The Indo Farm Equipment IPO, which received an overwhelming response from investors, is set to finalize its share allotment on January 3, 2025. The ₹260.15-crore mainboard IPO witnessed a subscription of 227.42 times overall, showcasing strong demand across investor categories. Shares of the company are scheduled to list on the NSE and BSE on January 7, 2025.

Subscription Highlights:

The IPO, open for bidding from December 31, 2024, to January 2, 2025, attracted massive interest, particularly from Non-Institutional Investors (NIIs). Here’s the category-wise subscription data:

• Non-Institutional Investors (NIIs): Booked 501.8 times, receiving bids for 91.03 crore shares against 18.15 lakh shares.
• Qualified Institutional Buyers (QIBs): Subscribed 242.43 times, with bids for 58.65 crore shares against 24.2 lakh shares.
• Retail Investors: Subscribed 101.36 times, with 42.92 crore shares bid for against 42.35 lakh shares.

The IPO offered 84.7 lakh shares, including a fresh issue of 86 lakh equity shares and an offer-for-sale (OFS) of 35 lakh shares. The price band was set at ₹204-₹215 per share, with a minimum lot size of 69 shares, amounting to a minimum investment of ₹14,835.

Steps to Check Indo Farm Equipment IPO Allotment Status

Investors can check the status of their allotment through multiple platforms:

1. Mas Services Limited Website

• Visit: Mas Services Limited IPO Status
• Click on ‘IPO Allotment Status’.
• Choose between Search on Dp_ID/Client ID or PAN.
• Enter the relevant details and select Indo Farm Equipment Ltd.
• Submit to view the allotment status.

2. NSE Website

• Visit: NSE IPO Status Page
• Log in with your credentials (new users need to register).
• Select Indo Farm Equipment Ltd from the list.
• Enter your PAN and IPO Application Number.
• Click on Submit to check the status.

3. BSE Website

• Visit: BSE IPO Status Page
• Navigate to the IPO Allotment Status section.
• Enter your PAN and Application Number.
• Click on Submit to view the allotment result.

Key IPO Dates and Events

• Allotment Finalization: January 3, 2025
• Refunds and Share Transfers: January 6, 2025
• Listing Date: January 7, 2025

Indo Farm Equipment IPO: Company Overview

Indo Farm Equipment Limited is a leading manufacturer of tractors, pick-and-carry cranes, and farm equipment. The company also produces spares and components, catering to both domestic and international markets such as Bangladesh, Nepal, Myanmar, Sudan, and Syria. The firm operates out of its integrated manufacturing facility in Baddi, Himachal Pradesh, which includes:

• A captive foundry unit.
• Fabrication and assembly lines for tractors and cranes.
• Dedicated machine shops for efficient production.

Financial Performance

The financials of Indo Farm Equipment highlight steady growth:

Utilization of IPO Proceeds

The funds raised through the IPO will be allocated as follows:

• ₹71.1 crore: Expansion of manufacturing capacity for pick-and-carry cranes.
• ₹50 crore: Repayment/prepayment of certain loans.
• ₹45 crore: Investment in its NBFC subsidiary, Barota Finance Ltd.

Promoter Shareholding

• Pre-Issue: 93.45%
• Post-Issue: 69.44%