Indo Farm Equipment announces IPO in the price band of ₹204 to ₹215

Indo Farm Equipment Ltd which is into manufacturing of tractors and other pick and carry cranes among others has announced decision to enter the capital market with an Initial Public Offering (IPO) in the price band of ₹204 to ₹215 per equity share of face value of ₹10 each.

The issue will open on Monday, December 30, 2024 and close on Thursday, January 2, 2025. Bids can be made for a minimum of 69 equity shares and multiples of 69 shares thereafter.

The IPO comprises of a fresh issue of up to 86 lakh equity shares and an Offer For Sale (OFS) of up to 35 lakh equity shares by Ranbir Singh Khadwalia, the promoter selling shareholder.