Indo Farm IPO Description – Incorporated in 1994, Indo Farm Equipment is a more than 2 decade-old fully integrated manufacturer of world-class Tractors, Pick & Carry Cranes, and other farm equipment such as Harvester Combines, Rotavators, and other related spares & components.
The company’s manufacturing facilities are spread across 1,27,840 sq. meters. of Industrial lands at Baddi, Himachal Pradesh. Indo Farm Equipment production facilities can manufacture 12,000 Tractors, and 720 Pick and Carry Cranes yearly. The company currently manufactures Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 tons to 30 tons, as of 31 August 2023. The total sales for the last three financial years include 90% domestic and 10% export sales.
The company facilities are equipped with induction furnaces, pneumatic molding machines, an automatic molding line, a sand plant, a fully equipped Metallurgy and Sand Testing Laboratory, a Machining Center, a Gear Shop, a Press Shop, a Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room. The company products are marketed and distributed by more than 140 dealers from various states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan, etc, and has 886 employees on its payroll on a consolidated basis.
Promoters of Indo Farm Equipment – Ranbir Singh Khadwalia and Sunita Saini
Indo Farm Equipment IPO Details
| Indo Farm IPO Dates | Coming soon |
| Indo Farm Equipment IPO Price | Coming soon |
| Fresh issue | 1,05,00,000 shares |
| Offer For Sale | 35,00,000 shares |
| Total IPO size | 1,40,00,000 shares |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Indo Farm Equipment Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 267.78 | 352.08 | 370.76 |
| Expenses | 256.70 | 333.34 | 349.57 |
| Net income | 8.49 | 13.72 | 15.56 |
| Margin (%) | 3.17 | 3.90 | 4.20 |
Indo Farm Equipment Offer News
Indo Farm Equipment Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | FY 2024 (Post-Issue)* | |
| EPS | 2.26 | 3.65 | 4.14 | – |
| PE Ratio | – | – | – | – |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 3.25 | 4.99 | 5.36 |
| NAV | – | – | 77.38 |
| ROCE (%) | 6.61 | 7.77 | 8.66 |
| EBITDA (%) | 15.32 | 14.77 | 15.79 |
| Debt/Equity | 0.89 | 1.00 | 0.97 |
Indo Farm IPO GMP Today (Daily Trend)
Indo Farm IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up a new Dedicated Unit for the Expansion of the Pick & Carry Cranes Manufacturing Capacity – INR 60.61 crore
- Repayment or pre-payment, in full or part, of certain borrowings availed by the company – INR 60 crore
- Further Investment in the NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements – INR 45 crore
- General corporate purposes
Indo Farm IPO Subscription – Live Updates
Coming soon
Indo Farm Equipment – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Indo Farm Equipment | – | 4.14 | 5.36 | 77.38 | 370.76 |
| Escorts Kubota | 54.95 | 58.85 | 7.78 | 620.19 | 8,428.69 |
| Action Construction Equipment | 46.71 | 14.41 | 19.37 | 77.27 | 2,159.68 |
Indo Farm IPO Allotment Status
Indo Farm IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Indo Farm IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Indo Farm Equipment IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Indo Farm Equipment IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research –
BP Wealth –
Capital Market –
Canara Bank Securities –
Choice Broking –
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital –
Hem Securities –
ICICIdirect –
Indsec –
Jainam Broking –
DR Choksey –
LKP Research –
Marwadi Financial –
Systematix Shares –
Mehta Equities –
Nirmal Bang –
Reliance Securities –
Sushil Finance –
Samco Securities –
SBI Securities –
SMC Global –
SMIFS –
Swastika Investmart –
Ventura Securities –
Indo Farm Equipment Offer Lead Manager
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: [email protected]
Website:Â www.afsl.co.in
Indo Farm Equipment Offer Registrar
MAS SERVICES LIMITED
T-34 2nd floor, Okhla Industrial Area Phase II,
New Delhi 110020, India
Tel:Â 011-26387281-83
E-mail: [email protected]
Website:Â www.masserv.com
INDO FARM EQUIPMENT LIMITED
SCO 859 N.A.C Manimajra Kalka Road
Chandigarh 160101, India
Phone:Â 0172-2730060
Email: [email protected]
Website: www.indofarm.in
Indo Farm Equipment IPO FAQs
How many shares in Indo Farm IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for an Indo Farm Equipment Public Offer?
The best way to apply for Indo Farm Equipment public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Indo Farm IPO GMP today?
Indo Farm Equipment IPO GMP today is INR NA per share.
What is the Indo Farm Equipment kostak rate today?
Indo Farm Equipment kostak rate today is INR NA per application.
What is Indo Farm Equipment Subject to Sauda rate today?
Indo Farm Equipment Subject to Sauda rate today is INR NA per application.
