• Source:JND
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Indofarm IPO GMP:  The initial public offering of Indo Farm Equipment, which was opened for subscription on the last day of 2024 i.e. 31 December, is scheduled to close today i.e. January 2. The initial share sale of farm equipment manufacturers received an overwhelming response from the investors as it was subscribed 63.88 times till 10:09 am today, according to NSE data. Meanwhile, the grey market premium of Indo Farm IPO soared high in the unofficial market.

Indo farm Equipment IPO GMP

The GMP of Indo Farm IPO today is 90 Rupees or 41.86% against an upper band of the IPO price range. According to investorgain.com, the shares of the company were trading at Rs 305 per share, up 41.86% against the IPO price of Rs 215 per share in the unofficial market this morning. The Indo farm GMP indicates that the shares may list at a stellar premium.

Indo Farm IPO Subscription Status

As per NSE Data, the IPO was subscribed 63.88 times against the total issued shares till 10:09 am, on Thursday. The shares reserved for Non-Institutionall Investors (NIIs) got 164.10 times the subscription, while the retail individual investor's quota received 50.60 times the subscription. Meanwhile, the shares reserved for qualified institutional buyers received 11.96 times the bidding.

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