Indo Farm Equipment IPO day 3: GMP, subscription status, allotment date, listing date to review. Apply or not?
Live MintIndo Farm Equipment IPO: The initial public offering of Indo Farm Equipment Limited opened on 31 December 2024 and will remain open for bidders until 2 January 2025. According to Indo Farm Equipment IPO subscription status, the public issue worth ₹260.15 crore received a strong response from investors in the first two days of bidding. Market observers said the rise in grey market sentiments can be attributed to improved Dalal Street sentiments and strong Indo Farm Equipment IPO subscription status. Indo Farm Equipment IPO subscription status After two days of bidding, the public issue was subscribed 54.55 times, the retail portion of the public issue was booked 45.76 times, the NII segment was filled 131.84 times, and the QIB segment received applications for 11.96 times the shares offered by the company. Indo Farm Equipment IPO review Giving a 'subscribe' tag to the public issue, Reliance Securities says, “IFEL is in a fairly strong position in both the segments it operates in and with the possibility of the market expanding substantially in both the segments shortly, IFEL should be able to grow along with the sector, its capacity additions in the cranes segment would aid strong growth and refinancing its tractors through its subsidiary will improve the tractor units growth and margin expansion for the overall business.