Indo Farm Equipment IPO Allotment: GMP stands at 44.65% – How to check your allotment status online todayIPO status of Indo Farm Equipment

Indo Farm Equipment IPO Allotment Status

The allotment for the Indo Farm Equipment IPO that was opened for bidding on Friday last week will be completed today. The IPO, which closed on Thursday, was subscribed 227.67 times. However, the Senores Pharmaceuticals IPO is listed for Tuesday January 7. As of now, the percentage of GMP for Indo Farm Equipment IPO is at 44.65% which means investors can earn good listing gain.

India’s Indo Farm Equipment Ltd received a subscription amount of 227.67 times for its IPO issued from December 31 of this month to January 02. For Risk Shelter Retail Investors, the subscription was at 101.79 times, compared with the NII 501.75 times, QIB at 242.4 times. It sold at a price band of ₹204 – ₹215 per share for the IPO.

Telecom shares are ready to investors and the shares of Indo Farm Equipment Ltd are to be listed on both BSE as well NSE tomorrow on January 7, 2014. Those investors who were able to be allotted shares will get a credit message in their respective banks today in the evening. This status can also be verified on the BSE and NSE web sites or with the registrar, Mas Services Limited.

Indo Farm Equipment Limited IPO GMP Today

According to market watchers, unlisted shares of Indo Farm Equipment Ltd, are at ₹ 311 in the grey market, that is, ₹96 or 44.65% higher than the actual issue price of ₹215. This points out to good listing prospects as of January 7.

GMP is an indicator of the average common people attitude toward the stock and is thus changeable. Incorporating the same, it signifies the premium willingness of investors to give above the issue price at IPO offers.

How to know the details of Indo Farm Equipment IPO Allotment Status online

Follow these steps to check your IPO allotment status online:

• Visit the official BSE website: http://www.bseindia.com/investors/appli_check.aspx.
• In the option “Issue Type” choose “Equity.”
• In the drop down list titled “Issue Name “, select the Indo Farm Equipment Ltd.
• Please, enter Application number or PAN (Permanent Account Number).
• Select the box “I am not a robot” and press the button “Search.”

The status of your application will be shown, after which you will be directed to the link.

Alternatively, visit the Mas Services Ltd portal: Use the following link to check the allotment status https

Learn More on Indo Farm Equipment IPO

The ₹260 crore IPO consists of a new share sale of equity shares up to 86,00,000 and an Offer Of Sale of up to 35,00,000 equity shares by the promoter Ranbir Singh Khadwalia.

We will specifically use the fresh issue funds to add a new unit to manufacture additional pick-and-carry cranes, to repay our existing debts, and to inject capital into Barota Finance, our NBFC subsidiary, for obvious future capital requirements.

Indo Farm Equipment Ltd manufactures tractors, pick-and-carry cranes and other agriculturual products.

At the upper price band the IPO is priced at ₹260 crore and market capitalisation of the company goes over ₹1000 crore. Aryaman Financial Services pvt Ltd managed the IPO and it also functioned as the Sole book running lead manager for the IPO.

Equity shares will be listed on the BSE and the NSE stock exchanges.

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