Listed Price₹256.00
Listing Gain+19.07%
Price Band₹204 - ₹215
Lot Size69 shares
Min Bid₹14,835
Subscription229.68x
Listed Market Snapshot
₹256.00Listed price from market data
+19.07%listing gain
Issue Amount
₹260.15 Cr
Listed Price
₹256.00
Current Price
₹149.39
Registrar
Mas Services Limited
Timeline•Bookbuilding IPO
Open31 Dec 2024
Close02 Jan 2025
Allotment03 Jan 2025
Listing07 Jan 2025
Quota Reservation Portions
QIBPortion: 24,20,000 shares
28.57%HNIPortion: 18,15,000 shares
21.43%RetailPortion: 42,35,000 shares
50%Minimum Application Bracket Matrix
Retail1 lots / 69 shares
₹14,835sHNI14 lots / 966 shares
₹2,07,690bHNI68 lots / 4,692 shares
₹10,08,780About the Company
Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors from 16 HP to 110 HP and cranes with capacities of 9 to 30 tons at its Baddi, Himachal Pradesh facility, which spans 127,840 sq. meters and includes a captive foundry, machine shop, and assembly units, with annual capacities of 12,000 tractors and 1,280 cranes. To meet growing demand, it has acquired additional land to expand crane production by 3,600 units annually. Indo Farm exports to Nepal, Syria, Sudan, Bangladesh, Myanmar, and other countries, and employs 938 people as of June 30, 2024.
Company Promoters
Ranbir Singh KhadwaliaSunita Saini