Indo Farm Equipment Limited is set to launch its IPO on December 31, 2024, with a price band ranging from ₹204 to ₹215 per share. The company aims to raise approximately ₹260.15 crore through this offering. As of today, Indo Farm Equipment IPO Grey Market Premium is ₹94, indicating that the shares are trading at their issue price without any premium or discount in the unofficial market.
Indo Farm Equipment IPO Grey Market Premium
As of December 28, 2024, the GMP for Indo Farm Equipment IPO is ₹94, meaning there is 94 rupee premium in the grey market. This could indicate positive market sentiment toward the IPO. It is crucial to note that GMP trends can fluctuate daily based on demand, market conditions, and the perception of the company’s potential.
Indo Farm Equipment IPO Details
| Terms | Details |
|---|---|
| Issue Size | ₹260.15 crore |
| Fresh Issue | ₹184.90 crore |
| Offer for Sale (OFS) | ₹75.25 crore |
| Price Band | ₹204 to ₹215 per share |
| Market Lot | 69 shares per lot |
| IPO Type | Book Built Issue |
| Listing At | BSE and NSE |
| IPO Opening Date | December 31, 2024 |
| IPO Closing Date | January 2, 2025 |
| Basis of Allotment Finalization | January 3, 2025 |
| Refunds Initiation | January 6, 2025 |
| Shares Credited to Demat Accounts | January 6, 2025 |
| IPO Listing Date | January 7, 2025 |
Indo Farm Equipment IPO GMP Trend
The Indo Farm Equipment IPO has captured the attention of investors ahead of its launch. The grey market premium (GMP) indicates strong interest, with the shares currently commanding a premium of ₹84. This suggests a potential listing price of approximately ₹300 per share, offering a promising listing gain of around 40% over the upper end of the issue price.
| Date | GMP (₹) | Trend |
|---|---|---|
| December 21 | ₹70 | Positive momentum |
| December 22 | ₹75 | Increasing interest |
| December 23 | ₹80 | Strong demand |
| December 27 | ₹84 | Steady growth |
| December 31 | ₹94 | Peak excitement |
Company Overview and Operating Model
Established in 1994, Indo Farm Equipment Limited is an ISO-certified company specializing in the manufacturing of tractors, cranes, engines, and diesel gensets. The company operates under the brands “Indo Farm” and “Indo Power,” catering to both domestic and international markets, including Nepal, Syria, Sudan, Bangladesh, and Myanmar. Their operating model focuses on producing reliable and efficient agricultural machinery to enhance farming productivity.
Company Official Website – https://www.indofarm.in/
Financial Results for Fiscal Year 2024
| Indicator | FY 2024 (₹ Cr) | FY 2023 (₹ Cr) | FY 2022 (₹ Cr) |
|---|---|---|---|
| Total Revenue | 353.5 | 347.9 | 331.1 |
| PAT (Net Profit) | 13.5 | 12.2 | 9.6 |
| Earnings Per Share | 3.6 | 3.2 | 2.6 |
Key Review: Apply or Not
Investors considering the Indo Farm Equipment IPO should evaluate the company’s financial health, market position, and growth prospects. While the GMP is currently positive side, indicating 40% listing gains, the company’s established presence in the agricultural machinery sector and its expansion plans could offer potential for long-term growth. It’s advisable to consult with financial advisors and consider market conditions before making an investment decision.
Pravin Bhosale
Since stepping into the world of trading in 2019, i have gained valuable experience navigating the markets, have knowldge in indices like Bank Nifty, Nifty IT, Sensex, Bankex, and Finifty. Also have sound knowldge about IPO industry & ipo process. our blog aims to make finance approachable, offering practical insights for readers to better understand and act on market trends.
Top 5 FAQs
- What is the price band for the Indo Farm Equipment IPO?
- The price band is set between ₹204 and ₹215 per share.
- When will the IPO open and close?
- The IPO opens on December 31, 2024, and closes on January 2, 2025.
- What is the lot size for the IPO?
- The minimum lot size is 69 shares.
- Where will the shares be listed?
- The shares will be listed on both BSE and NSE.
- What is the current Grey Market Premium (GMP) for the IPO?
- As of December 24, 2024, the GMP is ₹94