Indo Farm Equipment IPO: Date, Price, GMP, & Details

Indo Farm Equipment Limited launched its Initial Public Offering running from December 31, 2024, to January 2, 2025. The IPO, priced between ₹204-215 per share, aims to raise ₹260.15 crore to further enhance the company’s production capabilities and strengthen its market position in both domestic and international markets. 

This article focuses on the Indo Farm IPO date, details, and more. Let’s begin!

Indo Farm Equipment IPO Details

IPO Date	December 31, 2024 to January 2, 2025
Listing Date	Tuesday, January 7, 2025
Face Value	₹10 per share
Price Band	₹204 to ₹215 per share
Lot Size	69 Shares
Total Issue Size	86,00,000 shares (aggregating up to ₹ 184.90 Cr)
Fresh Issue	December 31, 2024, to January 2, 2025
Offer for Sale	35,00,000 shares of ₹10(aggregating up to ₹75.25 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Share Holding Pre Issue	3,94,51,600 shares
Share Holding Post Issue	4,80,51,600 shares

For further details, refer to the Indo Farm Equipment IPO RHP.

Indo Farm Financials (in ₹ Crore)

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

Indo Farm IPO GMP

The Indo Farm Equipment IPO has a grey market premium (GMP) of ₹50 as of December 25, 2024. With an anticipated increase of 23.26%, the predicted listing price is ₹265 per share, based on the upper price band of ₹215.

Indo Farm IPO objectives

The company aims to utilise the proceeds from their Net Fresh Issue for several key purposes. 

Primarily, they plan to establish a new dedicated unit to expand their manufacturing capabilities for pick & carry cranes, enhancing their production capacity in this segment.

Additionally, the funds will be directed towards addressing their financial obligations, specifically for the repayment or prepayment of certain existing company borrowings, either partially or in full.

The company also intends to strengthen their NBFC subsidiary, Barota Finance Ltd., by making further investments to bolster its capital base. This investment is strategically planned to ensure the subsidiary can meet its anticipated future capital requirements.

Lastly, a portion of the funds will be allocated towards General Corporate Purposes, providing flexibility for various business needs and opportunities.

About Indo Farm Equipment Limited

Indo Farm Equipment Limited, established in 1994, has built a strong presence in the agricultural and construction equipment manufacturing sector. The company’s core business revolves around producing tractors, pick & carry cranes, and various harvesting equipment under two distinct brands: Indo Farm and Indo Power.

The company’s manufacturing capabilities are impressive, offering tractors ranging from 16 HP to 110 HP and pick & carry cranes with capacities between 9 to 30 tonnes. Their state-of-the-art facility in Baddi, Himachal Pradesh, covers an extensive area of 127,840 square meters and features comprehensive infrastructure. At full capacity, the facility can produce 12,000 tractors and 1,280 pick & carry cranes annually.

Their international reach extends to several countries, including Nepal, Syria, Sudan, Bangladesh, and Myanmar, demonstrating their strong export presence. The company has established itself through several competitive advantages, including a fully integrated manufacturing setup and an experienced, well-educated management team. They also benefit from having an in-house NBFC setup, which strengthens their financial capabilities.

What sets Indo Farm Equipment apart is their diverse product portfolio and their products’ acceptance across multiple countries. Their equipment has gained recognition from various financial institutions, further solidifying their market position. The company’s integrated manufacturing approach, combined with their extensive product range and international presence, positions them as a leading player in the agricultural and construction equipment sector.

Conclusion

While the Indo Farm IPO presents an opportunity to invest in India’s agricultural and construction equipment sector, investors should carefully consider the competitive landscape and industry dynamics before participating in the offering.

Apply for the Indo Farm Equipment IPO here.

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