Indo Farm Equipment Ltd IPO

Indo Farm Equipment Ltd IPO

Automobile

mainboard

Bidding period

31 Dec 2024 - 02 Jan 2025

Bid price

₹215.00 - ₹215.00

Listing on

BSE, NSE

Listing date

07 Jan 2025

Lot size

69 shares

Issue size

₹260.15 crore


Minimum investment

₹14,835.00 / 1 lot

Maximum investment

₹1,92,855.00 / 13 lot

Bidding closed on 02 Jan 2025

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Indo Farm Equipment Ltd IPO dates

IPO opening date

31 Dec 2024

IPO end date

02 Jan 2025

Allotment date

03 Jan 2025

Initiation of refunds

06 Jan 2025

Credit of shares to demat

06 Jan 2025

IPO listing date

07 Jan 2025

Indo Farm Equipment Ltd IPO financials

Particulars

For the period ending in March 2024 (in ₹ million)

Total assets ₹647.95
Total liabilities ₹647.95
Total expenditure ₹352.06
Total revenue ₹375.95
Profit after tax ₹15.60
EBITDA ₹62.52
Adjusted EBITDA ₹0.00

Indo Farm Equipment Ltd shareholder pattern

Pre-issue Post-issue
Promoter group 93.45 69.44
Public group 6.55 30.56

Indo Farm Equipment Ltd strengths and risks

Information currently unavailable

  • Fully Integrated and established Manufacturing Setup.

  • Well educated and experienced management.

  • In-house NBFC Setup.

  • Manufacturing Wide Range of Products.

  • The company derives a significant portion of its revenue from the sale of tractors (approximately 52.16%) & Pick & Carry cranes (Approximately 47.77%) during the Fiscal 2024 and any reduction in demand or in the manufacturing of such products could have an adverse effect on its business, results of operations and financial condition.

  • If the company is not able to obtain, renew or maintain its statutory and regulatory licenses, registrations and approvals required to operates its business, it may have a material adverse effect on the company's business, results of operations and financial condition.

  • The company proposed expansion plans w.r.t its new manufacturing facilities being set up are subject to the risk of unanticipated delays in implementation and cost overruns.

  • Average Capacity utilization for FY 2022 to FY 2024 is 32% for tractors and 87% for cranes. Under-utilization of our manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could have an adverse effect on its business, future prospects and future financial performance.

  • The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed expansion project. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the machines and equipments in a timely manner, or at all, may result in time and cost over-runs and its business, prospects and results of operations may be adversely affected.

  • The capacity expansion for the manufacturing of Pick & Carry cranes is based on the expected domestic demand in India, with no confirmed order book for the additional production, and the company sales are concentrated primarily in India, making it vulnerable to market fluctuations, regulatory changes, and economic downturns.

  • The company has recorded low growth in Revenue and PAT margins in the last three Fiscals of the Company and its Subsidiary. The company PAT Margin for the quarter ended June 30, 2024, for Fiscal 2024, Fiscal 2023 and Fiscal 2022 were 3.27%, 4.16%, 4.15% and 3.90% respectively.

  • Its ability to sell tractors is heavily dependent on financing support from Banks, NBFCs, and the company subsidiary NBFC, which exposes it to risks related to financing availability, regulatory compliance, and operational performance of its subsidiary NBFC.

  • The Company, its Promoters, its Directors, and its Subsidiary are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The geographical concentration of its manufacturing facilities in Himachal Pradesh may restrict the company operations and adversely affect its business and financial conditions.

How to check the allotment status of the Indo Farm Equipment Ltd IPO?

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Indo Farm Equipment Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

To check the IPO allotment status, follow these steps:

 

  1. Visit the official website of the IPO’s registrar.
  2. Go to the IPO allotment status page.
  3. Select the ‘Indo Farm Equipment Ltd’ from the list of available IPOs.
  4. Enter your PAN, Demat ID, or application number.
  5. Click on ‘Submit’ or ‘Check Status’ to view your allotment details.

Alternatively, you can also check the allotment status on stock exchange websites such as the NSE or BSE.

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Indo Farm Equipment Ltd IPO registrar

Mas Services Limited

Phone number 011-2638 7281-83
E-mail ID ipo@masserv.com
Website www.masserv.com

Indo Farm Equipment Ltd IPO reservation

QIB shares offered

24,20,000 (20.0%)

NII (HNI) shares offered

18,15,000 (15.0%)

Retail shares offered

42,35,000 (35.0%)

Anchor investor shares offered

36,30,000 (30.0%)

Total shares offered

1,21,00,000

Total shares with anchor investor

1,21,00,000

Indo Farm Equipment Ltd IPO lead manager

  • Aryaman Financial Services Ltd

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How to apply for an IPO with Bajaj Broking?

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  • Log in to the Bajaj Broking trading platform and select ‘IPO’ from the menu.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen IPO.
  • Enter the quantity and your UPI ID.
  • Submit your application—and you're done!

Frequently asked questions

What is the listing date for the Indo Farm Equipment Ltd IPO?

The listing date for the Indo Farm Equipment Ltd IPO is 07 Jan 2025.

What is the issue size of Indo Farm Equipment Ltd IPO?

The issue size of the Indo Farm Equipment Ltd IPO is ₹260.15 cr.

What is the minimum lot size needed for Indo Farm Equipment Ltd IPO?

The minimum lot size for Indo Farm Equipment Ltd IPO is 69

When does the Indo Farm Equipment Ltd open and close?

Indo Farm Equipment Ltd IPO is open from 31 Dec 2024 to 02 Jan 2025.

How can I apply for the Indo Farm Equipment Ltd IPO?

To apply for the Indo Farm Equipment Ltd, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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