Indo Farm Equipment IPO allotment finalized today with shares debuting on January 7

Indo Farm Equipment Ltd. will finalize its IPO allotment on January 3, 2025. The shares are set to debut on the BSE and NSE on January 7. The IPO was open for subscription from December 31 to January 2 and was oversubscribed 227.57 times. The Qualified Institutional Buyers segment was subscribed 242.40 times, while Non-Institutional Investors subscribed 501.65 times. Retail investors subscribed 101.64 times. Investors can check their allotment status on the BSE, NSE, or Mas Financial Services websites. Successful applicants will have shares credited to their demat accounts on January 6, while refunds will be processed for unsuccessful bidders. The IPO raised ₹260 crore, with funds allocated for debt repayment and investment in its finance subsidiary.