INDO FARM EQUIPMWENT LIMITED
Price Band
₹ 204 - ₹ 215
Bid Lot
69 Shares
INDO FARM EQUIPMWENT LIMITED
31-Dec-2024 - 02-Jan-2025
Price Band
₹ 204 - ₹ 215
Minimum Investment
₹ 14835.00
Bid Lot
69 Shares
Shares
12,100,000
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Face Value - Rs. 10/- Per Share
- Lisitng at NSE BSE
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61,376 Application Required in Retail for 1 Time.
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Registrar :
MAS Services Limited
IPO Details
Fresh Issue of upto 86,00,000 Equity Shares+ Offer for Sale of upto 35,00,000 Equity Shares
QIB
50%
(6,050,000 Shares)RS.130.08 CR
HNI 1
5%
(605,000 Shares)RS.13.01 CR @ 626 FORM 1X
HNI 2
10%
(1,210,000 Shares)RS.26.02 CR @ 1253 FORM 1X
Retail
35%
(4,235,000 Shares)RS.91.05 CR @ 61377 FORM 1X
BRLMs: Aryaman Financial Services Ltd
Timeline
-
31
Dec-2024
Open Date
-
02
Jan-2025
Close Date
-
03
Jan-2025
Basis of Allotment Date
-
06
Jan-2025
Initiation of Refunds
-
06
Jan-2025
Credit of Shares to Demat A/C
-
07
Jan-2025
IPO Listing Date
Subscription as on 02-Jan-2025 16:07
Category
Book Size
Subscription
QIB
242.40x
2,420,000
(₹52.03 Cr.)
586,597,014
(₹12611.84 Cr.)
HNI (<10 LAKH)
404.96x
605,000
(₹13.01 Cr.)
245,002,578
(₹5267.56 Cr.)
HNI2 (>10 LAKH)
548.13x
1,210,000
(₹26.02 Cr.)
663,241,938
(₹14259.70 Cr.)
RETAIL
98.43x
4,235,000
(₹91.05 Cr.)
416,837,763
(₹8962.01 Cr.)
Total
225.70x
8,470,000
1,911,679,293
Category
Book Size
Subscription
QIB
242.40x
2,420,000
(₹52.03 Cr.)
586,597,014
(₹12611.84 Cr.)
HNI (<10 LAKH)
404.96x
605,000
(₹13.01 Cr.)
245,002,578
(₹5267.56 Cr.)
HNI2 (>10 LAKH)
548.13x
1,210,000
(₹26.02 Cr.)
663,241,938
(₹14259.70 Cr.)
RETAIL
98.43x
4,235,000
(₹91.05 Cr.)
416,837,763
(₹8962.01 Cr.)
Total
225.70x
8,470,000
1,911,679,293
*Excluding Anchor
Total No. of Application Approx : ~5212969 (84.93 Appwise)
HNI Cost
About Company
-
The Company was originally incorporated as “Welcut Tools Pvt. Ltd” on October 05, 1994, at Chandigarh. The Company was converted into Public Limited Company on June 29, 1999. Subsequently the name was changed to “Indo Farm Equipment Ltd”, on October 24, 2009.
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The company is a fully integrated established manufacturer of Tractors & Pick & Carry Cranes, with ancillary manufacturing of other farm equipment such as Harvester Combines, Rotavators and other related spares and components.
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The company’s ISO 9001:2015 certified manufacturing facilities are spread across 1,27,840 sq. mtrs. at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors and Pick & Carry Cranes.
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The company manufactures Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 tons to 30 tons. As on September 30, 2024, the company has the capacity to manufacture 12,000 Tractors p.a. & 1,280 Pick & Carry Cranes p.a. Further, the company plans to increase the capacity of Pick & Carry Cranes by an additional 3,600 units p.a.
-
The company also operates asset financing business through its wholly owned subsidiary “Barota Finance Ltd”, which is an RBI registered NBFC.
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As on June 30, 2024, the NBFC has a total Loan Book (Vehicle Finance) of ? 127.16 Cr and served over 5,900 active customers. The NBFC’s Gross and Net NPA as on June 30, 2024, were 4.13% and 3.00% respectively.
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The company’s products are marketed and distributed by 175 dealers across various states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan etc.
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Currently, exports contribute to ~ 7% of the company’s Total Sales. The company has a presence in 38+ countries, and plans to increase penetration of Tractors in select export markets and Pick & Carry Cranes in SAARC Countries namely Nepal, Bhutan, Maldives, Afghanistan, Bangladesh, Sri Lanka etc.
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The company has a consistent profitable track record over. The company’s Total Income for the period ended June 30, 2024, and FY 2024, was ? 75.54 Cr, ? 375.95 Cr, respectively, the Profit After Tax was ? 2.45 Cr, ? 15.60 Cr, respectively. The EBIDTA was ? 12.66 Cr, ? 62.52 Cr, respectively with EBIDTA margin at 16.75%, 16.63%, respectively.
Strengths
Competitive Strength
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Fully Integrated and established Manufacturing Setup
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Well Educated & Experienced Management
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In-House NBFC Setup
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Manufacturing Wide Range of Products
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Product acceptability in multiple countries and wide variety of financial institutions
Business Strategies
-
Augment capital base for scaling and expanding the operations
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Reduce Debt Levels and improve Debt to Equity Ratio
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Focus on the niche market of Pick and Carry Cranes
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Augment the Dealer Network and Sales Force
Company Promoters
Company Financials
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 | ||||||||||||||||||||||||||||||||||||||||
Objects of the Issue
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
How to Apply
Apply for IPO in few simple steps.
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Step 1
Once you create your account, Login to Easy Investing.
-
Step 2
Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
-
Step 3
Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
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Step 4
Enter your UPI ID and you will receive mandate on your UPI App.
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Step 5
Once you accept the mandate, Application is submitted successful.
The Bidding Process
- Applying for an IPO is easier than ever with Easy Investing, in just a few clicks your application is processed. You can bid for any IPO through Easy Investing, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
- If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
- The maximum subscription amount for retail investors is 2 lakh.
- Any bid can be at a desired price or cut off price given by the company.
How to bid on App?
- Enter the number of shares you wish to buy, as per the lot size.
- You can apply at the cut off price set by the company or bid for a desired amount within the price band.
- Maximum three bids will be accepted.
- You then need to enter the UPI ID on Easy Investing’s IPO application form.
Investing using UPI
- You will immediately get a fund blocked request on your UPI for the submitted IPO application.
- The funds will be blocked in your bank account until allotment when it is debited.
- The limit for IPO application is Rs 2 lakh per transaction on UPI.
- On allotment of the shares, the money will be automatically debited.
- If the share aren’t allotted the blocked funds will reflect back into your account.
FAQs
Frequently Ask Question