Indo Farm IPO Details

The bidding for the Indo Farm Equipment IPO open on Tuesday, December 31, 2024, and   close on Thursday, January 2, 2025. On Friday, January 3, 2025, the allocation for the Indo Farm Equipment IPO is anticipated to be finalized. The tentative listing date for the Indo Farm Equipment IPO is set for Tuesday, January 7, 2025, and it will be listed on the NSE and BSE.

This is a book-built issue, the Indo Farm Equipment IPO. The business plans to generate about 260 crores through an initial public offering (IPO), that comprises fresh issue of 86,00,000 shares ₹ 185 crores and offer for sale up to 35,00,000 equity shares 75 .25 crore with face value of ₹10 each.

The price range for Indo Farm Equipment’s IPO is ₹ 204 to ₹ 215 per share. Retail investors must make a minimum investment of ₹ 14,835. For B-HNI, the minimum lot size investment is ₹10,08,780 . lots 68 (4,692 shares),  and for S-HNI, it is 14 lots ( 966shares), or ₹2,07,690 The retail quota is 35%, QIB is 50%, and HNI is 15%.

In 2024, the company’s revenue was ₹375.95 crores, compared to ₹ 371.82 crores in 2023. The company’s 2024 profit was ₹15.60 crores, compared to ₹15.37 crores in 2023.

Indo Farm Equipment IPO Details-

IPO Open Date	Tuesday, December 31, 2024
IPO Close Date	Thursday, January 2, 2025
Listing Date	Tuesday, January 7, 2025
Price Band	₹204 to ₹215
Lot Size	69 Shares
Total Issue Size	1,21,00,000 shares
Fresh Issue	86,00,000 shares
Offer for Sale	35,00,000 shares
Issue Type	Book Built Issue
Retail Quata	35%
NII Quata	15%
QIB Quata	50%
Employee Discount	no

Indo Farm Equipment IPO Schedule (Provisional) –

Indo Farm Equipment IPO is scheduled to open on Tuesday, December 31, 2024

and close on Thursday, January 2, 2025. IPO listing will take place on Tuesday, January 7, 2025.

IPO Open Date	Tuesday, December 31, 2024
IPO Close Date	Thursday, January 2, 2025
Basis of Allotment	Friday, January 3, 2025
Refund Process start	Monday, January 6, 2025
Share Credit to Demat	Monday, January 6, 2025
Listing Date	Tuesday, January 7, 2025

Indo Farm Equipment IPO Market Lot Size –

The Indo Farm Equipment IPO minimum lot size is 69 shares with ₹ 14835 application amount. Investors can bid for a minimum of 69 shares and in multiples thereof. The minimum and maximum shares and amounts that retail investors and HNI can invest are shown in the table below.

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
S-HNI Maximum	67	4,623	₹9,93,945
B-HNI Minimum	68	4,692	₹10,08,780

Indo Farm Equipment IPO Promoters –

The promoters of the company are Ranbir Singh Khadwalia and Sunita Saini.

 

Indo Farm Equipment Limited Financial Details –

The company reported Profit of ₹ 15.56 crores in financial year 2023 compared to Profit of ₹ 13.72 crores in financial year 2022. The company reported revenue of ₹ 371.82 crores in 2023 compared to ₹ 352.08 crore in 2023.

Period Ended	31-Mar-2024	31-Mar-2023		31-Mar-2022
Revenue	375.95	371.82		352.52
Profit After Tax	15.56	15.37		13.72
Net Worth	317.06	290.37		274.8
Expense	352.06	349.57		333.34
Total Debt	270.54	280.65		275
					Amount in Crores ₹

 

Indo Farm Equipment IPO Key Performance Indicator (KPI) –

Indo Farm Equipment ROCE is 68.76%, Pre IPO EPS is ₹1.02 and market capitalization is ₹35168.01 Cr.

KPI	Values
ROE	5.13%
ROCE	8.96%
Return on Net Worth (RoNW)	4.92%
PAT Margin	4.16%
EBITDA Margin	16.66%
EPS	₹4.15
P/E Ratio	54.39
Price to Book Value	NA
Debt to equity	.97

 

Indo Farm Equipment IPO Analysis – Optional

Canara Bank	Share india securities
Choice Broking	Nirmal Bang
DRChoksey FinServ	Reliance Securities
Emkay Global	SBICAP Securities
Geojit	Sharekhan
Hem Securities	SMC Global
ICICIdirect	Sushil Finance
IDBI Capital	Swastika Investment
Marwadi Shares	Ventura Securities

 

Indo Farm Equipment Peer Group –

Company Name	EPS	PE Ratio
Escorts Kubota Limited	58.85	54.95
Action Construction Equipment Limited	14.41	46.71

 

Indo Farm Equipment IPO Lead Managers –

• 1 Aryaman Financial Services Limited

 

Company’s Contact Details

Indo Farm Equipment Limited SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101 Phone: 0172-2730060 Email: compliance@indofarm.in Website:

 

IPO Registrar’s Details

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

 

Details About Indo Farm Equipment –

Founded in 1994, Indo Farm Equipment Limited manufactures harvesting equipment such as pick-and-carry cranes and tractors.

Products from the company’s two brands, Indo Farm and Indo Power, are exported to Bangladesh, Myanmar, Nepal, Syria, and Sudan, among other nations.

The company produces tractors with 16–110 horsepower and pick-and-carry cranes with 9–30 tons. The 127,840-square-meter complex in Baddi, Himachal Pradesh, has assembly, machine shop, and foundry divisions. The company’s annual production capacity includes 1,280 pick-and-carry cranes and 12,000 tractors.

 

The company’s 127,840 square meter industrial property in Baddi, Himachal Pradesh, includes a machine shop, a captive foundry, and fabrication and assembly facilities for equipment such as pick-and-carry cranes and tractors.

They plan to enhance capacity by 3,600 units annually by constructing a new pick-and-carry crane manufacturing unit on additional industrial land next to the existing factory.

Support Indo Farm Equipment Limited’s range of farm owners, including some of India’s most powerful farmers. From advanced farm equipment to reliable accessories, we provide everything you need for efficient, modern farming.

 

Objects of the Issue –

• Creating a new dedicated unit to increase their capacity to manufacture pick-and-carry cranes.
• Repayment or pre-payment, in full or part, of certain borrowings availed by the Company.
• investing in NBFC Subsidiary (Barota Finance Ltd.) to finance the expansion of their capital base to meet their future capital needs.
• General Business Objectives.

Indo Farm Equipment IPO FAQs–

 

What is Indo Farm Equipment IPO?

Indo Farm Equipment IPO is a Mainline IPO. The company plans to raise ₹ 260.15 crores through an initial public offering. The issue is priced at ₹ ₹ 204 to ₹ 215 per equity share. The IPO is to be listed on BSE & NSE.

When Indo Farm IPO will open and close?

The Indo Farm IPO opens on Tuesday, December 31, 2024 and closes on Thursday, January 2, 2025.

What is Indo Farm IPO Lot Size?

Indo Farm IPO lot size is 69 shares, and the minimum amount required is Rs.14,835

What is Indo Farm IPO Price Band?

Indo Farm IPO Price Band is ₹ 204 to ₹215

What is the Indo Farm IPO Allotment Date?

The Allotment for the Indo Farm IPO will be finalized on Friday, January 3, 2025, and the allotted shares will be credited to your DEMAT account by Monday, January 6, 2025.

What is the Indo Farm IPO Listing Date?

Indo Farm IPO listing date is Tuesday, January 7, 2025.

How to Apply the Indo Farm IPO?

You can use your bank account to apply for the Indo Farm Equipment IPO online through ASBA. Additionally, you can apply for ASBA online through your stock brokers using UPI. By completing the offline application, you can also apply through your stock brokers.