Indo Farm IPO Review | Indo Farm IPO Subscription |
Indo Farm Equipment IPO Shatters Records with 227 Times Subscription | Indo Farm IPO Allotment |
Indo Farm IPO Listing Tomorrow |
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.
Promoters of Indo Farm Equipment – Ranbir Singh Khadwalia, and Sunita Saini
Table of Contents
Indo Farm Equipment IPO Details
Indo Farm IPO Dates | 31 Dec 2024 – 2 Jan 2025 |
Indo Farm Equipment IPO Price | INR 204 – 215 per share |
Fresh issue | 86,00,000 shares (INR 175.44 – 184.90 crore) |
Offer For Sale | 35,00,000 shares (INR 71.40 – 75.25 crore) |
Total IPO size | 1,21,00,000 shares (INR 246.84 – 260.15 crore) |
Minimum bid (lot size) | 69 shares (INR 14,835) |
Face Value | INR 10 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
Indo Farm Equipment Financial Performance
 | FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 |
Revenue | 352.08 | 370.76 | 375.23 | 74.96 |
Expenses | 333.34 | 349.57 | 352.06 | 71.79 |
Net income | 13.72 | 15.37 | 15.60 | 2.45 |
Margin (%) | 3.90 | 4.15 | 4.16 | 3.27 |
Indo Farm Equipment Offer News
- Indo Farm Equipment RHP
- Indo Farm Equipment DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Indo Farm Equipment Valuations & Margins
FY 2022 | FY 2023 | FY 2024 (Pre-Issue) | FY 2024 (Post-Issue)* | |
EPS | 3.65 | 4.09 | 4.15 | 3.25 |
PE Ratio | – | – | 49.16 – 51.81 | 62.77 – 66.15 |
FY 2022 | FY 2023 | FY 2024 | |
RONW (%) | 4.99 | 5.29 | 4.92 |
NAV | 146.36 | 154.65 | 84.43 |
ROCE (%) | 7.96 | 8.84 | 8.96 |
EBITDA (%) | 14.79 | 15.84 | 16.66 |
Debt/Equity | 1.00 | 0.97 | 0.85 |
Indo Farm IPO GMP Today (Daily Trend)
Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
6 January 2025 | 95 | – | 5,000 |
4 January 2025 | 92 | – | 4,500 |
3 January 2025 | 92 | – | 4,500 |
2 January 2025 | 87 | – | 4,300 |
1 January 2025 | 83 | – | 4,000 |
31 December 2024 | 80 | – | 4,000 |
30 December 2024 | 78 | – | 3,900 |
28 December 2024 | 77 | – | 3,900 |
27 December 2024 | 73 | – | 3,600 |
26 December 2024 | 50 | – | 2,000 |
25 December 2024 | 22 | – | 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
Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
Indo Farm Equipment | 66.15 | 4.15 | 4.92 | 84.43 | 375.23 |
Escorts Kubota | 36.79 | 92.64 | 11.44 | 830.43 | 8,849.62 |
Action Construction | 47.42 | 27.56 | 30.78 | 103.28 | 2,913.80 |
Indo Farm IPO Dates & Listing Performance
IPO Opening Date | 31 December 2024 |
IPO Closing Date | 2 January 2025 |
Finalization of Basis of Allotment | 3 January 2025 |
Initiation of refunds | 6 January 2025 |
Transfer of shares to demat accounts | 6 January 2025 |
Indo Farm Equipment IPO Listing Date | 7 January 2025 |
Opening Price on NSE | INR 256 per share (up 19.07%) |
Closing Price on NSE | INR 273.69 per share (up 27.30%) |
Indo Farm Equipment IPO Reviews – Subscribe or Avoid?
Angel One –
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Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – Avoid
Canara Bank Securities – Subscribe
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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:Â [email protected]
Website:Â 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:Â 011-26387281-83
E-mail: [email protected]
Website:Â www.masserv.com
Indo Farm Equipment Contact Details
INDO FARM EQUIPMENT LIMITED
SCO 859 N.A.C Manimajra Kalka Road
Chandigarh 160101, India
Phone:Â 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.