Indo Farm Equipment Limited IPO 2024

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Indo Farm Equipment Limited, established in 1994, is an ISO certified company based in Himachal Pradesh, India.

It specializes in manufacturing tractors, cranes, engines, and diesel gensets, aiming to provide affordable and high-quality agricultural equipment for farmers.

The company began its operations with a single model of 50 HP tractors and has since expanded its product range to include tractors from 20 HP to 110 HP, with plans for a 110 HP model currently under development.

In 2008, Indo Farm diversified into the production of Pick-N-Carry cranes, enhancing its capacity utilization and catering to the industrial and construction sectors.

The manufacturing facility spans 34 acres and is equipped with state-of-the-art technology, including induction furnaces and CNC machining centers, ensuring high-quality production standards

The Indo Farm Equipment Limited IPO is set to open for subscription from December 31, 2024, to January 2, 2025.

This IPO aims to raise approximately ₹260.15 crore, making it a significant opportunity for investors looking to enter the market before the new year.

Indo Farm Equipment Limited IPO 2024: A Comprehensive Overview :Indo Farm Equipment Limited IPO 2024

The Indo Farm Equipment Limited IPO is an exciting opportunity for investors, marking the last public offering of 2024. Here’s everything you need to know about this IPO.

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IPO Details

• IPO Opening Date: December 31, 2024
• IPO Closing Date: January 2, 2025
• Listing Date: January 7, 2025
• Price Band: ₹204 to ₹215 per share
• Lot Size: 69 shares
• Total Issue Size: ₹260.15 crore
  • Fresh Issue: ₹184.90 crore (0.86 crore shares)
  • Offer for Sale: ₹75.25 crore (0.35 crore shares)

Indo Farm Equipment Limited IPO 2024: Company Background

Indo Farm Equipment Limited operates through a robust distribution network, with over 140 dealers across various states in India, and exports its products to more than 30 countries.

The company also has an in-house finance subsidiary, Barota Finance, to facilitate easy financing for its customers.

The company is committed to innovation and sustainability, continuously upgrading its manufacturing processes to meet changing market demands and regulatory standards.

With a focus on delivering excellent after-sales service, Indo Farm aims to be a reliable partner for farmers and businesses alike.

Indo Farm Equipment Limited, established in 1994, specializes in manufacturing agricultural and construction equipment.

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• Tractors:

  Ranging from 16 HP to 110 HP

• Cranes:

  Pick-and-carry cranes with capacities from 9 to 30 tonnes

• Harvesting Equipment

The company has a robust manufacturing facility in Baddi, Himachal Pradesh, with an annual production capacity of 12,000 tractors and 1,280 cranes.

Indo Farm Equipment Limited IPO 2024: Financial Performance Indo Farm Equipment Limited

Indo Farm Equipment Limited, a key player in the agricultural equipment sector, has reported notable growth in its recent financial results.

The company showcased robust revenue growth backed by strong domestic demand and strategic export initiatives.

Invest in Growing Opportunities:  Indo Farm Equipment Limited IPO 2024

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Indo Farm Equipment Limited IPO 2024: Grey Market Premium (GMP)

As of December 25, 2024, the I

• Minimum Investment: Retail PO has a grey market premium (GMP) of ₹50, indicating a potential listing price of ₹265 per share, which reflects an expected gain of 23.26%.

  Use of Proceeds

  The funds raised from the IPO will be utilized for:

  • Establishing a new manufacturing unit for pick-and-carry cranes
  • Repaying or prepaying existing borrowings
  • Strengthening the capital base of its NBFC subsidiary, Barota Finance Ltd.
  • General corporate purposes

  Investment Considerations

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  investors can apply for a minimum of one lot (69 shares), requiring an investment of ₹14,835 at the upper price band.

• Allocation Structure:
  • Qualified Institutional Buyers (QIBs): Up to 50%
  • Non-Institutional Investors (NIIs): At least 15%
  • Retail Investors: At least 35%

Indo Farm Equipment Limited IPO 2024: Conclusion

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The Indo Farm Equipment Limited IPO presents a promising investment opportunity in the agricultural and construction equipment sector.

With a strong market presence, experienced management, and plans for expansion, it could be a valuable addition to your investment portfolio. However, potential investors should carefully assess the associated risks and market conditions before participating in the offering.

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