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.
| 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 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 | -- |
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) |
| Share Holding Pre Issue | 93.45% |
| Share Holding Post Issue | 69.44% |
| 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 | |
| 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 |
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.
| 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 |
The funds from the Net Fresh Issue are intended to be raised for the following purposes:
Indo Farm Equipment Limited SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101 Phone: 0172-2730060 Email: compliance@indofarm.in Website: https://www.indofarm.in/ |
Mas Services Limited Phone: (011) 2610 4142 |
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