Indo Farm Equipment IPO Allotment Finalized, Check Status Online
Indo Farm Equipment IPO allotment finalized on Jan 3, 2025. Learn how to check your allotment status and stay updated on listing details and GMP trends.
Indo Farm Equipment IPO Allotment Finalized, Check Status Online

Indo Farm Equipment is set to finalize the share allotment for its Initial Public Offering (IPO) on Friday. Investors who participated in the offering will begin receiving notifications regarding fund debits or IPO mandate revocations by the weekend, with the process expected to be completed by January 6.
The Indo Farm Equipment IPO, the first mainboard offering of 2025, received an overwhelming response during its subscription period from December 31, 2024, to January 2, 2025. Shares were offered in a price range of Rs 204 to Rs 215 per share, with a lot size of 69 shares. The company raised Rs 260.15 crore through this IPO, comprising a fresh issue of Rs 184.90 crore (86 lakh shares) and an offer-for-sale (OFS) of 35 lakh shares.
The IPO witnessed a total subscription of 229.68 times, attracting bids worth approximately Rs 42,000 crore from over 54.16 lakh applications. The breakdown of subscription figures is as follows:
- Qualified Institutional Buyers (QIBs): Subscribed 242.40 times
- Non-Institutional Investors (NIIs): Subscribed 503.83 times
- Retail Investors: Subscribed 104.92 times
Established in 1994 and headquartered in Chandigarh, Indo Farm Equipment specializes in manufacturing tractors, pick-and-carry cranes, and harvesting equipment. The company operates under two brands, Indo Farm and Indo Power, and exports its products to markets including Nepal, Syria, Sudan, Bangladesh, and Myanmar.
The grey market premium (GMP) for Indo Farm Equipment shares has seen a significant increase following the IPO's strong response. As of the latest update, the GMP is between Rs 95 and Rs 100 per share, indicating a potential listing gain of 45-47 per cent. On the first day of bidding, the GMP stood at Rs 80. The shares will be listed on the NSE and BSE on January 7. At the IPO price, the company is expected to achieve a market capitalization of Rs 1,033.11 crore.
Checking IPO Allotment Status
Investors can verify the allotment status through two platforms:
1. Bombay Stock Exchange (BSE) Website:
- Visit [BSE Allotment Status Portal](https://www.bseindia.com/investors/appli_check.aspx).
- Select "Equity" under the issue type.
- Choose "Indo Farm Equipment Limited" from the dropdown menu.
- Enter the application number and PAN details.
- Complete the CAPTCHA and click "Search."
2. MAS Services Limited Portal:
- Access the [MAS Services Allotment Portal](https://www.masserv.com).
- Navigate to "IPO Allotment Status" on the homepage.
- Select "Indo Farm Equipment Limited" if the status is active.
- Provide the required details and click "Submit."
According to MAS Services, the allotment status will be available from Saturday. The registrar, a SEBI-registered entity, is responsible for processing applications, managing allotments, and addressing investor queries.