale (OFS) of 35 lakhs shares. The price band is fixed at INR 204 – 215 per share. Indo Farm IPO market lot has 69 shares, and the minimum application amount is INR 14,835.
Indo Farm Equipment is an ISO-certified manufacturer specializing in agricultural and industrial equipment. The company commenced its operations with a focus on tractors, initially producing a single model of 50 HP, and has since expanded to offer a wide range of tractors from 20 HP to 110 HP. In 2008, Indo Farm diversified its product line to include Pick-N-Carry cranes with capacities ranging from 9 to 30 tons, showcasing its commitment to innovation and market needs. The manufacturing facility spans 34 acres and boasts advanced technology, including induction furnaces and modern CNC machining centers, ensuring high-quality production standards.
Indo Farm IPO Listing FAQs
What are Indo Farm IPO dates?
Indo Farm IPO subscription commenced on 31 December 2024 and concluded on 2 January 2025.
When is the Indo Farm IPO listing expected?
Indo Farm IPO will be listed on 7 January 2025, on the BSE and NSE stock exchanges.
Can we buy an IPO on the listing date?
You can place a buy order at a desired price for the IPO shares on the listing day after 10 AM.
