Upcoming IPO: Indo Farm Equipment IPO Set to Open on 31st December 2024
Posted by : sachet | Tue Dec 24 2024
Upcoming IPO: Indo Farm Equipment IPO is set to open for bid from 31st December 2024 to 2nd January 2025. It is a book-built issue of Rs 260.15 crores, including a fresh issue of 86,00,000 shares (worth 184.90 crores) and an offer for sale of 35,00,000 shares (worth Rs 75.25 crore). As per the IPO prospectus, allotment will be announced on 3rd January 2025.
Mas Services Limited is the registrar of Indo Farm Equipment IPO and is committed to ensuring a smooth process of allotment and refund. Moreover, Aryaman Financial Services is the book-running lead manager of this IPO.
Indo Farm Equipment IPO Details
| IPO Open Date | 31st December 2024 |
| Issue Type | Book Built Issue |
| Face Value | Rs 10 per share |
| Lot Size | 69 shares |
| Price Band | Rs 204 to Rs 215 per share |
| Shares Offered | 1,21,00,000 shares |
| Listing | BSE & NSE |
| IPO Close Date | 2nd January 2025 |
Bidding Requirements for Investors
The minimum lot size for Indo Farm Equipment IPO is 69 shares. It means retail investors must invest a minimum of Rs 14,835 to apply for this IPO. The minimum/maximum lot size or amount varies from investor to investor. Let’s have a look at the lot size for all categories of investors. Refer to the table below.
| Investor Categories | Shares | Lots | Amount (in rupees) |
| Retail (Minimum) | 69 | 1 | 14,835 |
| Retail (Maximum) | 897 | 13 | 1,92,855 |
| S-HNI (Minimum) | 966 | 14 | 2,07,690 |
| S-HNI (Maximum) | 4,623 | 67 | 9,93,945 |
| B-HNI (Minimum) | 4,692 | 68 | 10,08,780 |
About Indo Farm Equipment Ltd.
Indo Farm Equipment Limited was incorporated in 1994 and currently manufactures tractors, cranes, and other equipment for harvesting procedures. Besides impressive domestic demand, Indo Farm also supplies its products to foreign nations like Syria, Sudan, Bangladesh, Myanmar, Nepal, and others.
The company has an effective production capacity of 12,000 tractors and 1,280 cranes annually. Moreover, Indo Farm Equipment Ltd. has acquired industrial land near the production unit to foster its crane manufacturing capabilities. The company aims to manufacture 3,600 cranes per year.
Indo Farm Equipment Financials
| Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr.) |
| Net Assets | 647.95 | 622.84 | 619.83 |
| Debt | 270.54 | 280.65 | 275.00 |
| Revenue | 375.95 | 371.82 | 352.52 |
| Profit (After Tax) | 15.60 | 15.37 | 13.72 |
| Net Worth | 317.06 | 290.37 | 274.80 |
*Data is updated as of 24th December 2024.
Technical Indicators of Indo Farm Equipment Ltd.
| Key Performance Indicators | Values |
| PE Ratio (Price-to-Equity) | 105.25 |
| Market Capitalisation | 1033.11 cr. |
| ROE (Return on Equity) | 5.13% |
| PB Ratio (Price-to-Book) | 2.55 |
| Debt/Equity | 0.01 |
| ROCE | 8.96 |
| RoNW | 4.92% |
*Data is updated as of 24th December 2024.
Aim of Indo Farm Equipment IPO
Indo Farm Equipment IPO is set to issue on 31st December 2024. With this issue, company aims to:
- Repay its certain borrowings.
- Finance its NBFC Subsidiary (Barota Finance Ltd.)
- Setup new dedicated unit to increase its crane manufacturing capacity.
Experts Recommendations
At Indo Farm, we take innovation seriously. It is the force that drives us to keep at it. ~ (Professionals at Indo Farm Equipment Ltd.)
Experts acclaimed that Indo Farm Equipment Ltd. is more focused to derive innovation in the industry. The company is set to achieve new heights in the coming decade and it could be an appropriate decision to apply for Indo Farm Equipment IPO.
Pros of Indo Farm Equipment IPO
- In-House NBFC Setup
- Integrated Manufacturing Setup
- Diverse Product Portfolio
- Global Exposure
Cons of Indo Farm Equipment IPO
- Seasonality and regulatory changes.
- Significant level of debt.
Indo Farm Equipment IPO Timeline
| IPO Open Date | 31st December 2024 |
| IPO Close Date | 2nd January 2025 |
| IPO Allotment Date | 3rd January 2025 |
| Refund Initiation Date | 6th January 2025 |
| Listing Date | 7th January 2025 |
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