Indo Farm IPO GMP, Price, Date, Allotment

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Indo Farm IPO GMP

Indo Farm IPO Description – Incorporated in 1994, Indo Farm Equipment is a more than 2 decade-old fully integrated manufacturer of world-class Tractors, Pick & Carry Cranes, and other farm equipment such as Harvester Combines, Rotavators, and other related spares & components.

The company’s manufacturing facilities are spread across 1,27,840 sq. meters. of Industrial lands at Baddi, Himachal Pradesh. Indo Farm Equipment production facilities can manufacture 12,000 Tractors, and 1,280 Pick and Carry Cranes yearly. The company currently manufactures Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 tons to 30 tons, as of 30 September 2024. The total sales for the last three financial years include 90% domestic and 10% export sales.

The company facilities are equipped with induction furnaces, pneumatic molding machines, an automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, a Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room. The company products are marketed and distributed by more than 175 dealers from various states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan, etc, and has 938 employees on its payroll on a consolidated basis.

Indo Farm IPO Subscription

Promoters of Indo Farm Equipment – Ranbir Singh Khadwalia, and Sunita Saini

Indo Farm Equipment IPO Details

Indo Farm IPO Dates31 Dec 2024 – 2 Jan 2025
Indo Farm Equipment IPO PriceINR 204 – 215 per share
Fresh issue86,00,000 shares (INR 175.44 – 184.90 crore)
Offer For Sale35,00,000 shares (INR 71.40 – 75.25 crore)
Total IPO size1,21,00,000 shares (INR 246.84 – 260.15 crore)
Minimum bid (lot size)69 shares (INR 14,835)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE, BSE

Indo Farm Equipment Financial Performance

 FY 2022FY 2023FY 2024Q1 FY 2025
Revenue352.08370.76375.2374.96
Expenses333.34349.57352.0671.79
Net income13.7215.3715.602.45
Margin (%)3.904.154.163.27
Figures in INR Crores unless specified otherwise

Indo Farm Equipment Offer News

Indo Farm Equipment Valuations & Margins

FY 2022FY 2023FY 2024 (Pre-Issue)FY 2024 (Post-Issue)*
EPS3.654.094.153.25
PE Ratio––49.16 – 51.81 62.77 – 66.15
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2022FY 2023FY 2024
RONW (%)4.995.294.92
NAV146.36154.6584.43
ROCE (%)7.968.848.96
EBITDA (%)14.7915.8416.66
Debt/Equity1.000.970.85
*Compiled by IPO Central from Prospectus

Indo Farm IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
6 January 202595–5,000
4 January 202592–4,500
3 January 202592–4,500
2 January 202587–4,300
1 January 202583–4,000
31 December 202480–4,000
30 December 202478–3,900
28 December 202477–3,900
27 December 202473–3,600
26 December 202450–2,000
25 December 202422–700

Indo Farm IPO Objectives

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  • Setting up a new Dedicated Unit for the Expansion of the Pick & Carry Cranes Manufacturing Capacity – INR 70.07 crore
  • Repayment or pre-payment, in full or part, of certain borrowings availed by the company – INR 50 crore
  • Further Investment in the NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements – INR 45 crore
  • General corporate purposes

Indo Farm Equipment – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Indo Farm Equipment66.154.154.9284.43375.23
Escorts Kubota36.7992.6411.44830.438,849.62
Action Construction47.4227.5630.78103.282,913.80

Indo Farm IPO Dates & Listing Performance

IPO Opening Date31 December 2024
IPO Closing Date2 January 2025
Finalization of Basis of Allotment3 January 2025
Initiation of refunds6 January 2025
Transfer of shares to demat accounts6 January 2025
Indo Farm Equipment IPO Listing Date7 January 2025
Opening Price on NSEINR 256 per share (up 19.07%)
Closing Price on NSEINR 273.69 per share (up 27.30%)

Indo Farm Equipment IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi – Subscribe for long term
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Avoid
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Avoid
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities –
ICICIdirect –
Indsec – Subscribe
Jainam Broking – Subscribe for listing gain
DR Choksey –
LKP Research –
Marwadi Financial –
Systematix Shares –
Mehta Equities –
Nirmal Bang –
Reliance Securities – Subscribe
Sushil Finance –
Samco Securities – Not rated
SBI Securities – Subscribe for long term
SMC Global – 2/5
SMIFS –
Swastika Investmart –
Ventura Securities – Subscribe

Indo Farm Equipment Offer Lead Manager

ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: [email protected]
Website: www.afsl.co.in

Indo Farm Equipment Offer Registrar

MAS SERVICES LIMITED
T-34 2nd floor, Okhla Industrial Area Phase II,
New Delhi 110020, India
Tel: 011-26387281-83
E-mail: [email protected]
Website: www.masserv.com

Indo Farm Equipment Contact Details

INDO FARM EQUIPMENT LIMITED
SCO 859 N.A.C Manimajra Kalka Road
Chandigarh 160101, India
Phone: 0172-2730060
Email: [email protected]
Website: www.indofarm.in

Indo Farm Equipment IPO FAQs

How many shares in Indo Farm IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for an Indo Farm Equipment Public Offer?

The best way to apply for Indo Farm Equipment public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Indo Farm IPO GMP today?

Indo Farm Equipment IPO GMP today is INR 95 per share.

What is the Indo Farm Equipment kostak rate today?

Indo Farm Equipment kostak rate today is INR NA per application.

What is Indo Farm Equipment Subject to Sauda rate today?

Indo Farm Equipment Subject to Sauda rate today is INR 5,000 per application.

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