Indo Farm Equipment IPO Day 3 Live Updates: Subscribers Exceed 75 fold; GMP & Analysis

Indo Farm Equipment IPO Day 3 Live Updates: This has been a rather interesting one as we saw the IPO of tractor manufacturer Indo Farm Equipment Ltd go into its last day of bidding today. This public issue has received commendable response, there being high subscription in the first two days of the offer. Retail Investors who are interested have just one more day at their disposal to apply for the Indo Farm Equipment IPO.

The bidding period started on December 31 and clsoes today, January 2. Indo Farm Equipment has set its IPO in the price band of ₹204 to ₹215 per share. Recommended at the upper circuit of the price band, the company proposes to mobilise ₹260.15 crore through this book built issue. It comprises a new offer of 86 lakh equity shares at ₹215 per share for ₹184.90 crore and an offer of sale of 35 lakh shares at the same price for ₹75.25 crore.

Read more about Indo Farm Equipment IPO Day 3 Live Blog on our blog for the most up-to-date info.

Also Read: Indo Farm Equipment IPO Launches on December 31: GMP, Issue Highlights, as well as Ten Things You Should Know Before Becoming a Subscriber