Indo Farm Equipment IPO gets subscribed nearly 6 times within hours of opening for bidding
Tuesday, 31 December 2024
Indo Farm Equipment's IPO gets nearly 6 times subscription on opening day. Retail investors subscribed 8.54 times, and non-institutional investors 7.61 times, while QIBs received 1% subscription. The company plans to use the proceeds for manufacturing capacity expansion, debt payment, and investment in its NBFC subsidiary.
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