Indo Farm Equipment IPO (Indo Farm Equipment Limited IPO)
Indo Farm Equipment IPO open for bidding on 31st December 2024 and ends on 2nd January 2024.
Indo Farm Equipment Limited is a prominent player in the Indian agricultural and construction equipment sector. Founded in 1994, the company specializes in manufacturing high-performance tractors, harvesters, and other farming equipment, meeting diverse agricultural needs. With its registered office in Chandigarh, Indo Farm Equipment is strategically positioned to cater to domestic and international markets.
The company’s product range features state-of-the-art technology designed for efficiency and durability. Key offerings include 2WD and 4WD tractors, tailored for small to large-scale farming operations. Indo Farm also produces reliable construction machinery, reinforcing its commitment to technological innovation and infrastructure development.
Indo Farm’s strategic investments in research and development have fostered the creation of globally competitive products. The company actively supports sustainable farming by aligning with modern agricultural practices, benefiting farmers, and contributing to the nation’s rural economy.
For more details refer to Indo Farm Equipment IPO RHP and Indo Farm Equipment IPO Pulse Score
Indo Farm Equipment IPO Details
| IPO Date | 31st December 2024 to 2nd January 2024 |
| Listing Date | 7th January 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 1,21,00,000 shares (aggregating up to ₹260.15 Cr) |
| Fresh Issue | 86,00,000 shares (aggregating up to ₹184.90 Cr) |
| Offer for Sale | 35,00,000 shares of ₹10 (aggregating up to ₹75.25 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 36,30,000(30%) |
| QIB | 24,20,000(20%) |
| NII | 18,15,000(15%) |
| bNII | 12,10,000(10%) |
| sNII | 6,05,000(5%) |
| Retail | 42,35,000(35%) |
| Total | 1,21,00,000(100%) |
Indo Farm Equipment IPO Timeline
| IPO Open | 31st December 2024 |
| IPO Close | 2nd January 2025 |
| Basis Of Allotment | 3rd January 2025 |
| Initiation of Refunds | 6th January 2025 |
| Credit of Shares to Demat | 6th January 2025 |
| Listing Date | 7th January 2025 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹1,033.11 Cr | P/E Ratio- Pre IPO | 54.39 |
| RoNW* | 0.72% | P/E Ratio- Post IPO | 105.25 |
| RoCE* | 1.73% | P/B Ratio | 2.55 |
| Debt to Equity | 0.61 | PAT Margin | 3.27% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024. RoCE and RoNW are for three-month period ended June 30, 2024
Indo Farm Equipment IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Setting up new Dedicated Unit for Expansion of the Pick & Carry Cranes Manufacturing Capacity
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
- Further Investment in the NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General corporate purposes.
- Indo Farm Equipment IPO Subscription Status
- Indo Farm Equipment IPO Allotment Status
- Indo Farm Equipment IPO Reviews
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