
Manufacturing · NSE / BSE
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.
Price Band
₹204 – ₹215
Issue Size
₹260 Cr
Lot Size
69 shares
GMP
+35.4%
Est. Listing
₹291
at current GMP
Subscribed
229.68x
overall
Open
31 Dec 2024
Close
2 Jan 2025
Allotment
3 Jan 2025
Refund
4 Jan 2025
Demat Credit
5 Jan 2025
Listing
7 Jan 2025
Designated Registrar: Mas Services Limited
Allotment Date
3 Jan 2025
Basis finalization
Refunds Initiate
4 Jan 2025
Mandate release
Demat Credit
5 Jan 2025
Shares in demat
Listing Debut
7 Jan 2025
Trading begins
Indo Farm Equipment Limited is bringing an initial public offering (IPO) in the Manufacturing sector with an aggregate issue size of ₹260.15 Crores. The shares are offered at a price band of ₹204 to ₹215 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2025-01-02, the basis of allotment is scheduled to be finalized on 2025-01-03. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Mas Services Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.