Indo Farm Equipment IPO GMP History
Indo Farm Equipment IPO has been listed on January 7, 2025 at a listing price of ₹256, against the issue price of ₹215 — a gain of ₹41 (+19.07%). The GMP peaked at ₹93 on 5 January 2025 and reached a low of ₹76 on 6 January 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Indo Farm Equipment IPO raised ₹260.15 Cr. through its IPO at a price band of ₹204 to ₹215 per share, with a lot size of 69 shares. The IPO was open for subscription from 31 Dec 2024 to 02 Jan 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:39 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 06 Jan 2025 | ₹ 76 | ▼ | 35% | — | — |
| 05 Jan 2025 | ₹ 93 | ▲ | 43% | — | — |
| 04 Jan 2025 | ₹ 92 | ▼ | 43% | — | — |
| 03 Jan 2025 | ₹ 93 | ▲ | 43% | — | — |
| 02 Jan 2025 | ₹ 85 | — | 40% | — | — |
| 31 Dec 2024 | ₹ 85 | — | 40% | — | — |
Indo Farm Equipment IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 31 Dec 2024
- Close 02 Jan 2025
- Allotment 03 Jan 2025
- Refund/credit 06 Jan 2025
- Listing 07 Jan 2025
Indo Farm Equipment IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹215 |
|---|---|
| GMP-based estimate (pre-listing) | ₹291 (+35.3%) |
| Listing gain / loss | +₹41 per share |
| Listing date | 07 Jan, 2025 |
| Actual listing price | ₹256 (+19.07%) |
Is Indo Farm Equipment IPO GMP reliable?
Grey market premium for Indo Farm Equipment IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Indo Farm Equipment IPO full review for a fundamentals-based assessment before making any grey market trades.
Indo Farm Equipment IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Indo Farm Equipment IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Indo Farm Equipment IPO
Indo Farm Equipment Limited was incorporated as Welcut Tools Private Limited at Chandigarh on 5 October 1994. It makes tractors and pick and carry cranes in a wide range of models and variants.
It is deeply backward integrated, making many key parts in-house. Its plant is in Himachal Pradesh. It sells cranes both directly and through dealers, and dealers made up 47.00% of crane sales in the three months to 30 June 2024.
Its promoters are Ranbir Singh Khadwalia and Sunita Saini.
The IPO was Rs 260.15 crore, with Rs 184.90 crore of fresh issue and Rs 75.25 crore of offer for sale by Ranbir Singh Khadwalia. Fresh money was planned for a new crane plant, repaying borrowings and investing in its NBFC subsidiary.
Frequently asked
What is the GMP of Indo Farm Equipment IPO?
The current Grey Market Premium (GMP) of Indo Farm Equipment IPO is ₹ 76.
What is the Kostak Price of Indo Farm Equipment IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Indo Farm Equipment IPO is not available.
What is the Subject to Sauda Price of Indo Farm Equipment IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Indo Farm Equipment IPO?
Indo Farm Equipment IPO listed on January 7, 2025 at ₹256, against the issue price of ₹215 — a gain of +19.07%.
How did the GMP of Indo Farm Equipment IPO trend before listing?
The GMP of Indo Farm Equipment IPO was falling in its final days before listing. The GMP peaked at ₹93 on 5 January 2025. View the day-wise table above for the complete GMP history.
Explore Indo Farm Equipment IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
