Upcoming IPO: Indo Farm Equipment IPO to open on December 31; check issue details, key dates, more
Live MintUpcoming IPO: Indo Farm Equipment IPO's date of subscription is slated as Tuesday, December 31, with the issue set to close on Thursday, January 2, as per the red herring prospectus. The allocation to anchor investors for Indo Farm Equipment IPO is scheduled to take place on Monday, December 30. Tentatively, Indo Farm Equipment IPO basis of allotment of shares will be finalised on Friday, January 3, and the company will initiate refunds on Monday, January 6, while the shares will be credited to the demat account of allottees on the same day following the refund. Indo Farm Equipment IPO details The IPO of the company based in Chandigarh includes a fresh issue of up to 8.6 million equity shares and an offer for sale of up to 3.5 million equity shares by Ranbir Singh Khadwalia, the Promoter Selling Shareholder.