Indo Farm Equipment IPO: The Indo Farm Equipment Ltd company is going for its initial public offer starting on 31 Dec, 2024 and this IPO can be applied before 2 Jan, 2025 through any registered stock broker of India.
With the help of this IPO the Indo Farm Equipment Ltd company aims to raise the funds of up to ₹260.15 Crores at the price band of ₹204 to ₹215 Per Share.
The Indo Farm Equipment IPO is going to be a book built issue and its face value is decided to be 10 rupees per equity share.
Moreover, this mainboard IPO will list of NSE and BSE both exchange of India.
Lets move forward to the detailed information related to Indo Farm Equipment IPO.
IPO Details
| IPO Date | October 10, 2024 to October 14, 2024 |
| Listing Date | October 17, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹77 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 29,18,400 shares (aggregating up to ₹22.47 Cr) |
| Fresh Issue | 29,18,400 shares (aggregating up to ₹ 22.47 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 80,91,750 shares |
| Share Holding Post Issue | 1,10,10,150 shares |
IPO Important Dates
| IPO Open Date | 10 Oct, 2024 |
| IPO Close Date | 10 Oct, 2024 |
| Basis of Allotment | 10 Oct, 2024 |
| Initiation of Refunds | 10 Oct, 2024 |
| Credit of Shares to Demat | 10 Oct, 2024 |
| Listing Date | 10 Oct, 2024 |
IPO Lot Size
| Application | Lots | Amount |
| Retail (Min) | 1 | ₹14,835 |
| Retail (Max) | 13 | ₹1,92,855 |
| S-HNI (Min) | 14 | ₹2,07,690 |
| B-HNI (Max) | 68 | ₹10,08,780 |
IPO Latest Valuation
| 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 |
About the Company
Indo Farm Equipment Limited was established in 1994 and was involved in producing tractors, pick-and-carry cranes, and various types of machinery used for harvesting crops. It has two main brands: Indo Farm and Indo Power.
They also sell their products, such as tractors and cranes, in countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar. They produce tractors ranging from 16 HP to 110 HP and pick & carry cranes from 9 to 30 tons.
They have a factory in Baddi, Himachal Pradesh, that covers 127,840 square meters and has a foundry, machine shop, and assembly units. Moreover, it can produce 12,000 tractors and 720 cranes each year.
They have built a reputation as a skilled manufacturer and also plan to expand operations and take business to the next level. Further, it also has unique strategies like experienced and qualified management, in-house NBFC setup, and a wide range of products manufactured.
Company Financials
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.
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹352.08 | ₹333.34 | ₹13.72 | ₹619.83 |
| 2023 | ₹371.82 | ₹349.57 | ₹13.72 | ₹622.84 |
| 2024 | ₹375.95 | ₹352.06 | ₹15.70 | ₹647.95 |
| June 2024 | ₹75.54 | ₹71.79 | ₹13.72 | ₹644.27 |
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. |
Contact Details
Capital Infra Trust
Unit No. 1401-1403, 14th Floor,
Tower B, SAS Tower,
Medicity, Sector-38-Gurugram-122001
Phone: +0124 4920139
Email: compliance@capitalinfratrust.com
Website: capitalinfratrust.com
Lead Managers aka Merchant Bankers
- Narnolia Financial Services Ltd
Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: compliances@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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IPO FAQs
X IPO is a X. The company is about to raise funds up to … crores with the price band of …..
The X IPO opens on Date and Day.
X IPO Lot size id 49, you have to bid for at least 49 shares.
The X IPO offer price band of …..
Basis of Allotment for X IPO will be done on Friday, January 10, 2025.
The IPO will list of NSE and BSE of 14 Jan, 2025.