New Delhi. The last IPO of the year 2024, Indo Farm Equipment IPO, will open tomorrow i.e. on 31st December. The good thing is that regarding the last public issue of the year, there are signs of earning from the gray market. The unlisted shares of the issue are trading at a premium of Rs 80 (Indo Farm Equipment IPO GMP) in the gray market. Indo Farm Equipment IPO, a company manufacturing tractors, pick and carry cranes and other agricultural equipment, will open tomorrow. You can bid for the shares of this IPO till January 2, 2025. The total size of the IPO is Rs 260 crore. Indo Farm Equipment’s IPO includes a fresh issue of 86 lakh equity shares and an offer for sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia.
The price band of Indo Farm Equipment IPO has been fixed at Rs 204 to Rs 215 per share. There will be 69 shares in one lot of IPO. Thus, according to the upper price band of the issue of Rs 215, retail investors will have to invest at least Rs 14,835 in this IPO. The market cap of the company at the upper price band of the IPO will be more than Rs 1,000 crore.
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35 percent share reserved for retail investors
50% of the Indo Farm Equipment IPO is reserved for qualified institutional buyers (QIBs), 35% for retail investors (RIIs), and 15% for non-institutional investors (NIIs).
Indo Farm Equipment IPO GMP
Indo Farm Equipment’s IPO is performing strongly in the gray market. Its GMP is running at Rs 80 on Monday, 30th December. This means that this share can be listed at Rs 295 on the day of listing, which is 37.21% more than the upper price band (Rs 215).
Where will the money be used
Indo Farm Equipment will use the IPO proceeds to expand the company’s pick and carry crane manufacturing capacity, repay debt, set up a new dedicated unit and invest in the company’s subsidiary Barota Finance. Also, funds will be used for future capital needs.
(Disclaimer: Investment in IPO is subject to market risks. If you want to invest money in any of these, then first consult a certified investment advisor. AyraNews24x7 will not be responsible for any profit or loss of yours. .)
Tag: IPO, tips to earn money, stock market, stock market
first published : December 30, 2024, 2:52 pm IST
