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Unlisted shares of Indo Farm Equipment Ltd are presently buying and selling at Rs 305 per share within the gray market, which is Rs 90 or 41.86 per cent greater than the IPO subject worth of Rs 215. It signifies a robust itemizing on January 7.
Indo Farm Equipment IPO Listing Date
Indo Farm Equipment IPO Listing Date: Investors are keenly awaiting the itemizing of Indo Farm Equipment Ltd, whose IPO acquired a whopping over 227.67 occasions subscription between December 31 and January 2. The itemizing will happen tomorrow, January 7 (Tuesday). The newest GMP stands at 41.86 per cent, which is signalling a robust itemizing acquire for buyers.
The shares of Indo Farm Equipment Ltd are scheduled to be listed on each BSE and NSE on January 7, Tuesday.
Though the GMP of 41.86 per cent is decrease than the 46.05 per cent premium recorded final week, it nonetheless factors to a sturdy itemizing.
The Indo Farm Equipment IPO allotment was finalised on Saturday. Investors can now verify the IPO allotment standing on the web sites of the BSE and NSE, in addition to on registrar Mas Services Ltd’s portal.
The preliminary public providing of Indo Farm Equipment Ltd, which was opened on between December 31 and January 2, acquired a whopping 227.67 occasions subscription. The retail class acquired a 101.79 occasions subscription in whole, the NII (non-institutional buyers) portion bought 501.75 occasions subscription. Its QIB (certified institutional purchaser) class has been subscribed by 242.4 occasions.
The worth band of the IPO was fastened at Rs 204 to Rs 215 apiece.
Indo Farm Equipment IPO GMP Today
According to market observers, unlisted shares of Indo Farm Equipment Ltd are presently buying and selling at Rs 305 per share within the gray market, which is Rs 90 or 41.86 per cent greater than the IPO subject worth of Rs 215. It signifies a robust itemizing on January 7.
The GMP relies on market sentiments and retains altering. ‘Grey market premium’ signifies buyers’ readiness to pay greater than the difficulty worth.
Indo Farm Equipment IPO: More Details
The Rs 260-crore preliminary public providing (IPO) has a contemporary subject of 86 lakh fairness shares and an Offer-for-Sale (OFS) of 35 lakh fairness shares by promoter Ranbir Singh Khadwalia.
Proceeds from the contemporary subject might be used to arrange a brand new devoted unit for enlargement of the corporate’s decide & carry cranes manufacturing capability, fee of debt, funding within the firm’s NBFC subsidiary Barota Finance for financing the augmentation of its capital base to satisfy its future capital necessities.
Indo Farm Equipment manufactures tractors, decide & carry cranes and different farm tools.
At the higher finish of the value band, the IPO dimension has been pegged at Rs 260 crore, inserting the corporate’s market capitalisation at over Rs 1,000 crore.
Aryaman Financial Services is the only real book-running lead supervisor for the difficulty.
The fairness shares might be listed on the BSE and NSE.
