As the excitement around the Indo Farm Equipment IPO continues, investors are keenly awaiting the allotment date and details on how to check their status. The IPO has garnered significant attention, and here’s everything you need to know.
IPO Overview
The Indo Farm Equipment IPO was open for subscription from December 31, 2024, to January 2, 2025. The price band was set between ₹204 and ₹215 per share, with a total issue size of approximately ₹260.15 crore. This includes a fresh issue of 86 lakh equity shares worth ₹184.90 crore and an offer-for-sale of 35 lakh shares amounting to ₹75.25 crore.
Allotment Date
The allotment of shares for the Indo Farm Equipment IPO is expected to be finalized today, January 3, 2025. Investors will receive notifications regarding their allotment status via messages or emails by January 6, when shares will be credited to successful applicants’ demat accounts.
Estimated Listing Date
The shares of Indo Farm Equipment are scheduled to be listed on the BSE and NSE on January 7, 2025. Given the strong subscription rates, investors are optimistic about a favorable listing price.
How to Check Allotment Status Online
Investors can check their allotment status through several platforms:
Checking Allotment Status on BSE
- Visit the BSE website.
- Select ‘Equity’ in the Issue Type.
- Choose ‘Indo Farm Equipment Limited’ from the Issue Name dropdown menu.
- Enter either your Application Number or PAN.
- Verify by ticking ‘I am not a robot’ and click on ‘Search’.
Your allotment status will be displayed on the screen.
Checking Allotment Status on Mas Services
- Visit the Mas Services website.
- Select Indo Farm Equipment IPO from the list.
- Enter your PAN details.
- Click ‘Search’ to view your allotment status.
Grey Market Premium (GMP)
As of now, the Indo Farm Equipment IPO is commanding a strong grey market premium (GMP) of ₹97, suggesting that shares may list at around ₹312, which indicates a potential gain of approximately 45% over the upper end of the issue price.
Subscription Details
The Indo Farm Equipment IPO received overwhelming demand, with an overall subscription of 229.68 times by the end of the bidding process:
- Retail Investors: Subscribed 104.36 times
- Non-Institutional Investors (NIIs): Subscribed 503.39 times
- Qualified Institutional Buyers (QIBs): Subscribed 242.40 times
This high level of interest reflects strong investor confidence in the company’s future prospects.
Conclusion
With the allotment date approaching and positive signals from the grey market, investors are eagerly anticipating their allocation results for the Indo Farm Equipment IPO. Checking your allotment status is straightforward through BSE or Mas Services, ensuring you stay informed about your investment.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research or consult with a financial advisor before making investment decisions. Investments in securities are subject to market risks; read all related documents carefully before investing.
