Indo Farm Equipment IPO Allotment: How to Check Your Status in 3 Simple Steps on BSE, NSE, and Registrar Website!

Indo Farm Equipment IPO allotment will be finalized on January 3, 2025, with shares set to debut on January 7. The IPO saw an overwhelming subscription, with 227.57 times overall demand. Investors can check their allotment status via the BSE, NSE, or registrar’s website by entering their application number or PAN.

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Indo Farm Equipment IPO Allotment Status

Indo Farm Equipment IPO Allotment: How to Check Your Status in 3 Simple Steps on BSE, NSE, and Registrar Website!

Indo Farm Equipment IPO Allotment Status: Live Updates Ahead of January 7 Listing, GMP Rises

Indo Farm Equipment IPO Allotment: How to Check As of January 3, 2025, the Indo Farm Equipment IPO has generated significant interest, with its Grey Market Premium (GMP) reaching ₹96. This implies a potential 40% listing gain over the issue price. The IPO, which closed on a high note with one of the strongest subscription rates, is set to finalize its allotment status today.

IPO Subscription Highlights:

• Final Day Subscription: The IPO was subscribed 227.57 times overall, receiving bids for 192 crore shares against an offering of 84.7 lakh shares.
• Category-Wise Subscription: Non-Institutional Investors (NIIs) subscribed 501.65 times, Retail Investors (RIIs) 101.64 times, and Qualified Institutional Buyers (QIBs) 242.40 times.
• Anchor Investor Round: Prior to the IPO, ₹78.04 crore was raised through anchor investors, with participation from 11 institutions.

IPO Details:

• Issue Size: ₹260 crore, including a fresh issue of ₹185 crore and an Offer for Sale (OFS) of 35 lakh shares.
• Price Band: ₹204-₹215 per share.
• Revenue and Profit: For FY24, Indo Farm Equipment reported a revenue of ₹375 crore and a net profit of ₹15.5 crore.
• Utilization of Proceeds: Funds will be used to repay borrowings (₹50 crore), strengthen its NBFC subsidiary Barota Finance (₹45 crore), and for general corporate purposes.

How to Check Allotment Status:

1. Via Mas Financial Services:
   • Visit the IPO allotment page on Mas Financial Services’ website.
   • Select ‘Indo Farm Equipment’ from the dropdown menu.
   • Enter your PAN or DP/Client ID and submit to view the status.
2. Via BSE Website:
   • Navigate to the BSE IPO allotment page.
   • Select ‘Equity’ as the issue type and choose ‘Indo Farm Equipment.’
   • Enter your application number or PAN and click ‘Search.’

Looking Ahead: The shares are scheduled to list on January 7, 2025. Market observers anticipate a robust debut, driven by strong subscription figures and the promising GMP trends. Stay updated for the latest developments as the allotment process unfolds.

Indo Farm IPO oversubscribed, strong GMP

Indo Farm Equipment IPO Allotment: How to Check The Indo Farm Equipment IPO has seen a significant increase in demand, with the grey market premium (GMP) rising to Rs 96 as of January 3, 2025, indicating a 40% potential gain if the stock lists today. The IPO, which has garnered high subscription rates, closed with a subscription of 227.57 times. The Non-Institutional Investors (NIIs) segment was subscribed 501.65 times, while the Retail Individual Investors (RIIs) portion received a subscription of 101.64 times, and Qualified Institutional Buyers (QIBs) subscribed 242.40 times.

The company aims to use the IPO proceeds to reduce borrowings (Rs 50 crore), invest in its subsidiary Barota Finance (Rs 45 crore), and for general corporate purposes. The issue size totals Rs 260 crore, with a price band ranging from Rs 204-215 per share. The listing is scheduled for January 7, 2025.

Investors can check their allotment status by visiting the BSE or Mas Financial Services websites, entering their application number or PAN details. The IPO is expected to be finalized soon, with market experts closely monitoring the developments.

Indo Farm Equipment IPO Allotment: How to Check Indo Farm Equipment Ltd. will finalize the allotment of its Initial Public Offering (IPO) on January 3, 2025. The company’s shares are set to list on the BSE and NSE on January 7. The IPO, which was open for subscription from December 31 to January 2, saw overwhelming demand, with a subscription rate of 227.57 times by the final day. The price range for the shares was ₹204-215 per share.

Investors can check their allotment status via the official websites of BSE, NSE, or the registrar, Mas Financial Services Ltd.

How to Check Allotment Status:

1. On BSE website:
   • Visit the BSE IPO allotment page.
   • Select ‘Equity’ as the issue type.
   • Choose ‘Indo Farm Equipment’ from the dropdown.
   • Enter your application number or PAN.
   • Click ‘Search’ to view your status.
2. On Mas Financial Services Ltd. website:
   • Go to the IPO allotment page.
   • Select ‘Indo Farm Equipment’ from the dropdown.
   • Provide your PAN or DP/Client ID.
   • Click ‘Submit’ to check your status.

Indo Farm Equipment IPO Allotment: How to Check Investors can also check via the NSE website by logging in or creating an account.

Shares of Indo Farm Equipment will be credited to successful applicants’ demat accounts, while refunds for those not allotted shares will be processed on January 6.

The IPO raised ₹78.04 crore from anchor investors before launch. It included a fresh issue of ₹185 crore and an Offer for Sale (OFS) of 35 lakh shares, totaling ₹260 crore. The proceeds will be used for debt repayment, investing in the NBFC subsidiary Barota Finance, and general corporate purposes.

Indo Farm Equipment, founded in 1994, is a major manufacturer of tractors, cranes, and other agricultural equipment. For fiscal year 2024, it reported a revenue of ₹375 crore and a net profit of ₹15.5 crore.