Indo Farm Equipment Limited IPO is opening on 31 December 2024 and closing on 2 January 2025. This mainboard IPO is raising ₹260.15 crore from a mix of fresh issue of 86 lakh shares amounting to ₹ 184.90 crore and offer for sale (OFS) of 35 lakh shares amounting to ₹ 75.25 crore.
The Indo Farm Equipment IPO allotment date will be finalized on Friday, 3 January 2025. Indo Farm Equipment shares will be probably listed on NSE and BSE on Tuesday, 7 January 2025.
Indo Farm Equipment IPO’s price band has been set at ₹ 204 to ₹ 215 per share with a minimum ipo lot size of 69 shares per application, which makes the minimum investment of retail investors to be ₹14835. Coming to the sNII, they have to buy at least 14 lots, which equals 966 shares aggregating to ₹ 207690 and the bNIIs have to subscribe to at least 68 lots, which means 4692 shares amounting to ₹ 1008780.
Here Are the Quick Steps to Apply for the Indo Farm Equipment IPO with the Best IPO App!
Indo Farm Equipment NSE BSE IPO Details
| Detail | Information |
| IPO Opening Date | December 31, 2024 |
| IPO Closing Date | January 2, 2025 |
| Tentative IPO Listing Date | January 7, 2025 |
| Face Value | ₹10 per share |
| Price Range | ₹204 to ₹ 215 per share |
| Lot Size | 69 shares |
| Total Issue Size | 12100000 shares (₹260.15 Cr) |
| Fresh Issue | 8600000 shares (₹184.90 Cr) |
| OFS | 3500000 shares (₹75.25 Cr.) |
| IPO Segment | Book Built Issue |
| Listing At | NSE BSE |
| Share Holding Pre-Issue | 39451600 shares |
| Share Holding Post-Issue | 48051600 shares |
Indo Farm Equipment Limited | Company Overview
Indo Farm Equipment Limited was started back in 1994 and in these three decades, it has earned recognition in the manufacturing sector. It specializes in tractor manufacturing, pick and carry cranes, and other equipment required for harvesting and the agriculture sector.
There are two brands of the company–
- Indo Farm
- Indo Power
The countries to which Indo Farm Equipment exports its products include –
- Syria
- Nepal
- Myanmar
- Sudan
- Bangladesh
- Others
Product range
- Tractors – 16 HP to 110 HP
- Pick & Carry Cranes – 9 to 30 tons
The firm has manufacturing units in Baddi, Himachal Pradesh which has an area of 127840 square meters. It includes a foundry, assembly units, and a machine shop.
Current Annual Capacity
- Tractors – 12000 units
- Pick & Carry Cranes – 1280 units
Future Prospects
The company is aiming to start a new manufacturing unit for Pick & Carry Cranes, which can produce up to 3600 units annually. For this additional industrial land near the present manufacturing units has already been acquired.
Indo Farm Equipment Limited IPO | Key Details
- Indo Farm Equipment IPO Opening Date: December 31, 2024,
- Indo Farm Equipment IPO Closing Date: January 2, 2025.
- Allotment Date: January 3, 2025
- Price Band: ₹204 to ₹215 per share
- Lot Size: 69 shares
- Refunds Initiated: January 6, 2025
- Shares Credited to Demat: January 6, 2025
- Listing Date: January 7, 2025
Indo Farm Equipment Ltd: Financial Overview
Indo Farm Equipment Limited saw a rise in its profit (PAT) though by a very tiny margin of 1.5% while its revenue increased also around 1.11%. They brought the total borrowing down which is a plus.
Here are the details of the financials of the firm –
Amounts in ₹ Crore
| Financial Information | FY24 | FY23 | Absolute Change | Change (%) |
| Assets | 647.95 | 622.84 | 25.11 | 4.03 |
| Revenue | 375.95 | 371.82 | 4.13 | 1.11 |
| Profit After Tax | 15.6 | 15.37 | 0.23 | 1.50 |
| Net Worth | 317.06 | 290.37 | 26.69 | 9.19 |
| Total Borrowing | 270.54 | 280.65 | -10.11 | -3.60 |
FAQs | Indo Farm Equipment Ltd IPO
Indo Farm Equipment Ltd is engaged in manufacturing tractors, pick & carry cranes, and other equipment required in harvesting.
The tentative IPO listing date of Indo Farm Equipment has been fixed as Tuesday, January 7, 2025.
The bidding date for the Indo Farm Equipment IPO is December 31, 2024, and it will continue until January 2, 2025.
The minimum IPO lot size for Indo Farm Equipment is 69 shares. The sNIIs have to buy at least 14 lots and bNIIs 68 lots.
The IPO allotment is expected to be finalized on Friday, January 3, 2025.
The IPO face value is set at ₹10 per share.
______________________________________________________________________________________
Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.