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Indo Farm Equipment IPO is a book built issue of 1.4 crore shares. The issue is a combination of fresh issue of 1.05 crore shares and offer for sale of 0.35 crore shares.
Indo Farm Equipment IPO dates are yet to be announced.
Indo Farm Equipment IPO price bands are yet to be announced.
Aryaman Financial Services Limited is the book running lead manager of the Indo Farm Equipment IPO, while Mas Services Limited is the registrar for the issue.
Refer to Indo Farm Equipment IPO DRHP for detailed information.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | 14,000,000 shares (aggregating up to ₹[.] Cr) |
| Fresh Issue | 10,500,000 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 3,500,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 37,551,600 |
| Share holding post issue | 48,051,600 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Ranbir Singh Khadwalia and Sunita Saini are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.86% |
Incorporated in 1994, Indo Farm Equipment Limited is engaging in the manufacturing of 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, and 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 720 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, 2023, They had 886 employees on payroll.
Competitive Strengths:
Indo Farm Equipment Limited's revenue increased by 5.45% and profit after tax (PAT) rose by 13.45% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 622.84 | 619.83 | 551.38 |
| Revenue | 371.82 | 352.61 | 268.59 |
| Profit After Tax | 15.56 | 13.72 | 8.49 |
| Net Worth | 290.57 | 274.80 | 261.25 |
| Total Borrowing | 280.65 | 275.00 | 234.78 |
| Amount in ₹ Crore | |||
KPI as of March 31, 2023.
| KPI | Values |
|---|---|
| ROE | 5.36% |
| ROCE | 8.66% |
| Debt/Equity | 0.97 |
| RoNW | 5.36% |
| PAT Margin (%) | 4.19 |
The Objects of the Net Fresh Issue is to raise funds for:
Indo Farm Equipment Limited
SCO 859,
NAC Manimajra Kalka Road,
Chandigarh 160101
Phone: 0172-2730060
Email: compliance@indofarm.in
Website: https://www.indofarm.in/
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
Indo Farm Equipment IPO is a main-board IPO of 14,000,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The Indo Farm Equipment IPO open and close dates are not available as of now.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indo Farm Equipment IPO using UPI as a payment gateway. Zerodha customers can apply in Indo Farm Equipment IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indo Farm Equipment IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indo Farm Equipment IPO dates are not announced. Please check back again after some time.
Indo Farm Equipment IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Indo Farm Equipment IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Indo Farm Equipment IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indo Farm Equipment IPO allotment status.
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