Indo Farm Equipment Ltd IPO
Open Demat Account
Indo Farm Equipment Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 121 L | ₹ 35 L | ₹ 42.35 L | ₹ 368.68 L | BSE | ₹ 260.15 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 31 Dec, 24 | 02 Jan, 25 | 69 | ₹ 14,076 | Book Building | 07 Jan, 25 |
Indo Farm Equipment Ltd IPO Dates
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 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Indo Farm Equipment Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 375.23 | 370.76 | 352.08 |
| EBITDA | 41.90 | 35.56 | 31.33 |
| PAT | 13.54 | 12.17 | 9.58 |
| Total Assets | 290.16 | 251.60 | 261.63 |
| Share Capital | 37.55 | 18.78 | 18.78 |
| Total Borrowings | 172.47 | 178.05 | 184.43 |
| Operating Activities (Net Cash) | 23.79 | 20.92 | 18.46 |
| Investing Activities (Net Cash) | 15.04 | 12.03 | -1.45 |
| Financing Activities (Net Cash) | 172.47 | 178.05 | 184.43 |
| Net Cashflow | 12.85 | 2.27 | 1.60 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
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.
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.
Peer Comparison:
- Escorts Kubota Ltd
- Action Construction Equipment Ltd
Indo Farm Equipment Ltd IPO 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.
- Fully Integrated and established Manufacturing Setup.
- Well educated and experienced management.
- In-house NBFC Setup.
- Manufacturing Wide Range of Products.
How To Apply for Indo Farm Equipment Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
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.
