Indo Farm Equipment IPO: If you are thinking of betting on an IPO, then there is some useful news for you. Next week, another company's IPO is opening for investment. This is the last IPO of this year. Actually, the IPO of tractor and crane manufacturer Indo Farm Equipment will open on 31 December. Investors can bet on this IPO till 2 January. This IPO is making a splash in the grey market even before it opens.

Indo Farm Equipment IPO Price Band
The company has fixed the price band for its IPO at Rs 204 to Rs 215 per share.

Indo Farm Equipment IPO Lot Size
The company had created a lot of 69 shares. The minimum investment amount for retail investors was Rs 14,835. The size of this IPO is Rs 260.15 crore.

Indo Farm Equipment IPO Details
86 lakh new shares will be issued in the Indo Farm Equipment IPO. Also, there will be an Offer for Sale (OFS) of 35 lakh shares. 50 percent of the IPO is reserved for qualified institutional buyers, 35 percent for retail investors and 15 percent for non-institutional investors.

Indo Farm Equipment IPO listing date
allotment will be finalized on January 3 and shares will be listed on January 7 on BSE and NSE.

Indo Farm Equipment IPO Registrar
Aryaman Financial Services Limited is the Book Running Lead Manager for the IPO. The Registrar is Mas Services Limited.

Green signal from the grey market
This IPO is getting a good response in the grey market. On December 29, it is trading at a premium of Rs 90 in the grey market. This stock can give a profit of up to 41.86% on listing. The possible listing price is Rs 315. However, according to market experts, investment decisions should be taken according to the business health of the company rather than the signals received from the grey market.

Where will the funds be used
The money raised through the issuance of new shares will be used to set up a new dedicated unit for pick and carry cranes, repay debt in full or in part, invest in NBFC subsidiary Barota Finance and for general corporate purposes.