Indo Farm Share Price Climbs 8.86% on Listing Day

Indo Farm Equipment IPO opened for subscription on December 31, 2024 and ended on January 2, 2025.

It was a book-built issue of ₹260.15 crore. The issue was a combination of a fresh issue of 0.86 crore shares aggregating to ₹184.90 crores and an offer for sale of 0.35 crore shares aggregating to ₹75.25 crores. The Indo Farm Equipment IPO price band was set at ₹204 to ₹215 per share.

On Day 3 of subscription, January 2, 2025, as of 6:20 PM, Indo Farm Equipment IPO was subscribed 227.67 times. QIBs subscribed 242.4x, NIIs subscribed 501.75x, and retail investors subscribed 101.79x.

The share allotment was finalised on Friday, January 3, 2025, and the shares were listed on BSE and NSE on January 7, 2025.

Indo Farm Equipment Share Price

On the listing day, on the NSE, Indo Farm share price opened at ₹256.00, up from its issue price of ₹215.00. At 10:23 AM, the share price was trading at ₹278.68, up by 8.86% from its opening price of ₹256.00. As of the same time, the stock touched its day’s high at ₹286.71. The company’s market cap was ₹1,339.10 crore.

On the BSE, at 10:26 AM, Indo Farm Equipment share price was trading at ₹278, up by 7.59% from its opening price of ₹258.40 and 29.30% up from its issue price of ₹215.

About Indo Farm Equipment Limited

Indo Farm Equipment Limited, an ISO-certified crane and tractor manufacturer based in Baddi, Himachal Pradesh, began its manufacturing journey in 2000 through a technical collaboration with Ursus (Poland). Spread across 34 acres, Indo Farm’s advanced manufacturing facility produces a wide range of tractor models from 20 HP to 110 HP, offering various variants to meet diverse requirements. With an annual production capacity of 18,000 tractors, 2,400 cranes, and 20,000 engines, the company remains dedicated to maintaining high standards of excellence.

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