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Indo Farm Equipment IPO
223.24xsubscribed

Indo Farm Equipment IPO

Agriculture
listed
₹14,076Min. investment

Indo Farm Equipment IPO Details

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
RevenueApr 2023 - Mar 2024
₹375.23CrLower than sector avg
Growth rate3Y CAGR
3.23%

Indo Farm Equipment IPO Subscription Status

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

As on 31-Dec-24, 5:50 PM

Indo Farm Equipment IPO Timeline

  1. Pre-apply
    30 Dec 2024
  2. Bid start
    31 Dec 2024
  3. Bid end
    2 Jan 2025
  4. Allotment
    3 Jan 2025
  5. Release of funds
    6 Jan 2025
  6. Demat transfer
    6 Jan 2025
  7. Listing
    7 Jan 2025

About Indo Farm Equipment

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.

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

Objectives of Indo Farm Equipment IPO

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.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹375.23Cr3.23%₹15.59Cr₹1,033Cr51.800.61
This sector (avg.)₹459.44Cr---₹41.49Cr₹706.44Cr75.040.31
₹18,298.01Cr---₹2,199.36Cr₹11,995.88Cr10.620.28
₹1,204.97Cr---₹282.28Cr₹4,762.34Cr15.850
₹1,561.03Cr---₹88.31Cr₹3,248.7Cr26.730.24

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Indo Farm Equipment IPO Contact Details

Company NameIndo Farm Equipment

How to apply for Indo Farm Equipment IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Indo Farm Equipment IPO FAQs

Investors can apply for the Indo Farm Equipment IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Indo Farm Equipment IPO is 260 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
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.
Indo Farm Equipment IPO will be open between 2024-12-31 and 2025-01-02.
Indo Farm Equipment IPO allotment date is 2025-01-06. For Indo Farm Equipment IPO allotment status check, you can visit the website of the registrar of the IPO.
For Indo Farm Equipment IPO, the IPO registrar is MAS Services Limited. You can check Indo Farm Equipment IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Indo Farm Equipment IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Indo Farm Equipment IPO lot size is 69 and minimum order quantity is 69.
Indo Farm Equipment IPO has set the price band for its IPO at 215 per equity share with a face value of 10.