Indo Farm Equipment Limited IPO Subscriptions Status Live Today
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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.
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