Indo Farm Equipment IPO to Open Tomorrow: Key Details for Investors

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The much-anticipated initial public offering (IPO) of Indo Farm Equipment Limited is set to open for subscription tomorrow, December 31, 2024.

The issue will close on January 2, 2025, providing a brief window for investors to participate in the company’s journey towards expansion and financial growth.

IPO Details:

• Price Band: ₹204 to ₹215 per share
• Lot Size: 69 shares, requiring a minimum investment of ₹14,835
• Total Issue Size: ₹260.15 crore
  • Fresh Issue: ₹184.90 crore
  • Offer for Sale: ₹75.25 crore
• Use of Proceeds: The funds raised will be used to expand crane manufacturing capacity, repay borrowings, invest in Barota Finance Ltd. (its NBFC subsidiary), and for general corporate purposes.

Important Dates:

• Basis of Allotment: January 3, 2025
• Refunds Initiated: January 6, 2025
• Credit of Shares to Demat Accounts: January 6, 2025
• Listing Date: January 7, 2025

Indo Farm Equipment, founded in 1994, specializes in the manufacturing of tractors, pick-and-carry cranes, and agricultural equipment. With this IPO, the company aims to strengthen its position in the market and enhance operational efficiency.

Another IPO to Watch: TechSol Analytics Limited

In addition to Indo Farm Equipment, TechSol Analytics Limited is also scheduled to open its IPO this week. The subscription period for TechSol’s IPO will run from January 3 to January 5, 2025.

Key Details of TechSol Analytics IPO:

• Price Band: ₹310 to ₹325 per share
• Lot Size: 40 shares, requiring a minimum investment of ₹12,400
• Total Issue Size: ₹400 crore
  • Fresh Issue: ₹250 crore
  • Offer for Sale: ₹150 crore
• Use of Proceeds: The proceeds will fund research and development for AI-based analytics solutions, expand data centers, and fulfill general corporate requirements.

Important Dates:

• Basis of Allotment: January 8, 2025
• Refunds Initiated: January 9, 2025
• Credit of Shares to Demat Accounts: January 10, 2025
• Listing Date: January 11, 2025

TechSol Analytics is a prominent player in the AI and big data analytics sector. The company’s IPO aims to capitalize on the growing demand for technology-driven solutions across industries, making it an attractive prospect for investors seeking long-term growth opportunities.

Investor Outlook:

Both IPOs present unique opportunities for investors to diversify their portfolios. While Indo Farm Equipment focuses on manufacturing and agriculture, TechSol Analytics represents a technology-driven growth story. Investors are encouraged to carefully evaluate the financials, growth prospects, and risk factors of both companies before making investment decisions.

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