Indo Farm Equipment IPO allotment: Indo Farm Equipment Limited's Initial Public Offering (IPO) will be final for allotment on Friday, January 3. The company's shares will be listed on BSE and NSE on January 7. The IPO was subscribed from December 31 to January 2, in which tremendous demand was seen. The total subscription of this IPO was 227.57 times.

IPO details and subscription status

The price band of this IPO was ₹204-215 per share. The subscription in different segments of the IPO till the last day was as follows:

• Qualified Institutional Buyers (QIBs): Subscribed 242.40 times.
• Non-Institutional Investors (NIIs): Subscribed 501.65 times.
• Retail Investors: Subscribed 101.64 times.

Indo Farm Equipment IPO GMPIndo Farm Equipment shares are gaining strong on the grey market premium (GMP) on Friday. According to stock market experts, Indo Farm Equipment IPO GMP today is ₹ 97 per share. This indicates that Indo Farm Equipment shares are trading at ₹ 97 higher than their issue price in the grey market.

Considering Indo Farm Equipment IPO GMP today, the expected listing price of Indo Farm Equipment shares will be ₹ 312 per share, which is 45% higher than the price band of ₹ 215 per share.

How to check IPO allotment

Investors who have participated in this IPO can check their allotment status through the website of BSE, NSE or the registrar of the IPO, Mas Financial Services Ltd.

Check allotment status from BSE website

• BSE IPO Allotment PageGo to.
• Select 'Equity'.
• Select 'Indo Farm Equipment' from the dropdown.
• Enter your application number or PAN number.
• Click on 'Search' and check your status.
• Check status from Mas Financial Services Limited website:
• IPO of Mas Financial Services LimitedAllotment PageGo to.
• Select 'Indo Farm Equipment'.
• Fill in the details like PAN or DP/Client ID.
• Click on 'Submit' and check the status.

Check status from NSE website

InvestorsNSE websiteYou can check the allotment status by logging in or making a new registration.

PROCEDURE FOR CREDIT AND REFUND OF SHARES

Indo Farm Equipment shares will be credited to the demat accounts of successful applicants by January 6. Refund process will be initiated for those who do not get allotment.

About the Company

Indo Farm Equipment Limited was founded in 1994. It is known as a leading manufacturer of tractors and pick-and-carry cranes. The company also manufactures other agricultural equipment products such as harvester combines, rotovators and related spare parts, although these are a small part of the total revenue. The company's products are exported to many countries.

In FY24, the company reported revenue of ₹375 crore and net profit of ₹15.5 crore.