
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹215
Band: ₹204 – ₹215
Estimated Listing Price
₹291
Upper price + GMP
Lot Size
69 shares
Min investment ₹14,835
Estimated Profit / Lot
₹5,244
69 × ₹76
Grey Market Premium trend
+₹76
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹76 | 35.4% | ₹291 |
| 30 Oct 2026 | +₹76 | 35.4% | ₹291 |
| 29 Oct 2026 | +₹68 | 31.8% | ₹283 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Indo Farm Equipment Limited IPO is ₹76, which indicates an expected listing price of ₹291.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.