IPO - Check IPO Date, Price, Lot Size

Indo Farm Equipment Ltd IPO

Incorporated in 1994, our Company, Indo Farm Equipment Limited is a more than two decade old fully integrated established manufacturer of Tractors & Pick & Carry Cranes, with ancillary manufacturing of other farm equipments such as Harvester Combines, Rotavators and other related spares and components, which do not materially contribute to our total revenue of the company. As of Fiscal 2024, our business is broadly classified into Tractors 52.16%, Pick & Carry Cranes 47.77%, and Others 0.07%, representing the respective percentage contributions to our total revenue from sale of products. We also operate asset financing business (with focus on retail financing of tractors) through our wholly owned subsidiary named as Barota Finance Limited, which is a RBI registered NBFC.

Indo Farm Equipment Ltd IPO Details

Total Shares Offered

₹ 1,21,00,000

Offer to Public

35,00,000

Retail Max (Shares)

₹ 42,35,000

Pre Issue Promoters Holding

₹ 3,68,67,640

Exchange

BSE

Issue size

₹ 260.15 Cr

IPO Open Date

Dec 31, 2024

Close Date

Jan 2, 2025

Lot Size

Min Investment

₹ 14,076

Issue Type

Book Building

Listing Date

Jan 7, 2025

Indo Farm Equipment Ltd IPO Dates

Dec 31, 2024

Opening date

Jan 2, 2025

Closing date

Jan 3, 2025

Basis of Allotment

Jan 6, 2025

Initiation of Refunds

Jan 6, 2025

Credit of Shares

Jan 7, 2025

Listing date

Details

Sector	Type
Sector	Automobiles - Tractors
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	96.96x	6050000	586597014
NII	503.83x	1815000	914444304
Retail	104.92x	4235000	444348201
Employee	0x	0	0
Total	160.78x	12100000	1945389519

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

96.96x

503.83x

104.92x

160.78x

6050000

1815000

4235000

12100000

586597014

914444304

444348201

1945389519

Indo Farm Equipment Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	387.19	375.23	370.76
EBITDA	46.48	41.90	35.56
PAT	22.61	13.54	12.17
Total Assets	379.70	300.62	251.60
Share Capital	48.05	37.55	18.78
Total Borrowings	105.46	184.06	178.05
Operating Activities (Net Cash)	33.38	23.79	20.92
Investing Activities (Net Cash)	55.99	15.04	12.03
Financing Activities (Net Cash)	105.46	184.06	178.05
Net Cashflow	72.75	12.85	2.27

About Indo Farm Equipment Ltd

Our Company Indo Farm Equipment Limited, was originally incorporated as Welcut Tools Private Limited on October 05, 1994 at Chandigarh as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P. & Chandigarh. Further, our Company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of our Company in their meeting held on June 29, 1999. There were multiple name changes of our Company between 1994 to 2009. Last name change of our Company was happened vide special resolution passed by the shareholders of our Company in their meeting dated October 24, 2009. We obtained a fresh Certificate of Incorporation on November 04, 2009 by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh

The global tractor market is projected to grow from USD 84.80 billion in 2024 to USD 114.5 billion by 2029, at a CAGR of 5.90% during the forecast period. Tractor has been one of the most essential machineries in mechanising the agriculture activities globally. Globally the mobile crane market size is anticipated to grow from USD 21.10 billion in 2024 to USD 29.10 billion by 2029, at a CAGR of 6.65% during the forecast period. The global agriculture equipment market is projected to grow from USD 180.81 billion in 2023 to USD 296.61 billion by 2030, at a CAGR of 7.3% during the forecast period. *This Industry Report dated August 16, 2024 is prepared by the agency, B2K Analytics Private Limited (B2K Analytics) which is commissioned and paid-for by the Issuer Company, exclusively for the purpose of this Issue. We officially engaged B2K Analytics in connection with the preparation of the above mentioned Report pursuant to the engagement letter dated August 06, 2024.

Peer Comparison:

Escorts Kubota Ltd
Action Construction Equipment Ltd

Indo Farm Equipment Ltd Key Points

Strengths

Fully Integrated and established Manufacturing Setup.

Well educated and experienced management.

In-house NBFC Setup.

Manufacturing Wide Range of Products.

Risk

The company derives a significant portion of its revenue from the sale of tractors (approximately 52.16%) & Pick & Carry cranes (Approximately 47.77%) during the Fiscal 2024 and any reduction in demand or in the manufacturing of such products could have an adverse effect on its business, results of operations and financial condition.

If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operates its business, it may have a material adverse effect on the company's business, results of operations and financial condition.

The company proposed expansion plans w.r.t its new manufacturing facilities being set up are subject to the risk of unanticipated delays in implementation and cost overruns.

Strategy

Augment capital base for scaling and expanding our operations.

Reduce Debt Levels and improve Debt to Equity Ratio.

Focus on the niche market of Pick and Carry Cranes.

Augment our Dealer Network and Sales Force.

How To Apply for Indo Farm Equipment Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Indo Farm Equipment Ltd IPO?

Indo Farm Equipment Ltd's IPO offers shares for up to 184.9 It begins on Dec 31, 2024 and ends on Jan 2, 2025.

What is the price of the Indo Farm Equipment Ltd IPO?

The price of Indo Farm Equipment Ltd IPO ranges between ₹204 to ₹215 per share.

What are the open and close dates for the Indo Farm Equipment Ltd IPO?

The Indo Farm Equipment Ltd IPO opens on Dec 31, 2024 and closes on Jan 2, 2025.

When will the Indo Farm Equipment Ltd IPO be allotted?

The allotment for the Indo Farm Equipment Ltd IPO will be finalised on Jan 3, 2025. The shares will be listed on BSE and NSE on Jan 7, 2025.

What is the minimum lot size required for Indo Farm Equipment Ltd IPO?

The minimum lot size for Indo Farm Equipment Ltd IPO is 69 shares, priced between ₹204 to ₹215 per share.

What is the GMP of Indo Farm Equipment Ltd IPO?

The GMP (Grey Market Premium) of Indo Farm Equipment Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Indo Farm Equipment Ltd IPO?

To check the allotment status of Indo Farm Equipment Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Indo Farm Equipment Ltd IPO getting listed?

The Indo Farm Equipment Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 31, 2024, and closes on Jan 2, 2025. The allotment is finalised on Jan 3, 2025.

How do you apply for the Indo Farm Equipment Ltd IPO?

To apply for the Indo Farm Equipment Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.