<p>New Delhi: Shares of Indo Farm Equipment Ltd on Tuesday listed with a premium of over 20 per cent against the issue price of Rs 215.</p>.<p>The stock started the trade at Rs 258.40, reflecting a premium of 20.18 per cent on the <a href="https://www.deccanherald.com/tags/bse">BSE</a>. It further jumped 33.44 per cent to Rs 286.90.</p>.<p>At the <a href="https://www.deccanherald.com/tags/nse">NSE</a>, it listed at Rs 256, up 19 per cent.</p>.<p>The company's market valuation stood at Rs 1,355.30 crore.</p>.<p>The initial public offer of Indo Farm Equipment garnered a whopping 227.57 times subscription on the closing day of bidding on Thursday.</p>.Quadrant Future Tek IPO fully subscribed within minutes of opening for share sale.<p>The Rs 260-crore initial share sale had a price band of Rs 204-215 per share.</p>.<p>The IPO had a fresh issue of 86 lakh equity shares and an Offer-for-Sale (OFS) of 35 lakh shares by promoter Ranbir Singh Khadwalia.</p>.<p>Proceeds from the fresh issue will be used to set up a dedicated unit for expansion of the company's pick & carry cranes manufacturing capacity, payment of debt, investment in the company's NBFC subsidiary Barota Finance for financing the augmentation of its capital base to meet its future capital requirements.</p>.<p>Indo Farm Equipment manufactures tractors, pick & carry cranes and other farm equipment. </p>
<p>New Delhi: Shares of Indo Farm Equipment Ltd on Tuesday listed with a premium of over 20 per cent against the issue price of Rs 215.</p>.<p>The stock started the trade at Rs 258.40, reflecting a premium of 20.18 per cent on the <a href="https://www.deccanherald.com/tags/bse">BSE</a>. It further jumped 33.44 per cent to Rs 286.90.</p>.<p>At the <a href="https://www.deccanherald.com/tags/nse">NSE</a>, it listed at Rs 256, up 19 per cent.</p>.<p>The company's market valuation stood at Rs 1,355.30 crore.</p>.<p>The initial public offer of Indo Farm Equipment garnered a whopping 227.57 times subscription on the closing day of bidding on Thursday.</p>.Quadrant Future Tek IPO fully subscribed within minutes of opening for share sale.<p>The Rs 260-crore initial share sale had a price band of Rs 204-215 per share.</p>.<p>The IPO had a fresh issue of 86 lakh equity shares and an Offer-for-Sale (OFS) of 35 lakh shares by promoter Ranbir Singh Khadwalia.</p>.<p>Proceeds from the fresh issue will be used to set up a dedicated unit for expansion of the company's pick & carry cranes manufacturing capacity, payment of debt, investment in the company's NBFC subsidiary Barota Finance for financing the augmentation of its capital base to meet its future capital requirements.</p>.<p>Indo Farm Equipment manufactures tractors, pick & carry cranes and other farm equipment. </p>