Indo Farm Equipment manufactures world class tractor, pick & carry cranes and other farm eqiupments, such as Harvester Combines, Rotavatorss, and other related spares & components. Its products are sold domestically as well as exported to other countries, such as Nepal, Syria, Sudan, Bangladesh, Myanmar, Kuwait, Jordan, Gabon, Chile, Yemen, Uruguay, Ghana, Nigeria, Ethiopia, Mauritius, Afghanistan, Mexico, Kenya, Uganda, UAE, Malaysia and Germany etc.
Indo Farm Equipment IPO open date is December 31, 2024 and the IPO will close on January 2, 2025. The company to raise around ₹260.15 crores via IPO that comprises fresh issue of ₹184.90 crores and offer for sale up to 3,500,000 equity shares with face value of ₹10 each. Indo Farm Equipment IPO price band is ₹204 to ₹215 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Indo Farm Equipment IPO to list on NSE on January 7, 2025. The allotment of Indo Farm Equipment IPO date is January 3, 2025. The company reported revenue of ₹375.95 crores in 2024 against ₹371.82 crore in 2023. The company reported profit of ₹15.60 crores in 2024 against profit of ₹15.37 crores in 2023.
Indo Farm Equipment IPO Details
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹204 to ₹215 Per Share |
| Issue Size: | Approx ₹260.15 Crores, 1,21,00,000 Equity Share |
| Fresh Issue: | Approx ₹184.90 Crores, 86,00,000 Equity Share |
| Offer for Sale: | Approx 35,00,000 Equity Shares |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Indo Farm Equipment IPO Timeline
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.
| IPO Open Date: | December 31, 2024 |
| IPO Close Date: | January 2, 2025 |
| Basis of Allotment: | January 3, 2025 |
| Refunds: | January 6, 2025 |
| Credit to Demat Account: | January 6, 2025 |
| IPO Listing Date: | January 7, 2025 |
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.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 69 | ₹14,835 |
| Retail Maximum | 13 | 897 | ₹1,92,855 |
| S-HNI Minimum | 14 | 966 | ₹2,07,690 |
| B-HNI Minimum | 68 | 4,692 | ₹10,08,780 |
Indo Farm Equipment Limited: A Deep Dive into Financial Performance
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 |
