Indo Farm Equipment Ltd IPO: As 2024 draws to a close, the momentum in the primary markets shows no signs of slowing. With a remarkable year that witnessed 91 mainboard IPOs raising an unprecedented ₹1.59 lakh crore, the final days of the calendar year and the start of 2025 promise to keep investors engaged with fresh opportunities and market debuts.
In the upcoming week, spanning December 30, 2024, to January 3, 2025, six IPOs are set to list, while three new issues will open for subscription. Let’s delve into the details of these activities:
Indo Farm Equipment Ltd IPO: The Final Mainboard Offering of 2024
Indo Farm Equipment Ltd, a leading manufacturer of tractors, cranes, and farm equipment, is set to launch its IPO on December 31, 2024. The company aims to raise ₹260.15 crore through this book-built issue, which includes a fresh issue of 86 lakh shares worth ₹184.90 crore and an offer-for-sale (OFS) of 35 lakh shares amounting to ₹75.25 crore. The IPO will close on January 2, 2025.
- Price Band: ₹204 to ₹215 per share
- Minimum Investment: 69 shares per lot, starting at ₹14,835
- Purpose: The funds raised will support business expansion and working capital needs.
Indo Farm Equipment exports products under its “Indo Farm” and “Indo Power” brands to countries including Nepal, Bangladesh, and Sudan, with exports contributing 7% to its revenue.
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Technichem Organics Ltd: Expanding the SME Segment
Technichem Organics Ltd, a producer of chemicals and dyes, will open its SME IPO on December 31, 2024, with plans to raise ₹25.25 crore. The IPO includes a fresh issue of 45.9 lakh shares and will close on January 2, 2025. The company aims to utilize the proceeds for setting up a new plant (“Plant 4”) and repaying certain borrowings.
- Price Band: ₹52 to ₹55 per share
- Minimum Investment: 2,000 shares per lot, starting at ₹1,04,000
Leo Dryfruits and Spices Trading IPO: Starting 2025 with Flavor
Marking the start of the New Year, Leo Dryfruits and Spices Trading Ltd will launch its IPO on January 1, 2025, and close on January 3, 2025. This SME IPO, valued at ₹25.12 crore, involves a fresh issuance of 48.3 lakh shares. The company, which markets spices and dry fruits under the “VANDU” brand, plans to use the funds to expand operations and enhance its market presence.
- Price Band: ₹51 to ₹52 per share
- Minimum Investment: 2,000 shares per lot, starting at ₹1,04,000
Major Listings Next Week: From Hospitality to Aerospace
In addition to these new IPOs, several companies will debut on the stock market next week:
- Ventive Hospitality Ltd: Scheduled for listing on December 30, 2024, after a successful bidding process.
- Senores Pharmaceuticals Ltd: Making its market debut on December 30, 2024.
- Carraro India Ltd: Shares will be listed on December 30, 2024.
- Unimech Aerospace and Manufacturing: Set to list on December 31, 2024.
- Anya Polytech and Fertilizers Ltd: Scheduled for debut on January 2, 2025.
- Citichem India Ltd: Listing confirmed for January 3, 2025.
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