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Indo Farm Equipment lists with 20% premium on the BSE

07 Jan 2025 Evaluate

Indo Farm Equipment has debuted at Rs 258.40 on the BSE, up by 43.4 points or 20.19% from its issue price of Rs 215.00. 

The scrip is currently trading at Rs 272.70, up by 57.7 points or 26.83% from its issue price. 

It has touched a high and low of Rs 286.50 and Rs 257.95 respectively. So far 12.22 lakh shares were traded on the counter.

The offering, which was open for subscription between December 31, 2024 and January 2, 2025 was subscribed over 220 times. The issue price was fixed at Rs 215.00 per share i.e. at upper end of price band of Rs 204 -215 apiece.

Indo Farm Equipment is engaged in the activity of manufacturing tractors, pick & carry cranes and other farm equipments.

Peers
Company Name CMP
Escorts Kubota 2665.10
VST Tillers Tractors 4340.65
Indo Farm Equipments 131.95
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