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Indo Farm Equipment Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Indo Farm Equipment Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹215
Per ShareLot Size
69 Shares
Minimum Investment
₹14,835
Issue Size
₹260.15 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
IPO Opens31 Dec
IPO Closes2 Jan
Basis of Allotment3 Jan
Refund Initiation6 Jan
Shares Credited6 Jan
Indo Farm Equipment Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.45%
Promoter Holding (Post-Issue)
69.44%
Issue Type
Book Building
ISIN
INE622H01018
About the Company
Incorporated in 1994, our Company, Indo Farm Equipment Limited is a more than two decade old fully integrated established manufacturer of Tractors & Pick & Carry Cranes, with ancillary manufacturing of other farm equipments such as Harvester Combines, Rotavators and other related spares and components, which do not materially contribute to our total revenue of the company. As of Fiscal 2024, our business is broadly classified into Tractors 52.16%, Pick & Carry Cranes 47.77%, and Others 0.07%, representing the respective percentage contributions to our total revenue from sale of products. We also operate asset financing business (with focus on retail financing of tractors) through our wholly owned subsidiary named as "Barota Finance Limited", which is a RBI registered NBFC.
Industry Overview
The global tractor market is projected to grow from USD 84.80 billion in 2024 to USD 114.5 billion by 2029, at a CAGR of 5.90% during the forecast period. Tractor has been one of the most essential machineries in mechanising the agriculture activities globally. Globally the mobile crane market size is anticipated to grow from USD 21.10 billion in 2024 to USD 29.10 billion by 2029, at a CAGR of 6.65% during the forecast period. The global agriculture equipment market is projected to grow from USD 180.81 billion in 2023 to USD 296.61 billion by 2030, at a CAGR of 7.3% during the forecast period. *This Industry Report dated August 16, 2024 is prepared by the agency, B2K Analytics Private Limited (B2K Analytics) which is commissioned and paid-for by the Issuer Company, exclusively for the purpose of this Issue. We officially engaged B2K Analytics in connection with the preparation of the above mentioned Report pursuant to the engagement letter dated August 06, 2024.
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Consolidated figures
Revenue
Amount in ₹ crore
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 12,100,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Indo Farm Equipment Limited (The "Company" or The "Issuer") for cash at a price of Rs. 215 per equity share, aggregating to Rs. 260.15 croress ("The Offer") comprising of a fresh issue of up to 8,600,000 equity shares aggregating to Rs. 184.90 croress (The "Fresh Issue") and an offer for sale of up to 3,500,000 equity shares by Ranbir Singh Khadwalia ("The Promoter Selling Shareholder") aggregating to Rs. 75.25 crores ("offer for sale"). The offer will constitute 25.18% of the fully diluted post offer paid-up equity share capital of the company. Further, the company, in consultation with the brlm, has undertaken pre-ipo placement of 1,900,000 equity shares of Rs. 10/- each at the rate of Rs. 185/- per share aggregating to Rs. 35.15 crores accordingly, the size of the fresh issue has been reduced from 10,500,000 equity shares to 8,600,000 equity shares of face value of Rs. 10 each. The relevant investors that have subscribed to the equity shares pursuant to the pre-ipo placements have, prior to the allotment of equity shares, been informed that there is no guarantee that the offer may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Fully Integrated and established Manufacturing Setup.
- Well educated and experienced management.
Frequently Asked Questions
01What is the minimum investment required to apply for this IPO?
The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.
02How is IPO allotment decided?
IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.