Indo Farm Equipment IPO Details
| IPO Issue Open Date: | 31 December 2024 |
| IPO Issue Close Date: | 2 January 2024 |
| IPO Issue Price Band: | ₹204 to ₹215 Per Share |
| Face Value: | ₹10 Per Equity Share |
| IPO Issue Size: | ₹260.15 Crores | 1,21,00,000 shares |
| Fresh Issue: | ₹184.90 Crores | 10,500,000 shares |
| Offer for Sale: | ₹75.25 Crores | 35,00,000 shares |
| Issue Type: | Book Built Issue |
| IPO Listing At: | BSE & NSE |
| IPO Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | ₹[.] per share |
Indo Farm Equipment IPO Prospectus:
Checkout the Indo Farm Equipment IPO Prospectus of DRHP and RHP file.
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Indo Farm Equipment IPO Dates Timeline
| Issue Open Date: | 31 December 2024 |
| Issue Close Date: | 2 January 2024 |
| Basis of Allotment Date: | 3 January 2024 |
| Refunds Initiation: | 6 January 2024 |
| Shares Credit in Demat: | 6 January 2024 |
| IPO Listing Date Detail: | 7 January 2024 |
Indo Farm Equipment IPO Market Lot
| Application | Lot Size, Shares and Price Details |
| Retail (Min) | 1 lots and 69 shares = ₹14,835 |
| Retail (Max) | 13 lots and 897 shares = ₹1,92,855 |
| S-HNI (Min) | 14 lots and 966 shares = ₹2,07,690 |
| B-HNI Minimum | 68 lots and 4,692 shares = ₹10,08,780 |
Indo Farm Equipment IPO GMP*
| GMP Date | GMP Today | Subject to Sauda | Kostak | Expected Gain |
| Today | ₹50 | ₹2,300 | ₹- | 23% |
| 25th Dec | ₹22 | ₹- | ₹- | 10% |
| 24th Dec | ₹- | ₹- | ₹- | ₹- |
| 23th Dec | ₹- | ₹- | ₹- | ₹- |
| 20th Dec | ₹- | ₹- | ₹- | ₹- |
Check Live GMP
About Indo Farm Equipment
Indo Farm Equipment Limited was founded in 1994 and engaged in the business of producing tractors, pick-and-carry cranes, and various types of machinery that can help in harvesting crops. They sell their products domestically and internationally, like in Nepal, Syria, Sudan, Bangladesh, and Myanmar. They produce tractors ranging from 16 HP to 110 HP and pick & carry cranes from 9 to 30 tons. They have a factory in Baddi, Himachal Pradesh, that covers 127,840 square meters and has a foundry, machine shop, and assembly units. Moreover, they also make 12,000 tractors and 720 cranes each year. Nowadays they are well known as skilled manufacturers and also plan to expand operations and enhance the visibility of their business. Further, it also has unique strategies like experienced and qualified management, an in-house NBFC setup, and a wide range of products manufactured. Indo Farm Equipment Limited’s revenue grew by 5.45%, and its profit after tax increased by 13.45% from 2022 to 2023.
Indo Farm Equipment IPO Strengths
- Fully Integrated and established Manufacturing Setup
- Well Educated & Experienced Management
- Manufacturing Wide Range of Products
- Augment capital base for scaling and expanding our operations
- Focus on the niche market of Pick and Carry Cranes
Objects of the IPO Issue
- 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 Company Financial Report
The company reported revenue of ₹370.76 crores in 2023 against ₹352.08 crores in 2022. The company reported a profit of ₹15.56 crores in 2023 against a 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 – Key Performance Indicator
KPI as of March 31, 2024.
| KPI | Values |
| ROE: | 5.36% |
| ROCE: | 8.66% |
| EBITDA Margin: | 15.79% |
| PAT Margin: | NA |
| Debt to equity ratio: | 0.97 |
| Earning Per Share (EPS): | ₹4.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 5.36% |
| Net Asset Value (NAV): | ₹77.38 |
Peer Group Comparison
The below peer comparison table’s data are showing as per the DRHP and RHP.
| 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
Indo Farm Equipment IPO Lead Manager
- Aryaman Financial Services Limited
Indo Farm Equipment IPO allotment status noq on Link Intime website. Click on Mas Services Limited to get allotment status.
Promoters of Indo Farm Equipment
- Ranbir Singh Khadwalia
- Sunita Saini
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/