Indo Farm Equipment Limited
Dec 31, 2024 - Jan 2, 2025
Indo Farm Equipment Limited IPO Details
Status
listed
Issue Price
₹204.00 - ₹215.00
Lot Size
69 Shares
Subscription
227.67 times
Listing Price
₹256 (19.07%)
Face Value
₹10 Per share
Issue Size
Approx ₹260.15 Cr
Fresh Issue
Approx ₹184.9 Cr
Total Shares Offered
Approx ₹75.25 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Mas Services Limited
NSE Code
INDOFARM
BSE Code
544328
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹4.15
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
4.92%
Net Asset Value (NAV)
₹86.75
Promoters
Pre issue Share Holding
93.45%
Post issue Share Holding
69.44%
Company Promoters
- Ranbir Singh Khadwalia
- Sunita Saini
Lead Managers
Aryaman Financial Services Limited
Live Subscription
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Dec 31, 2024 | 8.1 | 28.68 | 25.15 | 35.73 | 18.82 | 17.87 |
| Jan 1, 2025 | 11.96 | 132.03 | 130 | 136.08 | 46.07 | 54.74 |
| Jan 2, 2025 | 242.4 | 501.75 | 548.13 | 408.98 | 101.79 | 227.67 |
Lot Size
| 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 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 36,30,000 (30%) | NA |
| QIB Shares Offered | 24,20,000 (20%) | NA |
| NII (HNI) Shares Offered | 18,15,000 (15%) | - |
| bNII > ₹10L | 12,10,000 (10%) | 1,252 |
| sNII < ₹10L | 6,05,000 (5%) | 626 |
| Retail Shares Offered | 42,35,000 (35%) | 61,376 |
| Total Shares Offered | 1,21,00,000 (100%) | - |
Company Financial
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 644.27 | 647.95 | 622.84 | 619.83 |
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 |
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 |
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 |
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 |
About Company
They produce tractors ranging from 16 HP to 110 HP and pick-and-carry cranes with capacities from 9 to 30 tons. Their facility in Baddi, Himachal Pradesh, covers 127,840 square meters and includes a foundry, machine shop, and assembly units. The company can produce 12,000 tractors and 1,280 cranes annually.
To increase capacity, they have acquired additional industrial land near their current facility to build a new crane manufacturing unit, aiming to produce an extra 3,600 units annually.
As of June 30, 2024, the company employed 938 people.
Key strengths include:
- A fully integrated and established manufacturing setup.
- An experienced and well-qualified management team.
- An in-house NBFC (Non-Banking Financial Company).
- A wide range of products.
- Strong acceptance of their products in multiple countries and financial institutions.
Company Contact
sco 859,nac manimajra kalka road,chandigarh 160101
Phone: 0172-2730060
Email: compliance@indofarm.in
Website: https://www.indofarm.in/