The initial public offer (IPO) of Indo Farm Equipment Limited will open on 31 December. Investors will be able to bid for this issue till January 2. Also, on January 7, the company's stocks will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Indo Farm Equipment Limited in its IPO ( Indo Farm Equipment IPO) has planned to collect Rs 260.15 crore. For this, Indo Farm Equipment Limited is issuing 86 lakh new shares worth Rs 184.90 crore. At the same time, existing investors of Indo Farm Equipment are selling 35 lakh shares worth Rs 75.25 crore.
Know how much you can invest?
Indo Farm Equipment Limited has fixed the price band of IPO at ₹204 – ₹215. Retail investors can bid for at least one lot i.e. 69 stocks. If you apply for 1 lot as per the upper price band of IPO Rs 215, then you will have to invest Rs 14 thousand 835 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 897 shares. For this, investors will have to invest Rs 1 lakh 92 thousand 855 as per the upper price band.
Know how much is reserved for retail investors
The company has reserved 50 percent of the issue for Qualified Institutional Buyers (QIB). Also, 35 percent share is reserved for retail investors and the remaining 15 percent share is reserved for non-institutional investors (NII).
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