Indo Farm Equipment Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,050,000 (50%) | — | ₹13,008 Cr |
| NII (HNI) | — | 1,815,000 (15%) | — | ₹3,902 Cr |
| Retail | — | 4,235,000 (35%) | — | ₹9,105 Cr |
| Σ Total | — | 12,100,000 (100%) | — | ₹260,150 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹192,855 |
| S-HNI (Min) | 14 | 966 | ₹207,690 |
| B-HNI (Min) | 67 | 4,623 | ₹993,945 |
Financial Statements Amount in Crore
| Metric | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 76 | 376 | 372 |
| Profit After Tax | 2 | 16 | 15 |
| Net Worth | 342 | 317 | 290 |
| Total Assets | 644 | 648 | 623 |
| Total Borrowing | 245 | 271 | 281 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity –
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company –
- Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. –
- General Corporate Purposes –
Company Overview
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.
The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.
The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually.
The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.
They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.
As of June 30, 2024, They had 938 employees on payroll.
Competitive Strengths:
- Fully Integrated and established Manufacturing Setup
- Well Educated & Experienced Management
- In-House NBFC Setup
- Manufacturing Wide Range of Products
- Product acceptability in multiple countries and a wide variety of financial institutions