Indo Farm Equipment Limited IPO

Minimum Investment

Minimum Investment (Retail)Lots (min)Shares (QTY)
₹14,835169

About Indo Farm Equipment Limited

Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing 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.

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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.

Competitive Strengths:

Product acceptability in multiple countries and a wide variety of financial institutions
Fully Integrated and established Manufacturing Setup
Well Educated & Experienced Management
In-House NBFC Setup
Manufacturing Wide Range of Products

Indo Farm Equipment IPO Details

IPO DateDecember 31, 2024 to January 2, 2025
Face Value₹10 per share
Price Band₹204 to ₹215 per share
Lot Size69 Shares
Total Issue Size1,21,00,000 shares
(aggregating up to ₹260.15 Cr)
Fresh Issue86,00,000 shares
(aggregating up to ₹ 184.90 Cr)
Offer for Sale35,00,000 shares of ₹10
(aggregating up to ₹75.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue3,94,51,600 shares
Share Holding Post Issue4,80,51,600 shares
IPO Open DateTuesday, December 31, 2024
IPO Close DateThursday, January 2, 2025
Basis of AllotmentFriday, January 3, 2025
Initiation of RefundsMonday, January 6, 2025
Credit of Shares to DematMonday, January 6, 2025
Listing DateTuesday, January 7, 2025
Cut-off time for UPI mandate confirmation5 PM on January 2, 2025

Indo Farm Equipment IPO Prospectus

Financial Snapshot (in Crores)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets644.27647.95622.84619.83
Revenue75.54375.95371.82352.52
Profit After Tax2.4515.615.3713.72
Net Worth342.25317.06290.37274.8
Total Borrowing245.36270.54280.65275

Promoters

Ranbir Singh Khadwalia and Sunita Saini are the promoters of the company.

Indo Farm Equipment Limited Contact Details

Address: SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101
Phone: 0172-2730060
Email: compliance@indofarm.in
Websitehttps://www.indofarm.in/

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