Indo Farm Equipment IPO Allotment Status Live: The IPO’s allotment status can be checked online on the registrar’s, NSE, and BSE websites. The IPO subscribed to a total of 227.67 times. The retail buyers booked the issue 101.79 times while the NIIs subscribed to the issue 501.75 times.
Indo Farm Equipment raised Rs 260.15 crore through a combination of a fresh issue and an offer for sale. The IPO bidding was started on December 31 and ended on January 2. The IPO price band was set at Rs 204 to Rs 215 per equity share. Aryaman Financial Services was the book-running lead manager of the IPO, while Mas Services was the registrar for the issue.
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Indo Farm Equipment IPO Allotment Status GMP: Check status online on Mas Services, NSE, BSE
Indo Farm Equipment IPO Allotment Status Live: Anand Rathi Research’s take on IPO
“We believe that the Indo Farm with traditional business value and experienced promoters and well-planned capacity expansion, debt repayment and strengthening of the financial arm is expected to be capitalising over the long run,” said Anand Rathi Research in an IPO note. Hence considering all parameters, we recommend the issue can be considered as “Subscribe for Long Term.”
Indo Farm Equipment IPO Allotment Status Live: Bajaj broking on IPO
“If we annualize FY25 earnings based on its post-IPO fully diluted paid-up equity capital, the asking price reflects a P/E of 105.39. Based on FY24 earnings, the P/E is 66.15. The issue seems aggressively priced relative to its recent earnings,” said Bajaj Broking in an IPO note.
Indo Farm Equipment IPO Allotment Status Live: Objects of the issue
Funds raised through the IPO will be used for the expansion of pick-and-carry crane manufacturing capacity, repayment of borrowings, investment in Barota Finance, its NBFC subsidiary.
Furthermore, it will also be used for general corporate purposes.
Indo Farm Equipment IPO Allotment Status Live: Reliance Securities on IPO
“IFEL is in a fairly strong position in both the segments it operates in and with the possibility of the market expanding substantially in both the segments in the near future, IFEL should be able to grow along with the sector, its capacity additions in the cranes segment would aid strong growth and refinancing its own tractors through its subsidiary will improve the tractor units growth and margin expansion for the overall business. IFEL has a fully integrated manufacturing plant with 40-60% of products being made in house and its strong R&D product development capabilities of designing new developments, strong entry barriers with attractive industry dynamics, strong promoter pedigree augurs for multifold growth in the coming years. Hence, we recommend a SUBSCRIBE to the issue,” added Reliance Securities in an IPO note.
Indo Farm Equipment IPO Allotment Status Live: Export market footprint
Indo Farm Equipment exports to key markets like NepalSyria, and Sudan, diversifying its revenue streams and strengthening its global presence.
Indo Farm Equipment IPO Allotment Status Live: Bajaj Broking review on the issue
“According to management, the industry historically generates 30-35% of annual revenue in the first half and the remainder in the second half. Therefore, annualized earnings based on Q1 figures may not accurately reflect the company’s financial performance. The company is expected to benefit from expanded capacities for Pick and Carry cranes and support from their proposed financial arm, which will boost tractor sales, resulting in higher turnover and profits going forward,” said Bajaj Broking in an IPO note.
Indo Farm Equipment IPO Allotment Status Live: Key players in the IPO
Aryaman Financial Services served as the lead manager, ensuring a smooth IPO process, while Mas Services managed the registrar duties.
Indo Farm Equipment IPO Allotment Status Live: GMP update
As per the recent trends, the shares of Indo Farm Equipment IPO is trading at a premium of Rs 96, signaling an estimated listing of Rs 311 per share, a 44.65 per cent gain over the issue price of Rs 215 per share. However, it is important to note that GMP is not the actual listing price and may fluctuate depending on the market sentiments.
Indo Farm Equipment IPO Allotment Status Live: Subscription numbers
The IPO received an overall subscription of 227.67 times. The retail segment was subscribed 101.79 times, QIBs subscribed 242.4 times, and NIIs led with 501.75 times.
Indo Farm Equipment IPO Allotment Status Live: Financial performance
Between FY 2023 and FY 2024, Indo Farm Equipment reported a 1 per cent increase in revenue and a 1 per cent rise in profit after tax (PAT).
Indo Farm Equipment IPO Allotment Status Live: About the company
Indo Farm Equipment, is a manufacturer of tractors, pick-and-carry cranes, and harvesting equipment founded in 1994. The company operates under the brands Indo Farm and Indo Power, exporting products to NepalSyria, Sudan, Bangladeshand Myanmar
Indo Farm Equipment IPO Allotment Status Live: Issue Price
The IPO price band is fixed at Rs 204 to Rs 215 per share, with a minimum lot size of 69 shares. Retail investors need a minimum investment of Rs 14,835, while sNII (small non-institutional investors) require Rs 2,07,690 for 14 lots. For bNII (big non-institutional investors), the minimum is Rs 10,08,780 for 68 lots.
Indo Farm Equipment IPO Allotment Status Live: Allotment and Listing
After its three-day bidding process, the allotments of shares is likely to be finalised today, January 3, 2025. Listing is set for January 7, 2025, on the BSE and NSE.
Indo Farm Equipment IPO Allotment Status Live: GMP update
The company’s shares were fetching a premium of 44.65% in the grey market. This indicates that the stock might list a price around Rs 311 on the bourses. The grey market is an unofficial place to trade shares ahead of listing.
Indo Farm Equipment IPO Allotment Status Live- Key Highlights
The Indo Farm Equipment IPO‘s bidding phase ran from December 31, 2024, to January 2, 2025. This is a book-built issue of Rs 260.15 crore includes a fresh issue of 0.86 crore shares worth Rs 184.90 crore and an offer for sale of 0.35 crore shares valued at Rs 75.25 crore.
