Indo Farm Equipment IPO Details: The Indo Farm Equipment IPO is scheduled to open on December 31, 2024, and close on January 2, 2025. It is a Book Built Issue through which the company aims 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 with a face value of ₹10 each.
The IPO price band is set between ₹204 and ₹215 per share. The retail investor allocation is 35%, while the quotas for Qualified Institutional Buyers (QIB) and High Net-Worth Individuals (HNI) are 50% and 15%, respectively. The shares are expected to be listed on the NSE on January 7, 2025, with the allotment date confirmed as January 3, 2025.
For the fiscal year 2024, Indo Farm Equipment reported revenue of ₹375.95 crores, a slight increase from ₹371.82 crores in 2023. The net profit for the same period was ₹15.60 crores, compared to ₹15.37 crores in the previous year. Given the company’s consistent financial performance, the IPO presents an opportunity for long-term investors to consider.
Indo Farm Equipment IPO Objectives:
The Objects of the Net Fresh Issue is to raise funds for:
- Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
- Further Investment in 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 Review (Apply or Not)
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Indo Farm Equipment IPO Date & Price Band Details:
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹204 to ₹215 Per Share |
| Issue Size: | Approx ₹260.15 Crores, 1,21,00,000 Equity Share |
| Fresh Issue: | Approx ₹184.90 Crores, 86,00,000 Equity Share |
| Offer for Sale: | Approx 35,00,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Indo Farm Equipment IPO Lot Size:
The minimum market lot for the Indo Farm Equipment IPO is 69 shares, requiring an application amount of ₹14,835. Retail investors can apply for a maximum of 13 lots, which equals 897 shares, amounting to ₹1,92,855.
| 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 Timeline:
The Indo Farm Equipment IPO will open on December 31, 2024, and close on January 2, 2025. The allotment of shares is scheduled to be finalized on January 3, 2025, with the IPO listing set for January 7, 2025.
| 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 |
Indo Farm Equipment IPO GMP Today:
The last reported Grey Market Premium (GMP) for the Indo Farm Equipment IPO is ₹95. Based on the price band cap of ₹215, the estimated listing price is ₹310 (cap price + current GMP). This translates to an expected gain of approximately 44.19% per share.
Promoters of Indo Farm Equipment IPO
The promoters of the company are Ranbir Singh Khadwalia and Sunita Saini.
About Indo Farm Equipment IPO
Indo Farm Equipment Limited, established in 1994, specializes in manufacturing tractors, pick-and-carry cranes, and various agricultural machinery. The company operates under two key brands, Indo Farm and Indo Power, and has expanded its presence internationally, exporting products to countries such as Nepal, Syria, Sudan, Bangladesh, and Myanmar.
The company offers a diverse range of tractors with capacities from 16 HP to 110 HP and pick-and-carry cranes with lifting capacities from 9 to 30 tons. Its manufacturing facility, located in Baddi, Himachal Pradesh, spans 127,840 square meters and features a foundry, machine shop, and assembly units. The facility has an annual production capacity of 12,000 tractors and 720 cranes.
Indo Farm Equipment has earned a reputation for its manufacturing expertise and is strategically positioned for future growth. The company plans to scale its operations and enhance its market presence. Key strengths include an experienced management team, an in-house NBFC setup to support customers, and a wide portfolio of high-quality products.
Indo Farm Equipment IPO Company Financial Report
The company reported revenue of ₹370.76 crores in 2023 against ₹352.08 crore in 2022. The company reported profit of ₹15.56 crores in 2023 against profit of ₹13.72 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹352.08 | ₹333.34 | ₹13.72 | ₹619.83 |
| 2023 | ₹371.82 | ₹349.57 | ₹15.37 | ₹622.84 |
| 2024 | ₹375.95 | ₹352.06 | ₹15.60 | ₹647.95 |
| June 2024 | ₹75.54 | ₹71.79 | ₹2.45 | ₹644.27 |
Indo Farm Equipment IPO Valuation – FY2024
Check Indo Farm Equipment IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| 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. |
Indo Farm Equipment IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Company Address
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 IPO FAQs
What is Indo Farm Equipment IPO?
Indo Farm Equipment IPO is a main-board IPO through which the company aims to raise ₹260.15 crores. The issue is priced between ₹204 and ₹215 per equity share and will be listed on both BSE and NSE.
When will Indo Farm Equipment IPO open for subscription?
The IPO will open for subscription on December 31, 2024, and close on January 2, 2025. It will be available for Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and Retail Investors.
What is the investors’ portion for Indo Farm Equipment IPO?
The allocation is as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
How can I apply for Indo Farm Equipment IPO?
You can apply via:
- ASBA Online: Through your bank account.
- UPI: Via stockbroker platforms supporting UPI.
- Offline: By filling out the physical form through your stockbroker.
What is the issue size of Indo Farm Equipment IPO?
The total issue size is ₹260.15 crores.
What is the price band for Indo Farm Equipment IPO?
The IPO price band is set between ₹204 and ₹215 per share.
What is the lot size for Indo Farm Equipment IPO?
The minimum bid is 69 shares, requiring an application amount of ₹14,835.
What is the allotment date for Indo Farm Equipment IPO?
The allotment of shares will be finalized on January 3, 2025.
What is the listing date for Indo Farm Equipment IPO?
The IPO is scheduled to list on January 7, 2025, on both BSE and NSE.
