Citichem India's IPO allotment is expected to be finalized today, with shares distributed via lottery. The IPO received a subscription of 384 times, with shares likely to list on January 3 on the BSE SME platform.

Stocks markets are expected to be range-bound today, peppered mostly with stock-specific action. At 6:50 AM, GIFT Nifty was down 71 points

The initial public offering of Indo Farm Equipment Ltd received robust participation, being oversubscribed 17.70 times on its first day. It aims to raise Rs 260 crore through a new share issue and offer-for-sale.

Indo Farm Equipment aims to raise ₹260.15 crore from the book-built issue which is a combination of fresh issue of 86 lakh equity shares worth ₹184.90 crore and offer-for-sale of 35 lakh shares amounting to ₹75.

The IPO of Indo Farm Equipment received strong investor response on its opening day, getting subscribed 6.94 times. The offering included both fresh shares and shares from the promoter. The funds will be used for pre-payment of borrowings,

AM, Indo Farm Equipment IPO was subscribed 4.84 times with a total bid of 4,10,13,186 shares against the offer of 84,70,000

Indo Farm Equipment IPO opens today with Rs 260 crore target. Explore investment risks and potentials before January 2 closure!

The IPO is a book-built issue valued at Rs 260.15 crore. It includes a fresh issue of 86 lakh shares, amounting to Rs 184.90 crore, and an offer for sale (OFS) of 35 lakh shares, valued at Rs 75.25 crore.