Indo Farm Equipment Limited IPO to open on December 31

Ahmedabad: Indo Farm Equipment Limited (“Company”) proposes to open an initial public offering of 12,100,000 Equity Shares of Face Value of ₹ 10 each (“Equity Shares”) on Tuesday, December 31, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Monday, December 30, 2024. The Bid/ Offer Closing Date is Thursday, January 2, 2025, the company said today.

The official statement also said, The Price Band of the Offer has been fixed from ₹ 204 per Equity Share to ₹ 215 per Equity Share. Bids can be made for a minimum of 69 Equity Shares and multiples of 69 Equity Shares thereafter.

The company said, “The Initial Public Offering comprises of a Fresh Issue of up to 8,600,000 equity shares and an Offer For Sale of up to 3,500,000 equity shares by Ranbir Singh Khadwalia (“Promoter Selling Shareholder”).”

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”, together with BSE, the “Stock Exchanges”).

Aryaman Financial Services Limited is the Book Running Lead Manager (“BRLM”) to the Offer, the company further states.