Indo Farm Equipment Limited
Indo Farm Equipment Limited is engaged in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment. The company operates two brands: Indo Farm and Indo Power, and exports to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar. They are expanding their pick & carry crane manufacturing capacity.
IPO Details
| IPO Date | December 31, 2024 to January 02, 2025 |
|---|---|
| Listing Date | January 07, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹204 to ₹215 per share |
| Lot Size | 69 Shares |
| Total Issue Size | 1,21,00,000 Shares (aggregating up to ₹260.15 Cr) |
| Fresh Issue | 86,00,000 Shares (aggregating up to ₹184.90 Cr) |
| Offer for Sale | 35,00,000 shares of ₹10 (aggregating up to ₹75.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE NSE |
| Shareholding Pre-Issue | 3,94,51,600 Shares |
| Shareholding Post-Issue | 4,80,51,600 Shares |
Timeline (Indicative Dates)
| IPO Open Date | Tuesday, December 31, 2024 |
|---|---|
| IPO Close Date | Thursday, January 02, 2025 |
| Basis of Allotment | Friday, January 03, 2025 |
| Initiation of Refunds | Monday, January 06, 2025 |
| Credit of Shares to Demat | Monday, January 06, 2025 |
| Listing Date | Tuesday, January 07, 2025 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on January 02, 2025 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹1,92,855 |
| S-HNI (Min) | 14 | 966 | ₹2,07,690 |
| S-HNI (Max) | 67 | 4623 | ₹9,93,945 |
| B-HNI (Min) | 68 | 4692 | ₹10,08,780 |
Financial Information
Indo Farm Equipment Limited's revenue increased by 1.11% and profit after tax (PAT) rose by 1.50% between the financial year ending with 31 Mar 2024 and 31 Mar 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 644.27 | 647.95 | 622.84 | 619.83 |
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 |
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 |
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 |
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 |
| Amount in ₹ Crore | ||||
Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,630,000 (30.00%) | |
| QIB Shares Offered | 2,420,000 (20.00%) | |
| NII (HNI) Shares Offered | 1,815,000 (15.00%) | |
| bNII > ₹10L | 1,210,000 (10.00%) | |
| sNII < ₹10L | 605,000 (5.00%) | |
| Retail Shares Offered | 4,235,000 (35.00%) | 61,376 |
| Total Shares Offered | 12,100,000 (100%) |
Registrar
| Registrar | Mas Services Limited |
|---|---|
| Phone | +91 01126104142 |
| [email protected] | |
| Website | https://www.masserv.com/opt.asp |
Lead Manager(s)
- Aryaman Financial Services Limited
Timeline (Indicative Dates)
| IPO Open Date | Tuesday, December 31, 2024 |
|---|---|
| IPO Close Date | Thursday, January 02, 2025 |
| Basis of Allotment | Friday, January 03, 2025 |
| Initiation of Refunds | Monday, January 06, 2025 |
| Credit of Shares to Demat | Monday, January 06, 2025 |
| Listing Date | Tuesday, January 07, 2025 |
| Cut-off time for UPI mandate confirmation | 5:00 PM on January 02, 2025 |
Promoter Holding
Ranbir Singh Khadwalia, Sunita Saini are the company's promoters.
| Detail | Percentage |
|---|---|
| Share Holding Pre Issue | 93.45% |
| Share Holding Post Issue | 69.44% |
Anchor Investors Details
Indo Farm Equipment Limited IPO raises ₹78.05 crore from anchor investors.
| Bid Date | December 30, 2024 |
|---|---|
| Shares Offered | 36,30,000 |
| Anchor Portion Size | ₹78.05 Cr |
| Anchor lock-in period end date for 50% shares (30 Days) | February 02, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 02, 2025 |
Key Performance Indicators
The market capitalization of Indo Farm Equipment Limited IPO is Rs 1033.11 Cr.
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| Debt/Equity | 0.85 |
| RoNW | 4.92% |
| PAT Margin | 4.16 |
| Price to Book Value | 2.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.95 | 2.04 |
| P/E (x) | 54.39 | 105.25 |
Objects of the Issue (Objective)
Funds raised for setting up a new dedicated unit for expansion of their pick and carry cranes manufacturing capacity, repayment of borrowings, investment in NBFC Subsidiary for future capital needs, and general corporate purposes.
Contact Details
| Address | SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101 |
|---|---|
| Phone | +91 01722730060 |
| [email protected] | |
| Website | https://www.indofarm.in/ |