Indo Farm Equipment Limited (MAINBOARD)
Dec 31, 2024 - Jan 2, 2025
| Price | ₹204 - ₹215 |
| Premium | ₹76 |
|---|---|
| Lot size | 69 |
| Allotment | Jan 4, 2025 |
| Listing | Jan 7, 2025 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 69 | 14835 | 61377 |
| sHNI | 14 | 966 | 207690 | 626 |
| bHNI | 68 | 4692 | 1008780 | 1253 |
Last updated on 02-Jan-2025 19:04:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2420000 | 586597014 | 242.4 |
| HNIs | 1815000 | 914444304 | 503.83 |
| HNIs 10+ | 1210000 | 663241938 | 548.13 |
| HNIs 2+ | 605000 | 251202366 | 415.21 |
| Retail | 4235000 | 444348201 | 104.92 |
| Total | 8470000 | 1945389519 | 229.68 |
Application-Wise Breakup (Approx. no. of Apps) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 1253 | 136102 | 108.62 |
| HNIs (2-10L) | 626 | 246683 | 394.06 |
| Retail | 61377 | 4755155 | 77.47 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 52.03 | 12611.84 | 242.4 |
| FIIs | - | 2536.03 | - |
| DIIs | - | 5410.96 | - |
| Mutual funds | - | 197.56 | - |
| Others | - | 4467.29 | - |
| HNIs | 39.02 | 19660.55 | 503.83 |
| HNIs 10+ | 26.02 | 14259.7 | 548.13 |
| HNIs 2+ | 13.01 | 5400.85 | 415.21 |
| Retail | 91.05 | 9553.49 | 104.92 |
| Total | 182.11 | 41825.87 | 229.68 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹70 | @8% ₹80 | @9% ₹90 | @10% ₹99.9 | @11% ₹109.9 | @12% ₹119.9 |
Indo Farm Equipment IPO Details
| Issue Size | 121,00,000 shares (aggregating up to ₹[260.15] Cr) |
| Fresh Issue | 8600,000 shares (aggregating up to ₹[184.9] Cr) |
| Offer for Sale | 3,500,000 shares of ₹10 (aggregating up to ₹[75.25] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 39,451,600 Shares |
| Share holding post issue | 48,051,600 Shares |
Indo Farm Equipment IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Key Performance Indicator
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 0.74% | 5.13% | 5.44% |
| ROCE | 1.73% | 8.96% | 8.84% |
| RONW | 0.72% | 4.92% | 5.29% |
| EPS (basic) | 0.63 | 4.15 | 4.09 |
| P/E Pre IPO | 54.39 | ||
| P/E Post IPO | 105.25 |
Company Financials
Indo Farm Equipment Limited Financial Information (Restated Consolidated) In Crores
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 644 | 648 | 623 | 620 |
| Revenue | 76 | 376 | 372 | 353 |
| Profit After Tax | 2 | 16 | 15 | 14 |
| Net Worth | 342 | 317 | 290 | 275 |
| Total Borrowing | 245 | 271 | 281 | 275 |
About Company
Incorporated in 1994, Indo Farm Equipment Limited is engaged in the manufacturing of tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors ranging from 16 HP to 110 HP and pick & carry cranes with a capacity of 9 to 30 tons. Its manufacturing facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and features a captive foundry, machine shop, and assembly units, with an annual production capacity of 12,000 tractors and 1,280 cranes. To meet increasing demand, the company has acquired additional industrial land near its existing facility to establish a new unit, which will expand crane manufacturing capacity by 3,600 units per year. Indo Farm Equipment exports its products to Nepal, Syria, Sudan, Bangladesh, Myanmar, and other countries. As of June 30, 2024, the company employed 938 individuals.
Aryaman Financial Services Limited
Integrated Operations: A fully integrated manufacturing setup with a captive foundry, machine shop, and assembly units ensures efficient and high-quality production.
Diverse Product Portfolio: Offers a broad range of tractors (16 HP to 110 HP) and pick-and-carry cranes (9 to 30 tons) to meet diverse customer needs.
Strategic Expansion: Acquisition of additional industrial land to boost crane production capacity by 3,600 units annually reflects strong growth potential.
Legal Proceedings: Ongoing legal cases involving the company, its promoters, directors, and subsidiary could negatively impact business operations if resolved adversely.
Revenue Dependency: Heavy reliance on tractor and crane sales makes the company vulnerable to fluctuations in demand or disruptions in manufacturing.
Regulatory Compliance: Failure to obtain, renew, or maintain required statutory and regulatory approvals could significantly affect operations and financial performance.
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp