Indo Farm Equipment Limited manufactures Tractors, Pick & Carry Cranes, and other harvesting equipment.
The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.
The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually.
The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.
They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.
As of June 30, 2024, They had 938 employees on payroll.
Indo Farm Equipment IPO – Details
| IPO Opening Date | 31 December 2024 |
| IPO Closing Date | 26 December 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 1,21,00,000 Shares Worth ₹[] Crore Fresh Issue: 86,00,000 Shares Worth ₹[] Crore Offer For Sale: 35,00,000 Shares Worth ₹[] Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹[] – ₹[] per share |
| Market Lot | – |
| Min Order | – |
| Listing At | BSE, NSE |
| Register | Mas Services Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Indo Farm Equipment IPO – Date Schedule
| IPO Open Date | 23 November 2024 |
| IPO Close Date | 02 January 2024 |
| Basis of Allotment | 03 January 2024 |
| Initiation of Refund | 06 January 2024 |
| Credit of Shares to Demat Account | 06 January 2024 |
| IPO Listing Date | 07 January 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 02, 2024 |
Indo Farm Equipment IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | – | – | ₹ |
| Retail (Max) | – | – | ₹ |
| S-HNI (Min) | – | – | ₹ |
| S-HNI (Max) | – | – | ₹ |
| B-HNI (Min) | – | – | ₹ |
Competitive Strengths
- Fully Integrated and established Manufacturing Setup.
- Well Educated & Experienced Management.
- In-House NBFC Setup.
- Manufacturing Wide Range of Products.
- Product acceptability in multiple countries and a wide variety of financial institutions.
Company Promoters
- Ranbir Singh Khadwalia
- Sunita Saini
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 352.52 | 333.33 | 13.71 | 275.00 |
| 31 March 2023 | 371.81 | 349.56 | 15.37 | 280.65 |
| 31 March 2024 | 375.95 | 352.06 | 15.59 | 270.54 |
| 30 June 2024 | 75.53 | 71.79 | 2.45 | 245.36 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| Debt/Equity | 0.01 |
| RoNW | 4.92% |
| PAT Margin | 4.16 |
| Pre IPO | Post IPO | |
| EPS (Rs) | – | – |
| P/E (x) | – | – |
Object Of The 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 IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Escorts Kubota Limited | 36.79 |
| 2 | 2 | Action Construction Equipment Limited | 47.42 |
Indo Farm Equipment IPO Promoter Holding
| Pre Issue Share Holding | 93.45% |
| Post Issue Share Holding | 69.44% |
Indo Farm Equipment IPO Prospectus
Company Contact Information
| 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 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(s)
| 1. Aryaman Financial Services Limited |
Indo Farm Equipment IPO FAQs
| What is Indo Farm Equipment IPO? Indo Farm Equipment IPO is a main-board IPO. The issue is priced at ₹[] to ₹[] per equity share. The IPO is to be listed on BSE & NSE. |
| When Indo Farm Equipment IPO will open? The IPO is to open on 31 December 2024 for QIB, NII, and Retail Investors. |
| What is Indo Farm Equipment IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Indo Farm Equipment IPO? You can apply Indo Farm Equipment IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Indo Farm Equipment IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Indo Farm Equipment IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Indo Farm Equipment IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Indo Farm Equipment IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Indo Farm Equipment IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indo Farm Equipment IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Indo Farm Equipment IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Indo Farm Equipment IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Indo Farm Equipment IPO Size? Indo Farm Equipment IPO size is ₹[] Crore. |
| What is the Indo Farm Equipment IPO Price Band? Indo Farm Equipment IPO Price Band is ₹[] to ₹[]. |
| What is Indo Farm Equipment IPO Minimum and Maximum Lot Size for Retail? The minimum bid is [] Shares with ₹[] amount while the maximum bid is [] Shares with ₹[]. |
| What is the Indo Farm Equipment IPO Allotment Date? Indo Farm Equipment IPO allotment date is 03 January 2024. |
| What is the Indo Farm Equipment IPO Listing Date? Indo Farm Equipment IPO listing date is 07 January 2024. The IPO is to be listed on BSE and NSE. |
