Indo Farm Equipment IPO
ListedMainboardOpens 31 December 2024Closes 2 January 2025
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.
Key ratios
As per RHP / filingsTimeline
IPO Opens
31 Dec 2024
IPO Closes
2 Jan 2025
Allotment
3 Jan 2025
Listing
7 Jan 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 31 December 2024 |
| IPO Close Date | 2 January 2025 |
| Allotment Date | 3 January 2025 |
| Listing Date | 7 January 2025 |
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.
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 |
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
Frequently Asked Questions
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Indo Farm Equipment IPO News & Updates
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Indo Farm Equipment IPO IPO Pages
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Indo Farm Equipment IPO Details
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Indo Farm Equipment IPO GMP
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Indo Farm Equipment IPO Subscription
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Indo Farm Equipment IPO Allotment
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Indo Farm Equipment IPO Review
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Sources
We match Indo Farm Equipment IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Mas Services LimitedOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.