✓
Open
31 Dec, 2024 to 2 Jan, 2025
✓
Close
31 Dec, 2024 to 2 Jan, 2025
3
Allotment
—
✓
Listing
Tue, Jan 7, 2025
Price Band
₹204 to ₹215
Issue Size
1,21,00,000 shares (agg. up to ₹260 Cr)
Lot Size
69 Shares
Listing Date
Tue, Jan 7, 2025
Latest GMP
₹76
Est. Gain
35.35%
✦ AI Insight
GMP Trend
07-01-2025₹76Est. ₹291+35.35%
06-01-2025₹76Est. ₹291+35.35%
05-01-2025₹90Est. ₹305+41.86%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 159.23x |
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | 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 |
About Indo Farm Equipment IPO
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: Fully Integrated and established Manufacturing Setup Well Educated & Experienced Management In-House NBFC Setup Manufa
Contact Details
Indo Farm Equipment Ltd. AddressSCO 859, NAC Manimajra Kalka RoadChandigarh, Chandigarh, 1601010172-2730060compliance@indofarm.inVisit Website