Indo Farm Equipment IPO Subscription Status
Indo Farm Equipment IPO closed on 2 January 2025 with an overall subscription of 101.79x based on shares applied. QIB demand came in at 242.40x, NII at 501.65x, and retail at 101.64x.
Allotment will be finalised on 3 January 2025. The stock is scheduled to list on NSE and BSE on 7 January 2025.
Issue Price
Rs 215.00
GMP Today
Rs 76.00 (+35.35%)
Overall Subscription
101.79x
Issue Size
₹260.15 Cr
Allotment Date
3 Jan 2025
Listing Date
7 Jan 2025
Indo Farm Equipment IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 215.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 52.03 Cr | Rs 12,611.84 Cr | 242.40x |
| NII | Rs 39.02 Cr | Rs 19,575.57 Cr | 501.65x |
| sNII (Rs 2L to Rs 10L) | Rs 13.01 Cr | Rs 5,315.87 Cr | 408.68x |
| bNII (above Rs 10L) | Rs 26.02 Cr | Rs 14,259.70 Cr | 548.13x |
| Retail | Rs 91.05 Cr | Rs 9,254.77 Cr | 101.64x |
| Total | Rs 182.11 Cr | Rs 41,442.18 Cr | 227.57x |
Indo Farm Equipment IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 24,20,000 | 58,65,97,014 | 242.40x |
| NII | 18,15,000 | 91,04,91,501 | 501.65x |
| sNII (Rs 2L to Rs 10L) | 6,05,000 | 24,72,49,563 | 408.68x |
| bNII (above Rs 10L) | 12,10,000 | 66,32,41,938 | 548.13x |
| Retail | 42,35,000 | 43,04,54,637 | 101.64x |
| Total | 84,70,000 | 1,92,75,43,152 | 227.57x |
What Do These Subscription Numbers Mean?
A subscription of 101.79x by shares means the IPO received bids for 102 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 242.40x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 242.40x, it reflects serious institutional conviction.
NII at 501.65x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 101.64x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Indo Farm Equipment IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 101.64x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 408.68x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 548.13x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Indo Farm Equipment IPO Allotment Status page from 3 January 2025 for your allotment result.
Indo Farm Equipment IPO GMP After Subscription
GMP for Indo Farm Equipment IPO stands at Rs 76.00 today, giving an estimated listing price of Rs 291.00 per share.
A subscription of 101.79x combined with a GMP of 35.35% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Indo Farm Equipment IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Indo Farm Equipment IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 31 Dec 2024 | 8.10x | 28.68x | 18.82x | 17.87x |
| Day 2 - 1 Jan 2025 | 11.96x | 132.03x | 46.07x | 54.74x |
| Day 3 - 2 Jan 2025 | 242.40x | 501.65x | 101.64x | 227.57x |
Indo Farm Equipment IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 2 January 2025 |
| Allotment Date | 3 January 2025 |
| Refund Initiation | 4 January 2025 |
| Share Credit to Demat | 4 January 2025 |
| Listing Date | 7 January 2025 |
| Minimum Investment | Rs 14,835.00 |
| Lot Size | 69 shares |
About Indo Farm Equipment IPO
The Indo Farm Equipment is a major manufacturer of world-class tractors, pick-and-carry cranes, and advanced farm equipment, which also includes the harvester combines, rotavators, and related parts.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Indo Farm Equipment IPO Subscription FAQs
What is Indo Farm Equipment IPO IPO subscription status today?
Indo Farm Equipment IPO IPO subscription closed on 2 January 2025 with overall subscription of 101.79x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 242.40x, NII 501.65x, Retail 101.64x.
What is the overall subscription of Indo Farm Equipment IPO IPO?
Indo Farm Equipment IPO IPO is subscribed 101.79x overall by shares at close on 2 January 2025. QIB 242.40x, NII 501.65x, and Retail 101.64x.
What is Indo Farm Equipment IPO IPO QIB subscription?
Indo Farm Equipment IPO IPO QIB (Qualified Institutional Buyers) subscription is 242.40x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Indo Farm Equipment IPO IPO Retail subscription?
Indo Farm Equipment IPO IPO Retail subscription is 101.64x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Indo Farm Equipment IPO IPO NII subscription?
Indo Farm Equipment IPO IPO NII (Non-Institutional Investors) subscription is 501.65x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Indo Farm Equipment IPO IPO for retail?
Indo Farm Equipment IPO IPO retail share subscription is 101.64x. Application-wise data is needed for accurate lottery odds.
When is Indo Farm Equipment IPO IPO allotment date?
Indo Farm Equipment IPO IPO allotment date is 3 January 2025. Check Indo Farm Equipment IPO Allotment Status on IPOwiz from that day using your PAN.
When does Indo Farm Equipment IPO IPO subscription close?
Indo Farm Equipment IPO IPO subscription closed on 2 January 2025. No new applications are accepted after the close.
What is Indo Farm Equipment IPO IPO GMP today?
Indo Farm Equipment IPO IPO GMP is ₹76 today (+35.35% over issue price ₹215). See live GMP on the Indo Farm Equipment IPO GMP Today page.
What is Indo Farm Equipment IPO IPO issue price and lot size?
Indo Farm Equipment IPO IPO issue price is ₹215 per share. Lot size is 69 shares. Minimum investment is ₹14,835 per lot. Issue size: ₹260.15 Cr.
When is Indo Farm Equipment IPO IPO listing date?
Indo Farm Equipment IPO IPO listing date is 7 January 2025 on NSE and BSE. Allotment is on 3 January 2025.
How does subscription affect Indo Farm Equipment IPO IPO allotment?
Allotment odds in Indo Farm Equipment IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 101.79x overall, competition is very high.
For allotment results from 3 January 2025, visit the Indo Farm Equipment IPO Allotment Status page. For listing day updates on 7 January 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.