Indo Farm Equipment IPO GMP Today, Indo Farm Equipment IPO Grey Market Premium Updates | Indo Farm Equipment IPO, Latest target, Opening gain
Indo Farm Equipment IPO began on – Dec 31, 2024. It will close on – Jan 2, 2025. The Total IPO Size is ₹260.15 Crore Approx. The company set its IPO price is ₹204 to ₹215 per share Per Share. There are three basic categories in Indo Farm Equipment IPO Subscription:- 1) Qualified Institutional Buyers. 2) Non-Institutional Investors. 3) Retail.
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.
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.
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.
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 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.
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
As of June 30, 2024, They had 938 employees on payroll
Indo Farm Equipment IPO Details:
| Issuer | Indo Farm Equipment IPO | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: – Dec 31, 2024 | |
| Issue Closes: – Jan 02, 2025 | ||
| Price Brand | ₹204 to ₹215 per share | |
| Issue Size | ₹260.15 Cr | |
| Face Value | ₹10 per share | |
| Market Lot | 69 Shares | |
| Retail (Max) | ₹1,92,855 | |
| QIB | 50% | |
| HNI | 15% | |
| Retail Individual Bidders | 35% | |
| Listing at | NSE & BSE | |
| ✔️ Apply With | ANGEL Free DEMAT Account | |
| Total Shares | Shares 1,21,00,000 | |
Indo Farm Equipment IPO GMP Rates day by day
Indo Farm Equipment IPO Market Lot:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | ₹14,835 |
| Retail (Max) | 13 | 897 | ₹1,92,855 |
| S-HNI (Min) | 14 | 966 | ₹2,07,690 |
| S-HNI (Max) | 67 | 4,623 | ₹9,93,945 |
| B-HNI (Min) | 68 | 4,692 | ₹10,08,780 |
Indo Farm Equipment IPO Date, Allotment & Listing:
| Indo Farm Equipment IPO Opening Date: | December 31, 2024 |
| Indo Farm Equipment IPO Closing Date: | December 02, 2025 |
| Basis of Allotment: | December 03, 2025 |
| Initiation of Refunds: | December 06, 2025 |
| Credit to Demat Account: | December 06, 2025 |
| Listing Date: | December 07, 2025 |
Indo Farm Equipment Limited Financial Information (Restated)
Indo Farm Equipment Limited’s revenue increased by 1% and profit after tax (PAT) rose by 1% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 644.27 | 647.95 | 622.84 | 619.83 | ||||||||||||||||||||||||||||||||||||
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
The market capitalization of Indo Farm Equipment IPO is Rs 1033.11 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| Debt/Equity | 0.01 |
| RoNW | 4.92% |
| PAT Margin | 4.16 |
| Price to Book Value | 2.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.95 | 2.04 |
| P/E (x) | 54.39 | 105.25 |
Objects of the Issue (Indo Farm Equipment IPO Objectives)
The Objects of the Net Fresh Issue is to raise funds for:
- 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 ALLOTMENT STATUS
How to Apply for Indo Farm Equipment IPO?
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How to Apply Indo Farm Equipment IPO through Zerodha?
Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Indo Farm Equipment”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.
How to Apply Indo Farm Equipment IPO through Upstox?
Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Indo Farm Equipment”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.
PARENT COMPANY FOR SHAREHOLDER QUOTA
IPO ALLOTMENT TIPS & TRICKS
Frequently Asked Questions
What is Indo Farm Equipment IPO?
Indo Farm Equipment IPO is a main-board initial public offering of 1,21,00,000 Equity shares of the face value of ₹10 aggregating up to ₹260.15 Crores. The issue price of the IPO is ₹204 to ₹215 Per Equity Share. The minimum order quantity is 69 Shares per application and the offer type is Book Built Issue. The IPO opens on –Dec 31, 2024 and closes on –Jan 02, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indo Farm Equipment IPO opens on –Dec 31, 2024 and closes on –Jan 02, 2025.
How to apply for Indo Farm Equipment IPO?
You can apply in Indo Farm Equipment IPO online using either UPI or ASBA as payment method. 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.
When Indo Farm Equipment IPO allotment?
The finalization of Basis of Allotment for Indo Farm Equipment IPO will be done on –Jan 03, 2025, and the allotted shares will be credited to your demat account by –Jan 06, 2025.
Check the Indo Farm Equipment IPO allotment status.
When is Indo Farm Equipment IPO listing date?
The Indo Farm Equipment IPO listing date is not yet announced. The tentative date of Indo Farm Equipment IPO listing is – Jan 07, 2025.
What is the lot size of Indo Farm Equipment IPO?
Indo Farm Equipment lot size is 69 Shares and the minimum order quantity is 1 Share.