Market News
Indo Farm Equipment Share Price Highlights: Stock settles 7.6% higher after listing at 19% premium
.png)
5 min read | Updated on January 07, 2025, 15:36 IST
SUMMARY
Indo Farm Equipment Share Price: Shares of Indo Farm Equipment debuted on the National Stock Exchange at a premium of 19.07% at ₹256 over the issue price of ₹215 apiece.
Indo Farm Equipment is involved in manufacturing tractors, farm equipment, and pick and carry cranes.
Indo Farm Equipment manufactures tractors, pick and carry cranes and other farm equipment.
The company sells its products under its own brand names, with approximately 93% of sales coming from domestic markets and the remaining 7% from export sales.
- Tractors
- Rotary tiller
- Harvester
- Cranes
- Traded volume: 214.51 lakh
- Traded value: ₹593.99 crore
- Total market cap: ₹1,333.14 crore
- Current price: ₹278.6 (+8.83%)
- Issue price: ₹215
- Open: ₹256
- High: ₹287
- Low: ₹256
The fresh issue proceeds will be used for business expansion, including setting up a dedicated plant to expand its pick-and-carry crane manufacturing capacity, investing in a subsidiary, loan repayment, and corporate general purposes.
- RS Khadwalia, Chief Managing Director
- Anshul Khadwalia, Joint Managing Director
- Shubham Khadwalia, Executive Vice President – Sales & Marketing (ced)
- Diksha Khadwalia, Executive Vice President – International Business
- Current price: ₹271.6 (+6.09%)
- Issue price: ₹215
- Open: ₹256
- High: ₹286.71
- Low: ₹256
Aryaman Financial Services Ltd was the book-running lead manager, while Mas Services Ltd was the registrar for the issue.
- Subscription period: December 31 to January 2
- Allotment: January 4
- Refund: January 6
- Demat transfer: January 6
- Listing: January 7
| Particulars | FY22 | FY23 | FY24 | Q1FY25 |
|---|---|---|---|---|
| Revenue | ₹352.08 cr | ₹370.75 cr | ₹375.23 cr | ₹74.95 cr |
| Net Profit | ₹13.72 cr | ₹15.37 cr | ₹15.59 cr | ₹2.45 cr |
For retail investors, the minimum lot size was 69 shares, requiring an investment of ₹14,835.
The issue had a price band of ₹204-₹215 per share.
The ₹260.15 crore initial public offer was subscribed 229.68 times, as bids for 194.53 crore equity shares were received compared to the 84.70 lakh shares reserved.
The non-institutional investors led the demand, subscribing their portion 503.83 times. The qualified institutional investors (QIBs) part was booked 242.40 times, while retail investors mopped up 104.92 times the subscription.
Indo Farm Equipment IPO listing date and time
Shares of Indo Farm Equipment will be listed on the NSE and the BSE on Tuesday, January 7 at 10 am.
The company is involved in manufacturing tractors, farm equipment, and pick and carry cranes.
About The Author
Next Story
