Indo Farm Equipment IPO: Check IPO Date, Live Subscription and Key Details
The Indo Farm Equipment is a major manufacturer of world-class tractors, pick-and-carry cranes, and advanced farm equipment, which also includes the harvester combines, rotavators, and related parts.
Price Range
₹204.0 - 215.0
Issue Size
₹260.15 Cr
Lot Size
69 shares
IPO Type
Mainboard
GMP
₹76(+35.35%)
Est. Listing Price
₹291
Estimate Profit
₹5,244
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
2.04
P/E Ratio
105.25
RoNW
4.92%
ROE
5.13%
Debt to Equity
0.01
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Timeline
IPO Opens
31 Dec
IPO Closes
2 Jan
Allotment
3 Jan
Listing
7 Jan
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 31 December 2024 | Subscription starts |
| IPO Close Date | 2 January 2025 | Subscription ends |
| Allotment Date | 3 January 2025 | Allotment |
| Listing Date | 7 January 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,835 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,92,855 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,07,690 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,93,945 |
BHNIAbove ₹10,00,000 | 68 | ₹10,08,780 |
IPO Objectives
- 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
Strengths
- Manufacturing Excellence: Operates ISO 9001:2015 certified facilities in Baddi, Himachal Pradesh, spanning 1,27,840 sq. meters with a captive foundry, machine shop, and units for tractors and cranes.
- nancial Services: Established Barota Finance Limited, an NBFC offering in-house tractor financing solutions to customers.
- Global Reach: Exports to 23 countries, including Germany, UAE, and Nigeria, with an annual production capacity of 3,600 units.
Weaknesses
- Revenue Dependency: Heavy reliance on tractors and pick-carry cranes for revenue, making the company vulnerable to demand fluctuations or manufacturing disruptions.
- Regulatory Risks: Potential inability to secure or renew statutory licences and approvals could adversely affect business operations and financial stability.
- Supply Chain Challenges: Absence of long-term agreements with raw material suppliers risks cost increases or shortages, impacting supply chain and cost management.
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Financial Performance
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 644.27 | 647.95 | 622.84 | 619.83 |
| Revenue (₹ Cr.) | 75.54 | 375.95 | 371.82 | 352.52 |
| PAT (₹ Cr.) | 2.45 | 15.6 | 15.37 | 13.72 |
| Net Worth (₹ Cr.) | 342.25 | 317.06 | 290.37 | 274.8 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 8.1x | 11.96x | 242.4x |
| NII | 28.68x | 132.03x | 501.65x |
| S-HNI | 35.73x | 136.08x | 408.68x |
| B-HNI | 25.15x | 130x | 548.13x |
| RII | 18.82x | 46.07x | 101.64x |
| Total | 17.87x | 54.74x | 227.57x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 24,20,000 | 58,65,97,014 | 12,611.84 |
| NII | 18,15,000 | 91,04,91,501 | 19,575.57 |
| Small NII | 6,05,000 | 24,72,49,563 | 5,315.87 |
| Big NII | 12,10,000 | 66,32,41,938 | 14,259.7 |
| RII | 42,35,000 | 43,04,54,637 | 9,254.77 |
| Total | 84,70,000 | 1,92,75,43,152 | 41,442.18 |
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Company Details
- Indo Farm Equipment Limited
- SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101
- 0172-2730060
- compliance@indofarm.in
- https://www.indofarm.in/
Registrar Details
- Mas Services Limited
- (011) 2610 4142
- ipo@masserv.com
- https://www.masserv.com/opt.asp
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