- IPO size: ₹260.15 crores, with a mix of fresh issue and OFS.
- Opens Dec 31, 2024; closes Jan 2, 2025.
- Minimum investment: ₹14,835 for retail investors.
- Listing date: Jan 7, 2025, on BSE and NSE.
- Expansion plans include increased crane production capacity.
Indo Farm Equipment Limited is set to launch its IPO with a total issue size of ₹260.15 crores, comprising a fresh issue of 0.86 crore shares (₹184.90 crores) and an offer for sale (OFS) of 0.35 crore shares (₹75.25 crores). The IPO will open for subscription on December 31, 2024, and close on January 2, 2025. The price band is set at ₹204-₹215 per share, and the lot size is 69 shares. The minimum investment for retail investors is ₹14,835, while sNII and bNII categories require minimum investments of ₹2,07,690 and ₹10,08,780, respectively.
Here’s everything you need to know about the IPO, including key details, timelines, lot sizes, and financials.
Indo Farm Equipment IPO Details
IPO Date | December 31, 2024, to January 2, 2025 |
---|---|
Listing Date | January 7, 2025 |
Face Value | ₹10 per share |
Price Band | ₹204 to ₹215 per share |
Lot Size | 69 shares |
Total Issue Size | 1.21 crore shares (₹260.15 crores) |
Fresh Issue | 0.86 crore shares (₹184.90 crores) |
Offer for Sale (OFS) | 0.35 crore shares (₹75.25 crores) |
Issue Type | Book Built Issue IPO |
Listing Platforms | BSE, NSE |
Pre-Issue Shareholding | 3.94 crore shares |
Post-Issue Shareholding | 4.80 crore shares |
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Indo Farm Equipment IPO Tentative Timeline
Event | Date |
---|---|
IPO Opening | December 31, 2024 |
IPO Closing | January 2, 2025 |
Allotment Finalization | January 3, 2025 |
Refund Initiation | January 6, 2025 |
Shares Credited to Demat | January 6, 2025 |
Listing Date | January 7, 2025 |
Indo Farm Equipment IPO Lot Sizes
Application Type | Lots | Shares | Investment 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 |
About Indo Farm Equipment Limited
Founded in 1994, Indo Farm Equipment Limited specializes in manufacturing tractors, pick-and-carry cranes, and other agricultural and industrial equipment. Operating under brands like Indo Farm and Indo Power, the company exports to multiple countries, including Nepal, Sudan, and Bangladesh.
Their facility in Baddi, Himachal Pradesh, spans over 127,840 sq. meters, housing a foundry, machine shop, and assembly units. The company plans to expand its crane manufacturing capacity by 3,600 units annually with newly acquired land.
As of June 30, 2024, Indo Farm Equipment employs 938 people and produces 12,000 tractors and 1,280 cranes annually.
Indo Farm Company Financials
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
---|---|---|---|---|
Assets (₹ Cr) | 644.27 | 647.95 | 622.84 | 619.83 |
Revenue (₹ Cr) | 75.54 | 375.95 | 371.82 | 352.52 |
Profit After Tax (₹ Cr) | 2.45 | 15.60 | 15.37 | 13.72 |
Net Worth (₹ Cr) | 342.25 | 317.06 | 290.37 | 274.80 |
Borrowings (₹ Cr) | 245.36 | 270.54 | 280.65 | 275.00 |
Objects of the Issue
- General corporate purposes.
- Expansion of crane manufacturing capacity with a new dedicated unit.
- Repayment or prepayment of certain borrowings.
- Further investment in Barota Finance Ltd. (NBFC subsidiary).
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice or an endorsement of any IPO or investment opportunity. While we strive to ensure the accuracy of the details shared, the content is based on publicly available information, research, and reports from credible sources. Readers are advised to verify the details independently and consult with a financial advisor before making any investment decisions.Stay informed and exercise caution while making financial decisions.