Indo Farm Equipment IPO Subscription Status: Strong Subscription Momentum At Its Peak On Day 3!

The Indo Farm Equipment IPO has received an exceptional response on its final day, with investors showing strong enthusiasm across all categories. Qualified Institutional Buyers (QIBs) have subscribed 17.42 times, Non-Institutional Investors (NIIs) have shown the highest interest with 282.94 times subscription, and Retail Investors have subscribed 69.62 times. Overall, Indo Farm Equipment IPO Subscription Status is subscribed an impressive 100.42 times, highlighting its popularity among investors.

In the grey market, the shares are trading at a premium of ₹90, pointing to a likely listing price of ₹305. This translates to a 42% gain over the issue price, reflecting strong market confidence in the company and its growth potential.

While the IPO’s pricing reflects a P/E ratio of 51.8x based on FY24 earnings, which is on the higher side compared to its peers, the company’s strong sales growth and strategic investments position it as an attractive option. Investors should carefully evaluate their financial goals and risk tolerance before making a decision and must consult with their financial advisor.

The strong subscription numbers and high GMP signal a promising listing, making this IPO a focal point for market watchers.

Indo Farm Equipment IPO Details

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