Indo Farm Equipment IPO

223.24x

subscribed

Indo Farm Equipment IPO

Agriculture
listed
₹14,076Min. investment
  1. Pre-apply
    30 Dec
  2. Bid start
    31 Dec
  3. Bid end
    2 Jan
  4. Allotment
    3 Jan
  5. Release of funds
    6 Jan
  6. Demat transfer
    6 Jan
  7. Listing
    7 Jan

About Indo Farm Equipment

SectorAgriculture
Price range₹204 – ₹215
IPO type
Regular
Lot size69 shares
Issue size₹260Cr
Red Herring Prospectus
Read

Market Cap

₹1,033CrHigher than sector avg

Revenue

Apr 2023 - Mar 2024
₹375.23CrLower than sector avg

Growth rate

3Y CAGR
3.23%

Checklist

Quality analysis

Revenue growth
Company valuation
Earnings expansion

Risk analysis

Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue

Higher revenue means strong sales and good market demand
This IPO
₹375.23Cr
This sector
₹431.2Cr
Compare with companies

PAT

Higher PAT means strong profitability and efficient cost management
This IPO
₹15.59Cr
This sector
₹36.02Cr
Compare with companies

Market cap

Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹1,033Cr
This sector
₹614Cr
Compare with companies

P/E ratio

Lower ratio usually means stock is undervalued
This IPO
51.80
This sector
118.62
Compare with companies

D/E ratio

Lower ratio usually means fewer liabilities
This IPO
0.61
This sector
0.34
Compare with companies
Objectives
Business expansion
The company will use ₹71.1 crore from IPO proceeds to expand its crane manufacturing capacity.
Investments in subsidiaries
₹45 crore will be invested in the NBFC subsidiary (Barota Finance) to strengthen its capital base.
Loan repayment
Around ₹50 crore will be used to repay or prepay certain outstanding borrowings of the company.

About Indo Farm Equipment IPO

Indo Farm Equipment, founded in 1994, manufactures tractors, cranes, and other farm equipment. With a strong domestic presence, the company generates 93% of sales from India and exports 7%. Its products cater to agriculture, infrastructure, and industrial sectors. In 2017, it launched Barota Finance for tractor financing. The company has ISO-certified facilities in Himachal Pradesh and a production capacity of 12,000 tractors and 1,280 cranes annually. It is launching an IPO worth ₹260.15 crore for expansion.

IPO Subscription Status
Date
QIB
NII
Retail
Total
31-Dec-24
8.1X
28.3X
18.71X
17.73X
01-Jan-25
11.96X
130.16X
45.86X
54.24X
02-Jan-25
242.34X
490.49X
97.8X
223.24X

Latest News on IPO

news logo
The last mainboard IPO to float in the capital market for 2024 is Indo Farm Equipment Ltd, a tractor and allied equipment maker which will open for subscription from December 31, 2024, to January 02, 2025. Here's Indo Farm Equipment’s peer-to-peer comparison in the listed space.

5 min read

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Indo Farm Equipment IPO, with a price band of ₹204-₹215 per equity share, is a mix of fresh issuance worth ₹184.9 crore and an offer for sale of ₹75.25 crore.

3 min read

news logo
Indo Farm Equipment IPO GMP today: The initial public offering (IPO) of Indo Farm Equipment is set to open for subscription next week on Tuesday, 31 December, and will remain so until Thursday, 2 January.The ₹260.15 crore IPO of Indo Farm Equipment is a combination of fresh share sale of 0.86 crore shares aggregating to ₹184.80 crore and an offer for sale of 0.35 crore shares worth ₹75.25 cr.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Indo Farm Equipment IPO ?

The issue size of the Indo Farm Equipment IPO is 260 Cr.

What is 'pre-apply' for Indo Farm Equipment IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Indo Farm Equipment IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.