Indo Farm Equipment Limited – IPO

The Indo Farm Equipment IPO is structured as a book-built issue consisting of 1.40 crore shares. It includes a fresh issue of 1.05 crore shares and an offer for sale of 0.35 crore shares.

The dates for the Indo Farm Equipment IPO are yet to be announced. The allotment of shares is expected to be finalized on [.].

The price bands for the Indo Farm Equipment IPO have not been announced yet.

Ge the Indo Farm Equipment IPO DRHP for detailed information.

Indo Farm Equipment Limited – IPO Details

IPO Date December 31, 2024 to January 2, 2025
Listing Date January 7, 2025
Face Value ₹ 10 / Share
Price Band ₹ 204 to ₹ 215 / Share
Lot Size 69 Shares
Total Issue Size ₹260.15 Cr
Fresh Issue 184.90 Cr
Offer for Sale ₹75.25 Cr
Employee Discount
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 3,75,51,600
Share holding post issue 4,80,51,600
Market Maker portion

Indo Farm Equipment Limited Timeline (Tentative Schedule)

Indo Farm Equipment Limited IPO opens on December 31, 2024, and closes on January 2, 2025.

IPO Open Date December 31, 2024
IPO Close Date January 2, 2025
Basis of Allotment December 3, 2024
Initiation of Refunds January 6, 2025
Credit of Shares to Demat January 6, 2025
Listing Date January 7, 2025
Cut-off time for UPI mandate confirmation --

Indo Farm Equipment Limited IPO Lot Size

Bids can be placed by investors for a minimum of 69 shares and in multiples thereof. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are illustrated in the table below.

Application Lots Shares Amount
Retail (Min) 1 69 Rs.14,835
Retail (Max) 13 897 Rs.192,855
S-HNI (Min) 14 966 Rs.207,690
S-HNI (Max) 67 4,623 Rs.993,945
B-HNI (Min) 68 4,692 Rs.1,008,780
HNI (Min)

Indo Farm Equipment Limited IPO Promoter Holding

Share Holding Pre Issue 93.45%
Share Holding Post Issue 69.44%

Indo Farm Equipment Limited IPO Reservation

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered
Market Maker Shares Offered
Other Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
NII (HNI) Shares Offered Not less than 15% of the Net Issue
bNII > ₹10L
sNII < ₹10L
Retail Shares Offered Not less than 35% of the Net Issue
Employee Shares Offered
Total Shares Offered

Indo Farm Equipment Limited IPO Anchor Investors Details

Bid Date 2024-12-30
Shares Offered
Anchor Portion Size (In Cr.) 78.05
Anchor lock-in period end date for 50% shares (30 Days) February 2, 2025
Anchor lock-in period end date for remaining shares (90 Days) April 3, 2025

About Indo Farm Equipment Limited

Incorporated in 1994, Indo Farm Equipment Limited is engaged in the manufacturing of tractors, Pick & Carry Cranes, and other harvesting equipment.

Two brands, Indo Farm and Indo Power, are operated by the company, and their products are exported to countries such as Nepal, Syria, Sudan, Bangladesh, Myanmar, and others.

Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 to 30 tons are manufactured by the company. The facility in Baddi, Himachal Pradesh, spans 127,840 square meters and includes a captive foundry, machine shop, and assembly units. An annual production capacity of 12,000 tractors and 720 Pick & Carry Cranes is maintained.

Additional industrial land near the current facility has been acquired for the construction of a new Pick & Carry Crane manufacturing unit, with an aim to increase capacity by 3,600 units annually.

Key Performance Indicator

KPI Values
ROE 5.36%
ROCE 8.66%
Debt/Equity 0.97
RoNW 5.36%
P/BV
PAT Margin (%) 4.19
  Pre IPO Post IPO
EPS (Rs) 3.95 2.04
P/E (x) 54.39 105.25

Objects of the Issue (Indo Farm Equipment Limited IPO Objectives)

The funds from the Net Fresh Issue are intended to be raised for the following purposes:

  • A new dedicated unit is planned to be set up to expand the manufacturing capacity for Pick & Carry Cranes.
  • Certain borrowings availed by the company are to be repaid or pre-paid, either in full or in part.
  • Additional investment is to be made in the NBFC subsidiary, Barota Finance Ltd., to finance the augmentation of its capital base for meeting future capital requirements.
  • General corporate purposes are also planned to be addressed.

Indo Farm Equipment Limited Contact Details

Indo Farm Equipment Limited

SCO 859, NAC Manimajra Kalka Road,

Chandigarh 160101

Phone: 0172-2730060

Email: compliance@indofarm.in

Website: https://www.indofarm.in/

Indo Farm Equipment Limited IPO Registrar

Mas Services Limited

Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp

Frequently Asked Questions


What is Indo Farm Equipment Limited IPO?
The Indo Farm Equipment Limited IPO is classified as an Mainline IPO. The issue price is set between ₹204 and ₹215 per equity share. A minimum of 69 shares is required per order. The IPO will be open from December 31, 2024, to January 2, 2025. The shares are proposed to be listed on BSE, NSE.

When does the Indo Farm Equipment Limited IPO open and close?
The Indo Farm Equipment Limited IPO will be opened on December 31, 2024, and closed on January 2, 2025.

What is the issue size of the Indo Farm Equipment Limited IPO?
The size of the Indo Farm Equipment Limited IPO is in total. A fresh issue of 184.90 Cr shares, aggregating up to , is included.

What is the price band of the Indo Farm Equipment Limited Limited IPO?
The price band for the IPO has been set between ₹204 - ₹215 per equity share.

What is the allotment date of the Indo Farm Equipment Limited IPO?
The share allotment date for the Indo Farm Equipment Limited IPO is set for December 3, 2024.

What is the Indo Farm Equipment Limited listing date?
The Indo Farm Equipment Limited IPO is scheduled to be listed on January 7, 2025.

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