Indo Farm Equipment Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹204 - ₹215
- Lot size
- 69 shares
- Issue amount
- ₹260.15 cr
- Total subscription
- 229.68×
- Opens
- 31 Dec 2024
- Closes
- 2 Jan 2025
- Allotment
- 3 Jan 2025
- Listing
- 7 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 1,21,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,076
- Fresh issue
- ₹184.9 cr
- Offer for sale
- ₹75.25 cr
- Registrar
- Mas Services Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,835
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,94,51,600
- Shares after issue
- 4,80,51,600
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 69 | ₹14,835 |
| sHNI | 14 | 966 | ₹2,07,690 |
| bHNI | 68 | 4,692 | ₹10,08,780 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 1,36,102 | 1,253 |
| HNIs (2-10L) | 2,46,683 | 626 |
| RETAIL | 47,55,155 | 61,377 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 52.03 | 12,611.84 |
| RETAIL | 91.05 | 9,553.49 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0.63 | 4.15 | 4.09 |
| ROE | 0.74 | 5.13 | 5.44 |
| ROCE | 1.73 | 8.96 | 8.84 |
| RONW | 0.72 | 4.92 | 5.29 |
| PRE IPO (PE) | 0 | 54.39 | 0 |
| POST IPO (PE) | 105.25 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors from 16 HP to 110 HP and cranes with capacities of 9 to 30 tons at its Baddi, Himachal Pradesh facility, which spans 127,840 sq. meters and includes a captive foundry, machine shop, and assembly units, with annual capacities of 12,000 tractors and 1,280 cranes. To meet growing demand, it has acquired additional land to expand crane production by 3,600 units annually. Indo Farm exports to Nepal, Syria, Sudan, Bangladesh, Myanmar, and other countries, and employs 938 people as of June 30, 2024.
Strengths
- Integrated Operations: Captive foundry, machine shop, and assembly units ensure efficient, high-quality production.
- Diverse Product Portfolio: Wide range of tractors (16–110 HP) and pick-and-carry cranes (9–30 tons) catering to varied customer needs.
- Strategic Expansion: Additional industrial land to increase crane production by 3,600 units annually, supporting growth potential.
Risk factors
- Legal Proceedings: Ongoing cases involving the company, promoters, directors, and subsidiaries may impact operations if resolved unfavorably.
- Revenue Dependency: Heavy reliance on tractor and crane sales exposes the company to demand fluctuations and manufacturing disruptions.
- Regulatory Compliance: Inability to obtain or maintain statutory approvals could adversely affect operations and financial performance.
Promoters
Ranbir Singh Khadwalia
Sunita Saini
Registrar & documents
Lead manager
Aryaman Financial Services Limited
Registrar & contacts
Mas Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101
0172-2730060
[email protected]Company website ↗Understanding INDOFARM IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.