Indo Farm Equipment IPO
Indo Farm Equipment Limited (INDOFARM) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 07 January 2025.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +87.0% (likely range +15% to +162%), day's high +92.8%, chance of a gain 97%. Actual: +19.1% at the open, +33.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 24,20,000 | 58,65,97,014 | 242x | |
| NII (HNI) total | 18,15,000 | 91,44,44,304 | 504x | |
| Big NII (above ₹10 lakh) | 12,10,000 | 66,32,41,938 | 548x | |
| Small NII (₹2-10 lakh) | 6,05,000 | 25,12,02,366 | 415x | |
| Retail | 42,35,000 | 44,43,48,201 | 105x | |
| Total | 84,70,000 | 1,94,53,89,519 | 230x |
Bids on NSE and BSE together, as published by NSE, as of 02 Jan 2025, 07:00 PM. Shares offered exclude the anchor portion. 20% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Indo Farm Equipment's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| KRN Heat Exchanger and RefrigerationSep 2024 | 253x | 432x | 98.3x | 214x | ₹344 Cr | +118.2% | +133.4% |
| Gala Precision EngineeringSep 2024 | 233x | 415x | 91.9x | 201x | ₹168 Cr | +36.3% | +43.1% |
| Manba FinanceSep 2024 | 149x | 512x | 144x | 224x | ₹151 Cr | +20.8% | +26.9% |
| Mamata MachineryDec 2024 | 236x | 274x | 138x | 195x | ₹179 Cr | +146.9% | +159.3% |
| Orient TechnologiesAug 2024 | 190x | 301x | 66.9x | 152x | ₹218 Cr | +39.8% | +46.8% |
| Latent View AnalyticsNov 2021 | 145x | 851x | 119x | 326x | ₹622 Cr | +160.0% | +178.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Aryaman Financial Services | 4 | +11.8% | 100% |
Offer documents (NSE)
Frequently asked
What is the Indo Farm Equipment IPO price band and lot size? ₹204–215 per share, with a lot of 69 shares, so the smallest retail bid is ₹14,835.
How many times has it been subscribed? 230x overall: QIB 242x, NII 504x, retail 105x.
How did it list? It opened at ₹256, +19.1% against the issue price of ₹215, and closed its first day +27.3%.
