Indo Farm Equipments

April 22 (Reuters) - Indo Farm Equipment Ltd INDQ.NS:

• RECEIVES TECHNOLOGY TRANSFER CERTIFICATE FROM SICHUAN HONGSHENG

• CERTIFICATE AUTHORIZES COMPLETE TRANSFER OF TOWER CRANE DESIGN DRAWINGS

Source text: ID:nNSE5MJVC4

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April 21 (Reuters) - Indo Farm Equipment Ltd INDQ.NS:

• SIGNS AGREEMENT TO PURCHASE TECHNOLOGY FROM BEIDA COMMERCIAL

Source text: ID:nBSE4WDzm3

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March 12 (Reuters) - Indo Farm Equipment Ltd INDQ.NS:

• INDO FARM EQUIPMENT LTD - APPROVES ACQUISITION OF 18 MILLION EQUITY SHARES OF BFL AT 25 RUPEES EACH

• INDO FARM EQUIPMENT LTD - TOTAL INVESTMENT FOR ACQUISITION AMOUNTS TO 450 MILLION RUPEES

Source text: ID:nBSE8GrlTw

Further company coverage: INDQ.NS

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** Shares of tractor maker Indo Farm Equipment INDQ.NS soar as much as 33.5% to 287 rupees in debut trade; last up ~31%

** Stock opened at 256 rupees, about 19% higher than its IPO price of 215 rupees

** At current levels, stock is valued at 13.54 bln rupees ($158.1 mln)

** The IPO consisted of fresh issue of 8.6 mln shares and 3.5 mln shares under offer for sale; it was subscribed by 229 times

** Co says proceeds will be used to set up manufacturing facilities, repayment of debt and investment in NBFC unit

($1 = 85.6660 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

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