Indo Farm Equipment Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹76(35.35%)
Premium (ELP)
The Initial Public Offering of Indo Farm Equipment Limited's culminated in its successful listing on Jan 07, 2025 at the NSE, BSE trading platform. The company secured 1,21,00,000 Shares through this capital market exercise, with 86,00,000 Shares allocated to new capital formation and ₹75.25 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹204 to ₹215, with minimum investment requirements of 69 shares. The subscription period from Dec 31, 2024 to Jan 02, 2025 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Jan 03, 2025. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors from 16 HP to 110 HP and cranes with capacities of 9 to 30 tons at its Baddi, Himachal Pradesh facility, which spans 127,840 sq. meters and includes a captive foundry, machine shop, and assembly units, with annual capacities of 12,000 tractors and 1,280 cranes. To meet growing demand, it has acquired additional land to expand crane production by 3,600 units annually. Indo Farm exports to Nepal, Syria, Sudan, Bangladesh, Myanmar, and other countries, and employs 938 people as of June 30, 2024.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Integrated Operations: Captive foundry, machine shop, and assembly units ensure efficient, high-quality production.
- Diverse Product Portfolio: Wide range of tractors (16–110 HP) and pick-and-carry cranes (9–30 tons) catering to varied customer needs.
- Strategic Expansion: Additional industrial land to increase crane production by 3,600 units annually, supporting growth potential.
- Legal Proceedings: Ongoing cases involving the company, promoters, directors, and subsidiaries may impact operations if resolved unfavorably.
- Revenue Dependency: Heavy reliance on tractor and crane sales exposes the company to demand fluctuations and manufacturing disruptions.
- Regulatory Compliance: Inability to obtain or maintain statutory approvals could adversely affect operations and financial performance.
- Ranbir Singh Khadwalia
- Sunita Saini
Indo Farm Equipment Limited
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