Indo Farm Equipment IPO
- IPO Date31 Dec, 2024 to 02 Jan, 2025
- Listing Date07 Jan, 2025
- Face Value₹10 per share
- Issue Price₹204 to ₹215 per share
- Lot Size69 Shares
- Minimum Investment₹14,835
- Listing AtBSE, NSE
- Total Issue Size1,21,00,000 Shares
(aggregating up to ₹260.15 Cr) - Fresh Issue86,00,000 Shares
(aggregating up to ₹184.90 Cr)
- Offer for Sale35,00,000 Shares
(aggregating up to ₹75.25 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue3,94,51,600
- Shareholding post issue4,80,51,600
IPO Dates
Closing Date
02 Jan, 2025
Initiation of Refunds
06 Jan, 2025
Listing Date
07 Jan, 2025
31 Dec, 2024
Opening Date
03 Jan, 2025
Basis of Allotment
06 Jan, 2025
Credit of Shares
Indo Farm Equipment Lot Size
Investors can bid for a minimum of 69 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 897 | ₹1,92,855 |
| S-HNI (Min) | 14 | 966 | ₹2,07,690 |
| S-HNI (Max) | 67 | 4623 | ₹9,93,945 |
| Retail (Min) | 1 | 69 | ₹14,835 |
| B-HNI (Min) | 68 | 4692 | ₹10,08,780 |
Indo Farm Equipment Promoter Holding
Ranbir Singh Khadwalia and Sunita Saini are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.45% | 69.44% |
Indo Farm Equipment COMPANY INFORMATION
Indo Farm Equipment IPO is a book built issue of Rs 260.15 crores. The issue is a combination of fresh issue of 0.86 crore shares aggregating to Rs 184.90 crores and offer for sale of 0.35 crore shares aggregating to Rs 75.25 crores. Indo Farm Equipment IPO opens for subscription on December 31, 2024 and closes on January 2, 2025. The allotment for the Indo Farm Equipment IPO is expected to be finalized on Friday, January 3, 2025. Indo Farm Equipment IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 7, 2025. Indo Farm Equipment IPO price band is set at ₹204 to ₹215 per share. The minimum lot size for an application is 69. The minimum amount of investment required by retail investors is ₹14,835. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,07,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,08,780. Aryaman Financial Services Limited is the book running lead manager of the Indo Farm Equipment IPO, while Mas Services Limited is the registrar for the issue. Refer to Indo Farm Equipment IPO RHP for detailed information.
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.
The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.
The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually.
The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.
They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.
As of June 30, 2024, They had 938 employees on payroll.
Competitive Strengths:
- Fully Integrated and established Manufacturing Setup
- Well Educated & Experienced Management
- In-House NBFC Setup
- Manufacturing Wide Range of Products
- Product acceptability in multiple countries and a wide variety of financial institutions
FAQs About Indo Farm Equipment Ipo
Indo Farm Equipment IPO will open on 31 Dec, 2024 and close on 02 Jan, 2025. Investors must apply within this period to participate.
The Indo Farm Equipment IPO price band is set between ₹204.00 and ₹215.00 per share. The minimum lot size is 69, requiring an investment of at least ₹14835.00.
The Indo Farm Equipment IPO shares are expected to be listed on 07 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Indo Farm Equipment IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Indo Farm Equipment IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.