Indo Farm Equipment
Mainboard₹14,835 / 69 Shares
Indo Farm Equipment IPO Details
The Indo Farm Equipment IPO price band is set between ₹204-215 per equity share, with a face value of ₹10 per share. The issue is managed by Mas Services Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 31 Dec, 2024 and closes on 2 Jan, 2025. Investors can check the allotment status on 3 Jan, 2025, while the listing date is tentatively scheduled for 7 Jan, 2025.
The total issue size is Total ₹260.15 Cr :#Fresh Issue : 86,00,000 shares, aggregating up to ₹184.90 Cr. Stay tuned for the latest Indo Farm Equipment IPO review and GMP updates.
Indo Farm Equipment IPO Review, Rating & Analysis
Indo Farm Equipment IPO Review
NO REVIEWIndo Farm Equipment IPO Rating
Indo Farm Equipment IPO Highlights
IPO Date
Dec 31, 2024 - Jan 2, 2025
Listing Date
7 Jan, 2025
Face Value
₹10 Per Equity Share
Price Band
₹204-215 per equity share
Lot Size
69 Shares
Fresh Issue
86,00,000 Shares
Offer for Sale
35,00,000 shares of ₹10
Listing At
BSE, NSE
Indo Farm Equipment IPO Lot Size
The minimum market lot for Indo Farm Equipment IPO is 69 shares with an application amount of ₹14,835. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| 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 | 4623 | ₹9,93,945 |
| B-HNI (Min) | 68 | 4692 | ₹10,08,780 |
Indo Farm Equipment IPO Timeline
Issue Price
₹204-215 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Mas Services LimitedLead Manager
Aryaman Financial Services LimitedIssue Size
Total ₹260.15 Cr :#Fresh Issue : 86,00,000 shares(aggregating up to ₹184.90 Cr) +
#OFS : 35,00,000 shares of ₹10(aggregating up to ₹75.25 Cr)
Indo Farm Equipment IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 647.95 | 375.95 | 15.6 | 317.06 | - | 270.54 |
| 31 Mar 23 | 622.84 | 371.82 | 15.37 | 290.37 | - | 280.65 |
| 31 Mar 22 | 619.83 | 352.61 | 13.72 | 274.8 | - | 275 |
All values are in ₹ Cr.
Indo Farm Equipment IPO Valuations
EPS Pre IPO
3.95EPS Post IPO
2.04PE Pre IPO
54.39PE Post IPO
105.25ROE
5.13%ROCE
8.96%Debt Equity
0.85RoNW
4.92%PAT Margin
4.16Price to Book Value
2.55Promoters & Share Holding
Promoter(s) Name
- Ranbir Singh Khadwalia
- Sunita Saini
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 93.45% | 69.44% |
About Company
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.
Products of the company are marketed under the brand names of Indo Farm and Indo Power catering to the home market besides international markets. Indo has an exporting network that touches base with the countries of Nepal, Syria, Sudan, Bangladesh, Kenya, Germany, UAE, among others.
Indo Farm has a world-class manufacturing facility covering 127,840 sq. mtrs. at Baddi, Himachal Pradesh. As of August 31, 2023, this facility has an annual production of 12,000 tractors (16 HP-110 HP) and 720 pick-and-carry cranes, 9 tons to 30 tons.
Indo Farm Equipment is the epitome of quality and innovation leading to agricultural and industrial growth everywhere in the world.
Indo Farm Equipment IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 24,20,000 | 18,15,000 12,10,000 6,05,000 | 42,35,000 | N/A |
Day 1 -31-12-24 05:00 PM | 8.10 x | 28.57 25.15 x 35.41 x | 18.55 x | N/A x |
Day 2 -01-01-25 05:00 PM | 11.96 x | 131.84 130.00 x 135.51 x | 45.76 x | N/A x |
Day 3 -02-01-25 05:00 PM | 242.40 x | 501.65 548.13 x 408.67 x | 101.64 x | N/A x |
Retail:76.12x
BHNI:108.62x
SHNI:390.01x times
Company Contact Details
Indo Farm Equipment
SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101Registrar Contact Details
Mas Services Limited
Frequently Asked Questions about Indo Farm Equipment IPO
When will Indo Farm Equipment IPO open for subscription?
The Indo Farm Equipment IPO opens on 31 Dec, 2024 and closes on 2 Jan, 2025.
What is the investors portion for Indo Farm Equipment IPO?
The investors' portion for QIB is 242.40 x, NII is 548.13 x, and Retail is 101.64 x.
How to apply for Indo Farm Equipment IPO?
You can apply for Indo Farm Equipment IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Indo Farm Equipment IPO?
The issue size of Indo Farm Equipment IPO is approx ₹Total ₹260.15 Cr :#Fresh Issue : 86,00,000 shares(aggregating up to ₹184.90 Cr) +#OFS : 35,00,000 shares of ₹10(aggregating up to ₹75.25 Cr) crores.
What is the price band of Indo Farm Equipment IPO?
The price band for Indo Farm Equipment IPO is ₹204 to ₹215 per equity share.
What is the lot size of Indo Farm Equipment IPO?
The minimum bid (lot size) for Indo Farm Equipment IPO is N/A shares with an investment of approx ₹14,835 .
What is the allotment date of Indo Farm Equipment IPO?
The allotment date for Indo Farm Equipment IPO is 3 Jan, 2025.
What is the listing date of Indo Farm Equipment IPO?
The listing date for Indo Farm Equipment IPO is expected to be 7 Jan, 2025.
What is the GMP of Indo Farm Equipment IPO?
The latest Grey Market Premium (GMP) for Indo Farm Equipment IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.