# Indo Farm Equipment IPO Allotment Status: How to Check and Key Details URL: https://technosports.co.in/indo-farm-equipment-ipo-allotment-status/ Published: 2025-01-03 Updated: 2025-01-03 Author: Reetam Bodhak The much-anticipated[**Indo Farm**](https://www.indofarm.in/about-us/)**Equipment IPO allotment status** will be finalized on **January 3, 2025**. Investors who participated in this highly sought-after IPO can check their allotment status through the **BSE website**, the **NSE website**, or the registrar’s portal, **Mas Financial Services Ltd**. The company’s shares are set to debut on the **BSE** and **NSE** on **January 7, 2025**. The Indo Farm Equipment IPO, which opened for subscription from **December 31, 2024, to January 2, 2025**, witnessed an overwhelming response from investors, with a total subscription of **227.57 times**. The price band for the IPO was set at **₹204-₹215 per share**, and the strong demand across all investor categories reflects the market’s confidence in the company’s growth potential. Let’s take a closer look at the IPO details, how to check the allotment status, and what this means for investors. ## **Indo Farm Equipment IPO: Key Highlights** 1. **Subscription Details:** 1. **Qualified Institutional Buyers (QIBs):** Subscribed **242.40 times**. 2. **Non-Institutional Investors (NIIs):** Subscribed **501.65 times**. 3. **Retail Investors:** Subscribed **101.64 times**. The robust demand across all categories highlights the strong interest in Indo Farm Equipment’s IPO, particularly from institutional and high-net-worth investors. - **IPO Size and Price Band:** 2. **Price Band:** ₹204-₹215 per share. 3. **Total IPO Size:** ₹260 crore, comprising: - **Fresh Issue:** ₹185 crore. - **Offer for Sale (OFS):** 35 lakh shares. 4. **Anchor Investors:** Before the IPO launch, Indo Farm Equipment raised **₹78.04 crore** through its anchor book, attracting 11 institutional investors. 5. **Listing Date:** The company’s shares will be listed on the **BSE** and **NSE** on **January 7, 2025**. ![Indo Farm Equipment IPO Allotment Status](https://images.technosports.co.in/2025/01/Indo-1-1-1024x717.webp) ### **How to Check Indo Farm Equipment IPO Allotment Status?** Investors can check their **Indo Farm Equipment IPO allotment status** through the following methods: #### 1. **On the BSE Website:** - Visit the **BSE IPO allotment page**. - Select **‘Equity’** as the issue type. - Choose **‘Indo Farm Equipment’** from the dropdown menu. - Enter your **application number** or **PAN**. - Click **‘Search’** to view your allotment status. #### 2. **On the Registrar’s Website (Mas Financial Services Ltd):** - Visit the **Mas Financial Services IPO allotment page**. - Select **‘Indo Farm Equipment’** from the dropdown menu. - Provide details such as **PAN** or **DP/Client ID**. - Click **‘Submit’** to check your status. #### 3. **On the NSE Website:** - Log in to your account on the **NSE website** or create a new registration. - Navigate to the IPO allotment section and select **Indo Farm Equipment**. - Enter the required details to view your allotment status. ![](https://images.technosports.co.in/2025/01/Indo-3-1-1024x576.webp) ### **What Happens After Allotment?** - **For Successful Applicants:** Shares will be credited to the demat accounts of successful applicants on **January 6, 2025**. - **For Unsuccessful Applicants:** Refunds will be initiated for those who did not receive an allotment on the same day, **January 6, 2025**. ## **Indo Farm Equipment IPO: Fund Utilization** The funds raised through the IPO will be used to strengthen the company’s financial position and support its growth objectives. Key allocations include: 1. **Repayment of Borrowings:** ₹50 crore will be used to repay or prepay existing loans, reducing the company’s debt burden. 2. **Investment in NBFC Subsidiary:** ₹45 crore will be invested in **Barota Finance**, the company’s NBFC subsidiary, to enhance its capital base and support future growth. 3. **General Corporate Purposes:** The remaining proceeds will be used for general corporate purposes, enabling the company to achieve its broader business goals. ## **About Indo Farm Equipment** Founded in **1994**, **Indo Farm Equipment Ltd.** is a leading manufacturer of tractors, pick-and-carry cranes, and other agricultural equipment. While tractors and cranes form the core of its business, the company also produces **Harvester Combines**, **Rotovators**, and related spares, though these contribute minimally to its overall revenue. #### Key Financials: - **Revenue (FY 2024):** ₹375 crore. - **Net Profit (FY 2024):** ₹15.5 crore. The company exports its products to multiple countries, further solidifying its position as a key player in the agricultural and industrial equipment sector. ## **Why Was Indo Farm Equipment IPO So Popular?** 1. **Strong Market Position:** Indo Farm Equipment is a well-established name in the agricultural and industrial equipment sector, with a proven track record of delivering quality products. 2. **Growth Potential:** The company’s focus on expanding its product portfolio and strengthening its NBFC subsidiary positions it for long-term growth. 3. **Robust Financials:** With steady revenue growth and profitability, Indo Farm Equipment has demonstrated its ability to navigate market challenges effectively. 4. **High Demand Across Investor Categories:** The overwhelming subscription numbers, particularly in the QIB and NII segments, reflect strong investor confidence in the company’s future prospects. ## **Conclusion** The **Indo Farm Equipment IPO** has garnered significant attention, with an impressive subscription rate of **227.57 times**, reflecting strong investor interest. As the allotment status is finalized on **January 3, 2025**, investors eagerly await the outcome to see if they’ve secured a stake in this promising company. With its shares set to debut on the **BSE** and **NSE** on **January 7, 2025**, Indo Farm Equipment is poised to make a strong entry into the stock market. For those who receive an allotment, this could be an exciting opportunity to invest in a company with a solid track record and ambitious growth plans. Stay updated by checking your **Indo Farm Equipment IPO allotment status** and prepare for the next steps as the company embarks on its journey as a publicly listed entity. **Read More:** **[Indo Farm Equipment IPO: A Key Highlight in the Upcoming IPO Action](https://technosports.co.in/indo-farm-equipment-ipo-a-key-highlight/)** ## **FAQs** ### **1. How can I check the Indo Farm Equipment IPO allotment status?** You can check the allotment status through the **BSE website**, the **NSE website**, or the registrar’s portal, **Mas Financial Services Ltd**. Simply enter your application number or PAN to view your status. ### **2. When will the shares of Indo Farm Equipment be credited to my demat account?** Shares will be credited to the demat accounts of successful applicants on **January 6, 2025**. Refunds for unsuccessful applicants will also be processed on the same day.