Fri Jan 03 19:30:00 UTC 2025: ## Indo Farm Equipment IPO Oversubscribed 227 Times

**Mumbai, January 3, 2025** – The Initial Public Offering (IPO) of Indo Farm Equipment Limited, a manufacturer of tractors, cranes, and harvesting equipment, concluded yesterday with a phenomenal response. The IPO, which ran from December 31st to January 2nd, was oversubscribed by a staggering 227.67 times.

The ₹260.15 crore IPO comprised a fresh issue of ₹184.90 crore and an offer for sale of ₹75.25 crore. Shares were priced between ₹204 and ₹215. The company plans to use the proceeds from the fresh issue to expand its Pick & Carry Crane manufacturing capacity, repay debt, and bolster its NBFC subsidiary, Barota Finance Ltd.

The IPO is expected to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on January 7th, 2025. Allotment of shares is anticipated to be finalized today.

While the overwhelming response signals strong investor confidence, it’s important to note that past performance is not indicative of future results. This news is for informational purposes only and should not be considered investment advice.

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