Indo Farm Equipment IPO gets subscribed nearly 6 times within hours of opening for bidding

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.

Dec 31, 2024 - 21:00
 0  1
Indo Farm Equipment IPO gets subscribed nearly 6 times within hours of opening for bidding
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.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow