Thu Jan 02 13:38:24 UTC 2025: ## Technichem Organics and Indo Farm Equipment IPOs Oversubscribed

**Mumbai, January 3, 2025** – Two Initial Public Offerings (IPOs) saw massive investor interest on their third day of subscription. Technichem Organics IPO was oversubscribed by a staggering 375.53 times by 3:45 PM on January 2nd, driven by exceptionally strong demand from Non-Institutional Investors (NIIs) at 767.55 times and Retail Individual Investors (RIIs) at 298.88 times.

Indo Farm Equipment’s IPO also performed exceptionally well, reaching a total subscription of 222.04 times by 3:35 PM on the same day. This strong demand was fueled by significant interest from Qualified Institutional Buyers (QIBs) at 242.11 times and NIIs at 490.91 times.

Earlier in the day, both IPOs already showed substantial oversubscription, with Technichem Organics reaching 135.86 times (BSE) and 124.03 times (NSE) by 1:15 PM and Indo Farm Equipment reaching 96.10 times and 96.15 times at noon on BSE and NSE respectively.

While final figures may vary slightly, the early indications point to a highly successful fundraising period for both companies. The strong response reflects positive investor sentiment and confidence in the future prospects of both Technichem Organics and Indo Farm Equipment. Further details regarding the allocation of shares are expected in the coming days.

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