Indo Farm Equipment IPO GMP: Insights from Grey Market Premium and Subscription Status Ahead of Listing
The grey market premium (GMP) for Indo Farm Equipment IPO decreased significantly, falling from ₹99 on the allotment day to ₹96 by January 5.
1/5/20252 min read
Indo Farm Equipment's initial public offering (IPO), which closed for bidding on January 2, garnered an outstanding response from investors across all categories. The IPO was oversubscribed by an impressive 229.68 times on the final day of bidding. A total of 194,53,89,519 shares were bid for, significantly exceeding the 84,70,000 shares available.
The demand for the IPO was remarkable across all segments, with the Qualified Institutional Buyers (QIB) category oversubscribed 242.40 times, the Non-Institutional Investors (NII) segment receiving 503.83 times more bids, and the retail segment attracting 104.92 times the offered shares.
The allotment for the Indo Farm Equipment IPO was finalized on January 3, and investors are now eagerly awaiting the listing on January 7.
Indo Farm Equipment IPO GMP
Ahead of the listing, shares of Indo Farm Equipment are trading at ₹96 in the grey market, according to market observers. This suggests that the listing price of the Indo Farm Equipment IPO is likely to be ₹311, representing a 44.65% increase from the IPO price of ₹215.
However, the grey market premium (GMP) for the Indo Farm Equipment IPO has experienced a notable decline, dropping from ₹99 on the allotment day to ₹96 by January 5. The lowest GMP recorded for the IPO was ₹0, while the highest was ₹99.
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Indo Farm Equipment IPO Details
The issue was priced within a range of ₹204-215 per share. It includes a fresh issuance of 86 lakh equity shares, along with an Offer-for-Sale (OFS) of 35 lakh shares by promoter Ranbir Singh Khadwalia.
The proceeds from the fresh issue will be used to establish a new dedicated unit for expanding the company’s manufacturing capacity for pick-and-carry cranes, repay existing debt, and invest in its NBFC subsidiary, Barota Finance, to strengthen its capital base and meet future requirements.
At the top end of the price range, the IPO is valued at ₹260 crore, bringing the company's market capitalization to over ₹1,000 crore. Aryaman Financial Services is acting as the sole book-running lead manager for the issue, and the equity shares are set to be listed on both the BSE and NSE.