Indo Farm Equipment IPO opens today: Check key dates, GMP, price band and other details
The issue is a mix of fresh issue of shares along with an offer for sale (OFS) component.
The company has undertaken a pre-IPO placement of 19 lakh equity shares at the rate of Rs 185 per share aggregating to Rs 35.1 crores. Accordingly, the size of the fresh issue has been reduced from 1.05 crore equity shares to 86 lakh equity shares.
1) Indo Farm Equipment IPO size
The IPO of the Chandigarh-based company consists of a fresh issue of up to 86 lakh equity shares and an offer for sale of up to 35 lakh equity shares by Ranbir Singh Khadwalia, the promoter selling shareholder.
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