IPO Schedule
1
Open
31 Dec
2
Close
2 Jan
3
Allotment
-
4
Listing
7 Jan
Indo Farm Equipment IPO
Issue:₹215
List:₹258.4
CMP:₹155
NSELot: 69Mainboard
LISTEDMAINBOARD
Issue Price₹215
Listing₹258.4
Current₹155
Content
About Indo Farm Equipment
Indo Farm Equipment Limited is an Indian manufacturer of agricultural machinery, including tractors, combine harvesters, and implements. The company caters to the domestic market and exports to select international regions, focusing on providing affordable and reliable solutions for farmers.
Subscription Status
QIB
8.10x
NII
28.68x
Retail
18.82x
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 242.40x | 11.96x | 8.10x |
| NII | 501.75x | 132.03x | 28.68x |
| Retail | 101.79x | 46.07x | 18.82x |
| Total | 227.67x | 54.74x | 17.87x |
Risk Factors
•Dependence on the agricultural sector, which is susceptible to monsoon failures and economic fluctuations.
•Intense competition from established domestic and international players.
•Fluctuations in raw material prices and supply chain disruptions.
•High P/E ratio compared to peers may indicate overvaluation.