New Delhi, Jan. 5 -- Indo Farm Equipment initial public offering (IPO), which closed for bidding on January 2, received a stellar response from investors across all categories. The Indo Farm Equipment IPO was oversubscribed by an impressive 229.68 times on the final day of bidding. A total of 1,94,53,89,519 shares were bid for, significantly exceeding the 84,70,000 shares available.

The IPO saw remarkable demand across all segments, with the Qualified Institutional Buyers (QIB) category oversubscribed 242.40 times, the Non-Institutional Investors (NII) segment receiving 503.83 times bids, and the retail segment attracting 104.92 times the offered shares.

The allotment for the Indo Farm Equipment IPO was finalised on January 3, Friday an...