Indo Farm Equipment
MAINBOARDListed
MAINBOARDListed
IPO Timeline
Issue open date
31 Dec 2024Issue close date
2 Jan 2025UPI mandate deadline
2 Jan 2025Allotment finalization
3 Jan 2025Refund initiation
6 Jan 2025Share credit
6 Jan 2025Listing date
7 Jan 2025Mandate end date
17 Jan 2025Lock-in end date for anchor investors (50%)
2 Feb 2025Lock-in end date for anchor investors (remaining)
4 Apr 2025Key Dates
Open
31 Dec 2024Close
2 Jan 2025Listing
7 Jan 2025Quick Stats
Issue Size:260cr
Lot Size:69 shares
About the Company
Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and farm equipment, including harvester combines and rotavators. Operating under the brands Indo Farm and Indo Power, the company exports to markets such as Nepal, Syria, Sudan, Bangladesh, and Myanmar. Its manufacturing facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The facility has an annual capacity of 12,000 tractors and 1,280 cranes, with plans underway to increase crane production capacity by 3,600 units annually through a new unit.
Strengths
- 330+ tractor & 190 crane components in-house.
- R&D for indigenous tractor & crane designs.
- Barota Finance: ₹127.15 crore loans, 5,900+ customers.
- Global presence in Africa, LATAM, Europe & Asia.
- Retail financing by HDFC, Kotak, ICICI, Axis.
- ISO-certified Baddi facility with foundry & assembly.
Risks
- Revenue is heavily reliant on tractors and cranes
- Awaiting approvals: consent to operate & fire safety NOCs.
- Low tractor capacity due to financing & competition.
- Heavy reliance on banks, NBFC, & Barota Finance.
- Barota Finance is exposed to recovery & regulatory risks.
- Geographical concentration in Himachal Pradesh poses operational risks.
Indo Farm Equipment IPO – Frequently Asked Questions
- The price band for the Indo Farm Equipment IPO is set at ₹204 to ₹215 per share.
- The Indo Farm Equipment IPO opens on December 31, 2024 and closes on January 2, 2025.
- The tentative listing date for the Indo Farm Equipment IPO is January 7, 2025.
- You can apply for the Indo Farm Equipment IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Indo Farm Equipment, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Indo Farm Equipment IPO is 69 shares. Investors must apply for at least one lot (i.e., 69 shares).