Indo Farm Equipment Ltd
Price Range
₹204 - ₹215
Min. Quantity
69
Closes on
2 January 2025
Min. investment
₹14,835/897 Shares
Indo Farm Equipment Ltd IPO Timeline
Indo Farm Equipment Limited, was originally incorporated as 'Welcut Tools Private Limited' on October 05, 1994 as a Private Limited Company with the Registrar of Companies, Punjab, H.P. & Chandigarh. Subsequently, name of the Company was changed to Welcut Industries Private Limited vide Certificate dated February 21, 1995. Further, the Company converted into a Public Company and the name was changed to Indo Farm Equipment Limited dated July 05, 1999; again to Indo Farm Tractors & Motors Limited on October 30, 2003 and thereafter, was again changed to Indo Farm Industries Limited dated December 18, 2007. Consequently, name of the Company was changed to Indo Farm Equipment Limited on November 04, 2009 vide fresh Certificate of Incorporation by Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh.
| Event | Date |
|---|---|
| Indo Farm Equipment Ltd IPO Opening Date | 31 December 2024 |
| Indo Farm Equipment Ltd IPO Closing Date | 2 January 2025 |
| Basis of Allotment | 3 January 2025 |
| Initiation of Refunds | 6 January 2025 |
| Credit of Shares to Demat | 6 January 2025 |
| Indo Farm Equipment Ltd IPO Listing Date | 7 January 2025 |
Indo Farm Equipment Ltd IPO Details
| Indo Farm Equipment Ltd IPO Date | 31 December 2024 to 2 January 2025 |
| Indo Farm Equipment Ltd IPO Face Value | ₹10 per share |
| Indo Farm Equipment Ltd IPO Price | ₹204 to ₹215 per share |
| Indo Farm Equipment Ltd IPO Lot Size | 69 |
| Issue Size | Shares of ₹10 (aggregating up to ₹246.84 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹184.9 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹75.25 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 24,20,000 of the Net Offer |
| Retail Shares Offered | Not less than 42,35,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 18,15,000 of the Net Offer |
| Company Promoters | Ranbir Singh Khadwalia, Sunita Saini, Futuristic Mining & Constructi |
Indo Farm Equipment Ltd IPO Lot Size
The Indo Farm Equipment Ltd IPO lot size is 69 shares. A retail-individual investor can apply for up to 13 lots (897 shares or ₹1,92,855).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 69 | ₹14,835 |
| Maximum | 13 | 897 | ₹1,92,855 |
- Strengths
- Risks
- Opportunities
- Fully Integrated and established Manufacturing Setup.
- Well educated and experienced management.
- In-house NBFC Setup.
- Manufacturing Wide Range of Products.
Company Financials
Indo Farm Equipment Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 523.72 | 353.47 | 13.54 |
| 03-2023 | 495.29 | 347.92 | 12.17 |
| 03-2022 | 500.84 | 331.11 | 8.92 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up new Dedicated unit for expansion of its Pics& Carry Cranes Mfg Capacity
- Repayment or pre-payment in full or part of certain borrowings availed by the company
- Further investment in its 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 IPO Promoter Holding
| Pre Issue Share Holding | 51.52% |
| Post Issue Share Holding | 35.02% |
Indo Farm Equipment Ltd IPO Subscription Status (Bidding Detail)
The Indo Farm Equipment Ltd IPO is subscribed 54.55 times on 2 January 2025 05:00:00 PM. The public issue subscribed 45.76 times in the retail category, 11.96 times in the QIB category, and 131.84 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 11.96 | 131.84 | 45.76 | - | 54.55 |
Indo Farm Equipment Ltd IPO Prospectus
Indo Farm Equipment Ltd IPO Listing Date
| Listing Date | 7 January 2025 |
| BSE Script | - |
| NSE Symbol | - |
| Listing In | BSE, NSE |
| ISIN | INE622H01018 |
| IPO Price | ₹0 |
| Face Value | ₹10 |
Company Contact Information
SCO 859 NACManimajra Kalka Road,Chandigarh-160101
Phone: 91-172-2730060
Email: compliance@indofarm.in
Website: www.indofarm.in
Indo Farm Equipment Ltd IPO Registrar
Indo Farm Equipment Ltd IPO Lead Manager(s)
- Aryaman Financial Services Ltd
FAQ
What is the issue size of Indo Farm Equipment Ltd IPO?
I have pre-applied for Indo Farm Equipment Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.