Indo Farm Equipment Files DRHP To Raise Funds Via IPO

Chandigarh-based Indo Farm Equipment has set its sights on the capital market as it recently filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO plan consists of issuing 1.4 crore equity shares, which includes a fresh issue of 1.05 crore equity shares by the company and an offer-for-sale of 35 lakh shares by the promoter Ranbir Singh Khadwali, as per the preliminary papers submitted to SEBI on September 28.