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Bloomberg Quint

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Indo Farm Sets Price Band For Rs 260-Crore IPO

  • Indo Farm Equipment Ltd. will launch its initial public offering on Dec. 31 at a price band of Rs 204–215 per share to raise Rs 260.15 crore.
  • The proposed public offering consists of a fresh issue of Rs 184.90 crore and an offer-for-sale component of Rs 75.25 crore.
  • The company's market value at the upper end of the price band is estimated to be Rs 1,033 crore.
  • Indo Farm Equipment manufactures tractors and pick and carry cranes, with over two decades of industry experience.

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