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Indo Farm Equipment Limited IPO Subscriptions Status Live Today

 

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Indo Farm Equipment Limited IPO

January 31, 2024 - January 02, 2025 Closed

Indo Farm Equipment Limited IPO Details

Issue Open

31 December 2024

Issue Close

02 January 2024

IPO Price

₹204 - ₹215 per equity share

Face Value

₹10 per equity share

IPO Size

₹260.15 Cr.

Listing At

NSE, BSE

IPO Lot Size

69 shares

 

IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified institutional buyers (QIBs) are large investors with investment expertise, such as mutual funds, insurance companies, pension funds and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities - it requires standards to be met, and retail investors are allowed to bid shares at prices below the offer price.


• Non-Institutional Investors (NII) - Non-institutional investors (NIIs). On the other hand, generally consist of individual investors, high net worth individuals (HNIs), or companies that do not meet the financial criteria a be classified as QIBs and allowed to participate in IPOs at the same price as retail investors.

NII category has two subcategories:


1. sNII - "sNII" means "small non-institutional investor". This sub-category includes investors who have created shares in shares worth ₹2 lakh and ₹10 lakh in Initial Public Offering IPO.


2. bNII - "bNII" means "large non-institutional investor". This sub-category includes investors who have created shares in shares worth more than ₹10 lakh in IPO.

• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to ₹2 lakh in Initial Public Offering IPOs, aimed at encouraging retail participation in IPOs.


• Employee (EMP)- 
The employee (EMP) category in an Initial Public Offering IPO is reserved for employees, directors and associate employees of the issuing company, and the issuing company and the IPO's chief executive officer determine the allocation of shares.

• Others- An eligible group of shareholders or other investors with investments in an Initial Public Offering IPO.

Frequently Asked Question

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