Indo Farm Equipment IPO Allotment: Here Is The Detail About The Latest IPO of Indo Farm Equipment IPO
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Investors who have already submitted for the Indo Farm Equipment IPO upsurge are now expectantly awaiting allotment, the last date for which is predicted to be January 5, 2025. But after this issue that could release an alluring price gain has just come to market there are strong rumors that some high net-worth clients will win the benefits of information asymmetry by buying up shares before they are transferred from the allocation log to the insertion list.
There were countless reasons why so many people would have such high hopes. But in terms of the amount of subscriptions, the dividend rate is 69.84 times.
For the Indo Farm Equipment IPO IPO itself, the price range was between ₹204 and ₹215 per share, making it so that around ₹260.15 crore would be raised. The offering consisted of an issue garden-fresh of 86 lakh equity shares totaling ₹184.90 crore and a sale of 35 lakh shares amounting to ₹75.25 crore.
How To Check the IPO Allotment Status Online Of Indo Farm Equipment IPO
Various methods exist to check if you were allotted the IPO shares online, such as checking in person, via your favorite online broker calling up help lines.
Through BSE (Bombay Stock Exchange):-
>Check the process on the BSE website: https://www.bseindia.com/investors/appli_check.aspx
>Choose ‘Equity’ from the ‘Issue Type’.
>From the dropdown that has ‘Issue Name’, select ‘Indo Farm Equipment Limited’.
>The Application Number or PAN can be entered.
>Fill up the captcha verification and click in Search.
Through NSE (National Stock Exchange):
>Link to login to NSE website: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
>To register using your PAN, click on ‘Click here to sign up’.
>Once registered, log in with your credentials.
>Click on the IPO allotment status and then choose ‘Indo Farm Equipment’
>Provide the necessary information and submit it to see your status.
>Enter the required details and submit to view your status.
Through the Registrar’s Website (Mas Services Limited):
>Go to the Mas Services website: https://www.masserv.com/opt.asp
>Choose ‘Indo Farm Equipment’ from the select box.
>It will ask you for your PAN or Application Number.
>Press ‘Submit’ to check your allotment status.
Investors who will be allotted shares will have those credited to their demat accounts on or before January 6, 2025. Shares of the company are expected to be listed on January 7, 2025, both on BSE and NSE.
Refunds will be processed starting from the allotment date for those who are not allotted. The lowdown on where readers can check the bank account and Demat account notifications.
Indo Farm Equipment IPO: The market for agricultural machinery is waiting for the Indo Farm Equipment IPO. Indo Farm Equipment Limited: Indo Farm Equipment Limited, established in 1994, is a leading production company engaged in tractors and cranes as well as farm equipment of various types. With the funds raised from this IPO, however, they’re trying to experiment and continue adding machines not yet seen or mass-produced before but make life, on the whole, a little bit more tolerable.
With such a high subscription rate, the allocation process is expected to be competitive. Retail investors, who took up 53.55 times their reserved portion, are advised to brace themselves for partial or no allotment.
Nature Meets Finance cautions investors need to check their allotment status through the official channels mentioned above to keep abreast with the next steps in the process such as refunds and share listings. Make sure you keep your broker updated with your contact details, and that your bank and demat accounts are live. That will ensure a seamless transaction.
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