Indo Farm Equipment IPO Date, Review, Price, Allotment Details

Indo Farm Equipment IPO Details

Indo Farm Equipment IPO Market Lot

The Indo Farm Equipment IPO minimum market lot is 69 shares with ₹14,835 application amount. The retail investors can apply up-to 13 lots with 897 shares or ₹1,92,855 amount.

Indo Farm Equipment IPO Dates

The Indo Farm Equipment IPO date is December 31 and the close date is December, 2024. The Indo Farm Equipment IPO allotment will be finalized on January 3 and the IPO listing on January 7.

Promoters of Indo Farm Equipment IPO

The promoters of the company are Ranbir Singh Khadwalia and Sunita Saini.

About Indo Farm Equipment IPO

Indo Farm Equipment Limited was established in 1994 and was involved in producing tractors, pick-and-carry cranes, and various types of machinery used for harvesting crops. It has two main brands: Indo Farm and Indo Power. They also sell their products, such as tractors and cranes, in countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar. They produce tractors ranging from 16 HP to 110 HP and pick & carry cranes from 9 to 30 tons. They have a factory in Baddi, Himachal Pradesh, that covers 127,840 square meters and has a foundry, machine shop, and assembly units. Moreover, it can produce 12,000 tractors and 720 cranes each year. They have built a reputation as a skilled manufacturer and also plan to expand operations and take business to the next level. Further, it also has unique strategies like experienced and qualified management, in-house NBFC setup, and a wide range of products manufactured.

Indo Farm Equipment IPO Company Financial Report

The company reported revenue of ₹370.76 crores in 2023 against ₹352.08 crore in 2022. The company reported profit of ₹15.56 crores in 2023 against profit of ₹13.72 crores in 2022.

Amount ₹ in Crores

Indo Farm Equipment IPO Valuation – FY2024

Check Indo Farm Equipment IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity
• Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
• Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
• General Corporate Purposes

Indo Farm Equipment IPO Review

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Indo Farm Equipment IPO Registrar

Mas Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: https://www.masserv.com/opt.asp

IPO Lead Managers aka Merchant Bankers

• Aryaman Financial Services Limited

Company Address

Indo Farm Equipment Limited
SCO 859,
NAC Manimajra Kalka Road,
Chandigarh 160101
Phone: 0172-2730060
Email: [email protected]
Website: https://www.indofarm.in/

Indo Farm Equipment IPO FAQs