Indo Farm Equipment Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

31 Dec 2024

Close Date

02 Jan 2025

Allotment

03 Jan 2025

Listing Date

07 Jan 2025

Exchange

NSE & BSE

Price Band

₹215

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹215

Per share

Face Value

₹10 per share

Lot Size

69 Shares

per lot

Issue Size

1,21,00,000 shares (aggregating up to ₹260.15 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,835

1 lot

Pre-IPO Holding

3,94,51,600 shares

Promoters

Post-IPO Holding

4,80,51,600 shares

Promoters

P/E (Pre)

54.39x

P/E (Post)

105.25x

EPS (Pre)

₹3.95

EPS (Post)

₹2.04

UPI Deadline

2025-01-02

Mandate

Anchor AllotmentMon, 30 Dec 2024

Basis of AllotmentFri, 03 Jan 2025

Refund InitiationMon, 06 Jan 2025

Demat CreditMon, 06 Jan 2025

Listing DayTue, 07 Jan 2025

UPI Mandate Deadline2025-01-02

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares86,00,000 shares (aggregating up to ₹184.90 Cr)

Offer for Sale35,00,000 shares of ₹10 (aggregating up to ₹75.25 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Indo Farm Equipment Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Jan 2025.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	12,100,000	100%	₹260.15

IPO Shares Offered

Indo Farm Equipment Ltd. IPO total issue size: ₹260.15 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	12,100,000	₹260.15	100.00%

* Based on upper price band ₹215 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹215.00

Upper Band

Min Investment

₹14,835

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	138	₹29,670
Retail (Max — 13 Lots)	13	897	₹192,855
S-HNI (Min — 14 Lots)	14	966	₹207,690
B-HNI (Min — 68 Lots)	68	4,692	₹1,008,780

* Issue Price ₹215 × Lot Size 69 shares

IPO Schedule

Anchor

30 Dec 2024

✓ Done

IPO Open

31 Dec 2024

✓ Done

IPO Close

02 Jan 2025

✓ Done

Allotment

03 Jan 2025

✓ Done

Refunds

06 Jan 2025

✓ Done

Demat Credit

06 Jan 2025

✓ Done

Listing Day

07 Jan 2025

✓ Done

₹215.00

INR · BSE

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Issue ₹215.00 Live Price

About Indo Farm Equipment Ltd.

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 SetupWell Educated & Experienced ManagementIn-House NBFC SetupManufacturing Wide Range of ProductsProduct acceptability in multiple countries and a wide variety of financial institutions

Objects of the Issue

Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity

Repayment or pre-payment, in full or part, of certain borrowings availed by the Company

Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.

General Corporate Purposes

Indo Farm Equipment Ltd. Financials (Amount in Crore)

Revenue from Operations

₹371.8

31 Mar 2023

₹376.0

31 Mar 2024

₹75.5

30 Jun 2024

Profit After Tax (PAT)

₹15.4

31 Mar 2023

₹15.6

31 Mar 2024

₹2.5

30 Jun 2024

Particulars	30 Jun 2024	31 Mar 2024	31 Mar 2023
Revenue from Operations	75.54	375.95	371.82
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	2.45	15.60	15.37
Net Worth	342.25	317.06	290.37
Total Assets	644.27	647.95	622.84
Reserves & Surplus	N/A	N/A	N/A
Borrowings	245.36	270.54	280.65
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	4.16%	—	—

P/BV Ratio

2.55

RoE

5.13%

RoCE

8.96%

RoNW

4.92%

PAT Margin

4.16%

Debt/Equity

0.85

Issue Structure & Shareholding

Total Shares Offered1,21,00,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding3,94,51,600 shares

Post-Issue Promoter Holding4,80,51,600 shares

P/BV Ratio2.55

RoE5.13%

RoCE8.96%

Debt / Equity0.85

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MAS Services Ltd.

(011) 2610 4142

ipo@masserv.com

https://www.masserv.com/opt.asp

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Indo Farm Equipment Ltd. IPO subscribed? ▲

Indo Farm Equipment Ltd. IPO is subscribed 1.00 times by Jan 02, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Indo Farm Equipment Ltd. IPO retail subscription status? ▼

The Indo Farm Equipment Ltd. IPO retail category is subscribed 1.00 times as of 02 Jan 2025. The retail portion is oversubscribed.

How to subscribe Indo Farm Equipment Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 31 Dec 2024 and closes 02 Jan 2025. Min investment: ₹14,835 (1 lot = 69 shares). UPI mandate: 2025-01-02.

How many times Indo Farm Equipment Ltd. IPO subscribed? ▼

The Indo Farm Equipment Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Indo Farm Equipment Ltd. IPO allotment? ▼

Check allotment on the registrar website (MAS Services Ltd.) at https://www.masserv.com/opt.asp. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Jan 2025. Refunds: on 06 Jan 2025.

When Indo Farm Equipment Ltd. IPO will be listed? ▼

The Indo Farm Equipment Ltd. IPO listing date is 07 Jan 2025, Tuesday. Listed on: NSE & BSE. Issue price: ₹215. Estimated listing: ₹215. GMP: NIL.

When Indo Farm Equipment Ltd. IPO close? ▼

The Indo Farm Equipment Ltd. IPO closes on 02 Jan 2025, Thursday. UPI mandate: 2025-01-02. Allotment: 03 Jan 2025. Listing: 07 Jan 2025.

Quick Actions

Check Allotment

Live Price LIVE

Last Price₹215.00

Change—

Issue Price₹215.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹215

Face Value₹10

Lot Size69 Sh

Min. Amount₹14,835

GMPNIL

Est. Listing₹215

Subscribed1.00x

Open Date31 Dec 2024

Close Date02 Jan 2025

Allotment03 Jan 2025

Listing Date07 Jan 2025

ExchangeNSE & BSE

UPI Deadline2025-01-02