Indo Farm Equipment Limited IPO: Comprehensive Details and Insights

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Indo Farm Equipment Limited IPO: Comprehensive Details and Insights

Indo Farm Equipment IPO is a book built issue of Rs 260.15 crores.

December 30th, 2024 IPO

Indo Farm Equipment Limited is set to launch its Initial Public Offering (IPO), aiming to raise funds for expansion and operational growth. Here’s everything you need to know about the Indo Farm Equipment IPO:

IPO Details

IPO Date: December 31, 2024, to January 2, 2025
Listing Date: January 7, 2025
Face Value: ₹10 per share
Price Band: ₹204 to ₹215 per share
Lot Size: 69 shares
Total Issue Size: 1,21,00,000 shares (₹260.15 Cr)
- Fresh Issue: 86,00,000 shares (₹184.90 Cr)
- Offer for Sale: 35,00,000 shares (₹75.25 Cr)
Issue Type: Book Built Issue IPO
Listing At: BSE, NSE

IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of Net Issue
Retail	Not less than 35% of Net Issue
NII (HNI)	Not less than 15% of Net Issue

IPO Timeline

IPO Open Date: December 31, 2024
IPO Close Date: January 2, 2025
Basis of Allotment: January 3, 2025
Initiation of Refunds: January 6, 2025
Credit of Shares to Demat: January 6, 2025
Listing Date: January 7, 2025
Cut-off Time for UPI Mandate Confirmation: 5 PM on January 2, 2025

Lot Size and Investment Details

Application	Lots	Shares	Amount
Retail (Min)	1	69	₹14,835
Retail (Max)	13	897	₹1,92,855
S-HNI (Min)	14	966	₹2,07,690
S-HNI (Max)	67	4,623	₹9,93,945
B-HNI (Min)	68	4,692	₹10,08,780

Promoter Holding

Promoters: Ranbir Singh Khadwalia and Sunita Saini
Pre-Issue Holding: 93.45%
Post-Issue Holding: 69.44%

Company Overview

Indo Farm Equipment Limited, incorporated in 1994, is engaged in manufacturing tractors, pick & carry cranes, and other harvesting equipment. The company operates under two brands, Indo Farm and Indo Power, exporting products to Nepal, Syria, Sudan, Bangladesh, Myanmar, and more.

Facilities and Capacity:

Located in Baddi, Himachal Pradesh, spanning 127,840 sq. meters.
Manufacturing capacity: 12,000 tractors and 1,280 pick & carry cranes annually.
Expanding with a new unit to increase crane manufacturing by 3,600 units per year.

Competitive Strengths

Fully integrated manufacturing setup
Experienced management team
Wide range of products
In-house NBFC setup
Established presence in multiple countries

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
Profit After Tax (₹ Cr)	2.45	15.60	15.37	13.72
Net Worth (₹ Cr)	342.25	317.06	290.37	274.80
Total Borrowing (₹ Cr)	245.36	270.54	280.65	275.00

Key Performance Indicators (KPI):

Market Capitalization: ₹1,033.11 Cr
ROE: 5.13%
ROCE: 8.96%
Debt/Equity: 0.01
RoNW: 4.92%
PAT Margin: 4.16%
Price to Book Value: 2.55

Objects of the Issue

Setting up a dedicated unit for expanding Pick & Carry Crane manufacturing capacity.
Repayment or pre-payment of certain borrowings.
Further investment in the NBFC subsidiary, Barota Finance Ltd., for capital base augmentation.
General corporate purposes.