IPO Watch | New IPO will open for investment, multibagger earnings on first day, strong earning opportunity – IPO GMP
IPO Watch | Stock market IPO has proven to be a good return for investors in 2024. Now there is a big opportunity to invest in IPO in the new year. Indo Farm Equipment Limited is all set to launch its IPO. The IPO of Indo Farm Equipment Limited Company was open for investment between December 31 and January 2.
Indo Farm Equipment Company IPO Price Band
The price band for the IPO of Indo Farm Equipment Limited Company has been fixed at Rs 204-215 per share. Anchor investors can bid for the IPO of Indo Farm Equipment Company on December 30.
Status of IPO in gray market
According to InvestorGain.com, shares of Unlisted Market Indo Farm Equipment Company are available in the gray market at a premium of Rs 50. That means, on the day of listing in the stock market, the stock can give a return of at least 24 percent to the investors. Indo Farm Equipment Company shares may be listed at Rs 265.
Where will IPO funds be used?
Indo Farm Equipment Limited Company IPO consists of 86 lakh new equity shares and offer-for-sale of 35 lakh equity shares. Indo Farm Equipment Company will use the funds raised through the IPO to expand the company, repay debt and invest in the company's NBFC subsidiary Barota Finance.
about the company
Indo Farm Equipment Limited Company was established in 1994. Chandigarh-based Indo Farm Equipment Limited manufactures tractors, crop and carry cranes and a variety of harvesting machinery. The company operates under two brand names, Indo Farm and Indo Power. Indo Farm Equipment Limited exports its products to many countries including Nepal, Syria, Sudan, Bangladesh and Myanmar.
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