Indo Farm Equipment IPO Allotment Status

Summary

Indo Farm Equipment Limited specialises in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment. The company operates through two brands - Indo Farm and Indo Power- and exports to countries including Nepal, Syria, Sudan, Bangladesh, and Myanmar. This IPO aims to support the company's expansion by setting up new manufacturing capacity and meeting its capital requirements.

Indo Farm Equipment Limited has launched, with a total issue size of ₹260.15 crore. It comprises a fresh issue of 0.86 crore shares worth ₹184.90 crore and an offer for sale of 0.35 crore shares aggregating to ₹75.25 crore. The IPO opened on December 31, 2024, and closed on January 2, 2025. The allotment date of the Indo Farm Equipment IPO is on Friday, January 3, 2025.

How to Check Indo Farm IPO Allotment Status:

Steps to Check Indo Farm Equipment IPO Allotment Status on Registrar Site

• Visit Mas Services Limited website.
• Select "Indo Farm Equipment IPO" from the dropdown menu.
• Enter your PAN ID, Demat Account Number, or Application Number.
• Complete the captcha verification and click "Submit."

Steps to Check Indo Farm Equipment IPO Allotment Status on BSE/NSE

• Visit the BSE or NSE IPO Allotment Page.
• Select "Indo Farm Equipment IPO" from the dropdown menu.
• Enter your Application Number and PAN ID.
• Confirm captcha and click "Search."

Indo Farm Equipment Subscription Status 

The Indo Farm Equipment IPO received an overwhelming response, being subscribed 227.67 times overall. Here is a category-wise breakdown of the subscription as of 6:19:08 PM on January 2, 2025:

• Retail Category: 101.79 times
• Qualified Institutional Buyers (QIB): 242.40 times
• Non-Institutional Investors (NII): 501.75 times

As of 6:19:08 PM on January 2, 2025

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilised as follows:

• Manufacturing Expansion: Setting up a new dedicated unit for expansion of Pick & Carry Cranes manufacturing capacity.
• Debt Reduction: Repayment or pre-payment of certain borrowings availed by the company.
• NBFC Investment: Further investment in NBFC subsidiary (Barota Finance Ltd.) to meet future capital requirements.
• General Corporate Purposes: Supporting various business objectives.

Indo Farm Equipment IPO - Listing Details

The shares of Indo Farm Equipment Limited are scheduled to be listed on January 7, 2025, on both the BSE and NSE. Indo Farm Equipment's IPO has garnered exceptional investor interest, with a subscription rate of 227.67 times. The funds raised will support the company's expansion plans and operational needs, positioning it for future growth. Investors can check the allotment status through the registrar's website or BSE/NSE on the allotment date of January 3, 2025. The shares are set to debut on January 7, 2025, marking an important milestone for market participants.