Indo Farm Equipment IPO is set to open on December 31, 2024, and will close on January 2, 2024. The Indo Farm Equipment IPO is a Book Built Issue, aiming to raise approximately ₹260.15 crores. This includes a fresh issue of ₹184.90 crores and an offer for sale of up to 3,500,000 equity shares. The face value of each share is ₹10.
Indo Farm Equipment IPO Price band is set between ₹204 to ₹215 per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Indo Farm Equipment IPO is scheduled to list on BSE, NSE on January 7, 2024, with the allotment announcement on January 3, 2024.
The company reported revenue of ₹375.95 crores in 2024, compared to ₹371.82 crores in 2023. It posted a Profit of ₹15.60 crores in 2024, compared to a Profit of ₹15.37 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Indo Farm Equipment IPO Details
- Indo Farm Equipment IPO Market Lot
- Indo Farm Equipment IPO Dates
- About Indo Farm Equipment
- Promoters of Indo Farm Equipment
- Indo Farm Equipment IPO Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Indo Farm Equipment IPO GMP (Grey Market Premium)
- Indo Farm Equipment Subscription Status
- Indo Farm Equipment Allotment Status
- IPO Registrar
- IPO Lead Managers
- Indo Farm Equipment India Contact
- FAQs
Indo Farm Equipment IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Indo Farm Equipment Limited |
| Industry | Agricultural Machinery |
| IPO Issue Type | Book Built Issue |
| Open Date | December 31, 2024 |
| Close Date | January 2, 2025 |
| Total Issue Size | Approx. ₹260.15 Crores |
| Fresh Issue | Approx. ₹184.90 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹204 to ₹215 Per Share |
| Listing on | BSE, NSE |
| Lot Size | 69 Shares Per Lot |
| Offer for Sale | Approx 35,00,000 Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Indo Farm Equipment IPO Market Lot
Indo Farm Equipment IPO has a minimum lot size of 69 shares, with an amount of ₹14,835.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 69 | ₹14,835 |
| Retail Maximum | 13 | 897 | ₹1,92,855 |
| S-HNI Minimum | 14 | 966 | ₹2,07,690 |
| B-HNI Minimum | 68 | 4,692 | ₹10,08,780 |
Indo Farm Equipment IPO Dates
Indo Farm Equipment IPO opens on December 31, 2024, and closes on January 2, 2024. The allotment will be announced on January 3, 2024, and the IPO will be listed on January 7, 2024.
| Event | Date |
|---|---|
| IPO Open Date | December 31, 2024 |
| IPO Close Date | January 2, 2025 |
| Basis of Allotment | January 3, 2025 |
| Refunds | January 6, 2025 |
| Credit to Demat Account | January 6, 2025 |
| IPO Listing Date | January 7, 2025 |
About Indo Farm Equipment
Indo Farm Equipment Limited, established in 1994, specializes in manufacturing tractors, pick-and-carry cranes, and a variety of crop harvesting machinery. The company operates under two key brands, Indo Farm and Indo Power, and exports its products to international markets, including Nepal, Syria, Sudan, Bangladesh, and Myanmar. Their product portfolio includes tractors ranging from 16 HP to 110 HP and pick-and-carry cranes with capacities from 9 to 30 tons.
The company’s state-of-the-art manufacturing facility, spanning 127,840 square meters in Baddi, Himachal Pradesh, houses a foundry, machine shop, and assembly units. This facility boasts an annual production capacity of 12,000 tractors and 720 cranes. Known for its expertise in precision manufacturing, Indo Farm Equipment Limited is committed to scaling its operations and achieving new milestones. Its growth strategy is driven by an experienced leadership team, an in-house NBFC setup, and a diverse product range, positioning the company as a trusted player in the industry.
Promoters of Indo Farm Equipment
- MR. Ranbir Singh Khadwalia
- MR. Sunita Saini
Indo Farm Equipment IPO Financial Report
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 644.27 | 647.95 | 622.84 | 619.83 |
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 |
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 |
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 |
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 |
| Amount in ₹ Crores | ||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| EBITDA Margin | 16.66% |
| PAT Margin | NA |
| Debt to equity ratio | 0.97 |
| Earning Per Share (EPS) | ₹4.15 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 4.92% |
| Net Asset Value (NAV) | ₹86.75 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Escorts Kubota Limited | 58.85 | 54.95 | 7.78% | 620.19 | 84,286.90 Cr. |
| Action Construction Equipment Limited | 14.41 | 46.71 | 19.37% | 77.27 | 21,596.75 Cr. |
Objective of the Issue
- Establishing a new dedicated facility to expand the manufacturing capacity of pick-and-carry cranes.
- Repaying or prepaying, either fully or partially, specific borrowings undertaken by the company.
- Investing further in its NBFC subsidiary, Barota Finance Ltd., to strengthen its capital base and support future growth requirements.
- Allocating funds for general corporate purposes.
Indo Farm Equipment IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Indo Farm Equipment, please visit the IPO GMP page.
Indo Farm Equipment Subscription Status
This IPO subscription kicks off on December 23, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Indo Farm Equipment Allotment Status
To check Indo Farm Equipment IPO allotment status, visit the IPO register website Mas or go to the IPO Allotment page.
IPO Registrar
MAS SERVICES LIMITED
T-34 2nd floor, Okhla Industrial Area Phase II,
New Delhi 110020, India
Tel: 011-26387281-83
E-mail: ipo@masserv.com
Website: www.masserv.com
IPO Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Indo Farm Equipment India Contact
INDO FARM EQUIPMENT LIMITED
SCO 859 N.A.C Manimajra Kalka Road
Chandigarh 160101, India
Phone: 0172-2730060
Email: compliance@indofarm.in
Website: www.indofarm.in
FAQs
What is Indo Farm Equipment’s IPO?
Indo Farm Equipment’s IPO is a main-board public offering through which the company aims to raise ₹260.15 crore. The price band for the issue is set between ₹204 and ₹215 per equity share, and the shares will be listed on both BSE and NSE.
When will Indo Farm Equipment’s IPO open for subscription?
The IPO will open for subscription on December 31, 2024, and will close on January 2, 2025, catering to QIBs, NIIs, and retail investors.
What is the investor allocation for Indo Farm Equipment’s IPO?
The IPO reserves 50% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors.
How can you apply for Indo Farm Equipment’s IPO?
You can apply for Indo Farm Equipment’s IPO online via ASBA through your bank account or UPI using stock brokerage platforms. Offline applications can also be submitted by filling out the IPO form through your stockbroker.
What is the issue size of Indo Farm Equipment’s IPO?
The total issue size of Indo Farm Equipment’s IPO is ₹260.15 crore.
Note: Indo Farm Equipment’s IPO price band and date have been officially announced. Indo Farm Equipment’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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