Indo Farm Equipment Ltd. has announced public offering of 12100000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 205.00 per share. The gross proceeds of the issue are expected to be Rs 26,015.00 lakhs.

The company's initial public offer (IPO) will open on 31 December 2024 and is expected to close on 02 January 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 204.00-215.00 per share.

The IPO includes a fresh Issue of 12100000 Equity Shares of the Company at an price of Rs 215.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 69 shares with bids in multiples of 69.

Indo Farm Equipment Ltd. anticipates using the proceeds of the issue for .

ARYAMAN FINANCIAL SERVICES LIMITED as lead manager & MAS Services Ltd. is the registrar, to the issue.