Indo Farm Equipment IPO – The highly anticipated Indo Farm Equipment IPO is set to open on December 31, 2024, and will close on January 2, 2025. This Book Built Issue aims to raise approximately ₹260.15 crores, with a fresh issue of ₹184.90 crores and an offer for sale of up to 3,500,000 equity shares, each with a face value of ₹10.
With a price band of ₹204 to ₹215 per share, the Indo Farm Equipment IPO offers a retail quota of 35%, QIB at 50%, and HNI at 15%. Investors can expect the IPO to list on the NSE on January 7, 2025, with the allotment date set for January 3, 2025.
In terms of financial performance, the company reported revenue of ₹375.95 crores in 2024, a slight increase from ₹371.82 crores in 2023. Similarly, profits saw a modest rise to ₹15.60 crores in 2024, up from ₹15.37 crores in 2023. Based on these figures, potential investors are advised to consider the Indo Farm Equipment IPO as a long-term investment opportunity.
Indo Farm Equipment IPO Details
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹204 to ₹215 Per Share |
| Issue Size: | Approx ₹260.15 Crores, 1,21,00,000 Equity Share |
| Fresh Issue: | Approx ₹184.90 Crores, 86,00,000 Equity Share |
| Offer for Sale: | Approx 35,00,000 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | NA |
Indo Farm Equipment IPO Market Lot
The Indo Farm Equipment IPO offers a minimum market lot of 69 shares, requiring an application amount of ₹14,835. Retail investors have the opportunity to apply for up to 13 lots, totaling 897 shares or ₹1,92,855 in value.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 69 | ₹14,835 |
| Retail Maximum | 13 | 897 | ₹1,92,855 |
| S-HNI Minimum | 14 | 966 | ₹2,07,690 |
| B-HNI Minimum | 68 | 4,692 | ₹10,08,780 |
Indo Farm Equipment IPO Dates
The Indo Farm Equipment IPO is scheduled to open on December 31, 2024, and close on the same day. The allotment of shares will be finalized on January 3, with the IPO listing set for January 7.
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Basis of Allotment: | January 3, 2025 |
| Refunds: | January 6, 2025 |
| Credit to Demat Account: | January 6, 2025 |
| IPO Listing Date: | January 7, 2025 |
Promoters of Indo Farm Equipment IPO
The promoters of the company are Ranbir Singh Khadwalia and Sunita Saini.
About Indo Farm Equipment IPO
Indo Farm Equipment Limited, established in 1994, specializes in the production of tractors, pick-and-carry cranes, and various agricultural machinery. The company boasts two prominent brands: Indo Farm and Indo Power. Their products, including tractors and cranes, are distributed in countries such as Nepal, Syria, Sudan, Bangladesh, and Myanmar.
Indo Farm Equipment Limited offers a wide range of tractors, from 16 HP to 110 HP, and pick & carry cranes ranging from 9 to 30 tons. Their state-of-the-art factory in Baddi, Himachal Pradesh, spans 127,840 square meters and houses a foundry, machine shop, and assembly units. With a production capacity of 12,000 tractors and 720 cranes annually, the company has solidified its reputation as a skilled manufacturer.
Looking towards the future, Indo Farm Equipment Limited is focused on expanding operations and elevating their business to new heights. Their success can be attributed to unique strategies, such as a team of experienced and qualified management, an in-house NBFC setup, and a diverse range of high-quality products.
Indo Farm Equipment IPO Company Financial Report
The company reported revenue of ₹370.76 crores in 2023 against ₹352.08 crore in 2022. The company reported profit of ₹15.56 crores in 2023 against profit of ₹13.72 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹352.08 | ₹333.34 | ₹13.72 | ₹619.83 |
| 2023 | ₹371.82 | ₹349.57 | ₹15.37 | ₹622.84 |
| 2024 | ₹375.95 | ₹352.06 | ₹15.60 | ₹647.95 |
| June 2024 | ₹75.54 | ₹71.79 | ₹2.45 | ₹644.27 |
Indo Farm Equipment IPO Valuation – FY2024
Check Indo Farm Equipment IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 5.13% |
| ROCE: | 8.96% |
| EBITDA Margin: | 16.66% |
| PAT Margin: | NA |
| Debt to equity ratio: | 0.97 |
| Earning Per Share (EPS): | ₹4.15 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.92% |
| Net Asset Value (NAV): | ₹86.75 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Escorts Kubota Limited | 58.85 | 54.95 | 7.78% | 620.19 | 84,286.90 Cr. |
| Action Construction Equipment Limited |
14.41 | 46.71 | 19.37% | 77.27 | 21,596.75 Cr. |
Objects of the Issue
- Establishing a new Dedicated Unit to expand the manufacturing capacity of Pick & Carry Cranes.
- Repayment or prepayment, in full or in part, of certain borrowings obtained by the Company.
- Additional investment in the NBFC Subsidiary (Barota Finance Ltd.) to enhance its capital base and meet future capital needs.
- For general corporate purposes.
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