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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹260.15 Cr |
| Fresh Issue | ₹184.90 Cr |
| Offer for Sale | ₹75.25 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹204.00-215.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544328 |
| NSE Code | INDOFARM |
| Registrar | MAS Services Ltd. |
| Lead Managers | Aryaman Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 69 shares and in multiples thereof
Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.
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 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.
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.
As of June 30, 2024, They had 938 employees on payroll.
Competitive Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up new Dedicated Unit for Expansion of the Pick & Carry Cranes Manufacturing Capacity | 71.13 |
| 2 | Repayment or pre-payment, in full or part, of certain borrowings availed by the Company | 50.00 |
| 3 | Further Investment in our NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. | 45.00 |
| 4 | General Corporate Purposes | 2.99 |
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 644.27 | 647.95 | 622.84 | 619.83 |
| Total Income | 75.54 | 375.95 | 371.82 | 352.52 |
| Profit After Tax | 2.45 | 15.60 | 15.37 | 13.72 |
| NET Worth | 342.25 | 317.06 | 290.37 | 274.80 |
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275.00 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| Debt / Equity | 0.85% |
| RoNW | 4.92% |
| PAT Margin | 4.16% |
| Price to Book Value | 2.55 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.95 | 2.04 |
| P/E (x) | 54.39 | 105.25 |
| Promoter Holding | 93.45% | 69.44% |
| Market Cap | ₹1033.11 Cr. | |
