The issue opened for public subscription on December 31 and will close on January 2. Indo Farm Equipment IPO has received stellar response from investors on the first day, getting heavily oversubscribed. Indo Farm Equipment was subscribed The qualified institutional buyer's quota was booked He has been associated with the company since its inception and holds a Diploma in Mechanical Engineering from Haryana State Board of Technical Education.
With over 30 years of experience in manufacturing agricultural equipment, he oversees the overall management, plant setups, and business development. He was recognized by Hindustan Times as one of the "Top 30 Under He previously served as Whole-time Director from to He currently oversees the manufacturing operations at Indo Farm.
She holds an M. He holds a B. Accredited with an ISO certified Company. The qualified institutional buyers QIB quota was booked The global agriculture equipment market is projected to grow from USD The agriculture industry is growing rapidly with the rise in population, thereby leading to high demand for food.
With the ever-increasing demand for food production, agricultural machinery has become an essential part of the farming process. This has resulted in rapid growth of the Agriculture Equipment Market around the world. Farm equipment is designed to improve efficiency of farming operations and achieve higher yields, according to the RHP.
The company will also double the capital base of its NBFC subsidiary which will help improve its tractor sales performance. We recommend investors to subscribe to the issue at cut-off price for long term investment, said SBI Securities. The Retail Investors category has been booked The company has also expanded its product segment and manufactures cranes and other products like harvesters, rotavators etc. This is led by deployment of modern technology in agriculture coupled with healthy growth in infrastructure activity.
