Indo Farm Equipment IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

The Indo Farm Equipment IPO offers a lucrative investment opportunity, backed by robust financials and market potential. With total assets of INR 6,228.41 million and a profit before tax of INR 222.50 million as of March 31, 2023, the company demonstrates stability and growth.

Operational efficiency is evident in an operating cash flow of INR 301.75 million. The IPO aligns with Indo Farm Equipment Limited’s financial resilience, positioning it for future industry impact.

Investors seeking growth and stability in the agricultural machinery sector will find this offering compelling amidst the positive market outlook.

Indo Farm Equipment IPO Overview

Chandigarh-based Indo Farm Equipment aims to raise capital through an IPO, filing papers with SEBI for 1.4 crore equity shares.

The offering includes a fresh issue of 1.05 crore shares by the company and a 35 lakh share offer-for-sale by promoter Ranbir Singh Khadwali, constituting 29.14% of fully diluted post-offer equity. Before filing with ROC, Indo Farm is considering a pre-IPO placement of up to 19 lakh shares.

The undisclosed IPO size will allocate fresh issue proceeds, approximately Rs 175.6 crore, for expanding pick & carry crane manufacturing, debt repayment, and investment in NBFC subsidiary Barota Finance..

Indo Farm Equipment IPO Important Dates

The eagerly awaited Indo Farm Equipment IPO is set to unfold, with investors and enthusiasts anticipating the announcement of crucial dates.

As of now, the specific timeline for activities such as the opening and closing of the subscription period, the allotment of shares, and the listing on the stock exchanges is yet to be disclosed.

Stay tuned for updates, as these important dates will play a pivotal role in the investment journey for those looking to be part of Indo Farm Equipment’s significant stride towards growth and expansion in the market.

Indo Farm Equipment IPO Price, Size, Share Offerings

Chandigarh-based Indo Farm Equipment’s upcoming IPO is poised to make waves in the market. The company, in its draft papers filed with SEBI, has not disclosed the exact IPO size.

However, the offering comprises a fresh issue of 1.05 crore equity shares and an offer-for-sale of 35 lakh shares by promoter Ranbir Singh Khadwali. This combined offering is set to constitute 29.14% of the fully diluted post-offer paid-up equity share capital.

The pricing details, critical for investor decisions, are yet to be unveiled. Keep a keen eye on updates for insights into Indo Farm Equipment’s IPO valuation and share offerings.

Indo Farm Equipment IPO Grey Market Premium

As anticipation builds around the Indo Farm Equipment IPO, stakeholders are keenly awaiting insights into the Grey Market Premium (GMP).

As of now, there is no available data on the premium in the unofficial market. The Grey Market Premium is a key indicator reflecting investor sentiment and expectations before a stock is officially listed.

Investors and market enthusiasts are encouraged to stay tuned for updates, as the GMP for Indo Farm Equipment will provide valuable insights into the perceived market demand and potential pricing dynamics ahead of the IPO’s official launch.

Indo Farm Equipment IPO Subscription Status

As the anticipation surrounding Indo Farm Equipment’s IPO builds, investors are eagerly awaiting details on the subscription status. Currently, no data is available regarding the level of investor interest and subscription figures.

The subscription status, a key indicator of market confidence, will be closely monitored once the company officially releases the relevant information.

Stay tuned for updates, as the subscription status will provide valuable insights into the market’s response to Indo Farm Equipment’s public offering, reflecting the level of enthusiasm among investors for this significant market event.

Indo Farm Equipment IPO Allotment Status

Presently, no data has been released regarding the allocation of shares. The company, having filed draft papers with SEBI for a public issue, is yet to disclose details on how shares will be assigned to investors.

Stay tuned for updates as the allotment status unfolds, providing insights into the distribution of shares and enabling investors to track their participation in this significant offering from Indo Farm Equipment.

Indo Farm Equipment IPO Live Performance

As of now, there is no live performance data available for the Indo Farm Equipment IPO. The company, having filed draft papers with SEBI for its public issue, is in the early stages of the IPO process, and live performance metrics are yet to be disclosed.

Investors and stakeholders are eagerly anticipating updates on the IPO’s progress, including subscription figures, oversubscription levels, and market response.

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Latest Indo Farm Equipment IPO News

As of the latest update, there is no specific information available regarding the Indo Farm Equipment IPO. The company has filed draft papers with SEBI, outlining its intentions to raise funds through an offering of equity shares, but key details such as IPO pricing, size, and important dates are pending disclosure.

Investors and enthusiasts keen on the Indo Farm Equipment IPO are advised to stay tuned for forthcoming announcements, as the release of critical data will provide valuable insights into this highly anticipated market event.

Indo Farm Equipment – Company Review

Founded in 1994, Indo Farm Equipment Limited, an ISO Certified Company nestled in Himachal Pradesh, India, is a leading manufacturer of tractors, cranes, engines, and more.

Initiating tractor production in 2000, the company expanded into Pick-N-Carry cranes in 2008 (9 tonnes – 30 tonnes). Boasting a 34-acre facility, Indo Farm swiftly indigenized engine components, halting imports within a year.

Operating nationwide, it is synonymous with quality, supported by a vast network of 15 regional offices and 300 dealers. The company manufactures tractors from 20 HP to 100 HP, with a 110 HP model in development.

Embracing innovation, Indo Farm adapted engines to changing emission norms and operates an in-house finance subsidiary, Barota Finance, embodying a comprehensive approach to customer needs.

Products or Services

The company’s manufacturing prowess extends to engines, diesel gensets, and Harvester Combines, showcasing a comprehensive approach to agricultural and industrial needs.

With a focus on indigenization, Indo Farm ensures the highest standards of quality, exemplified by its ISO certification. To complement its product offerings, the company operates Barota Finance, an in-house finance subsidiary, that provides tailored financial solutions.

Indo Farm Equipment stands as a reliable one-stop solution, embodying strength, innovation, and customer-centric values.

Promoters and Holding

Ranbir Singh Khadwalia, aged 62, is the Promoter, Chairman, and Managing Director of Indo Farm Equipment, holding 82.49% of pre-offer equity. Sunita Saini, aged 54, a founding member, contributes over two decades of experience to the company’s administration and CSR activities.

Both are integral to the company’s success, with Mr. Khadwalia leading with a vision, and Ms. Saini actively engaged in multiple directorial roles, reflecting their commitment to Indo Farm’s growth.

Is Indo Farm Equipment Good for Investment?

Over the last three financial years, the company has achieved a commendable sales mix, with 90% from domestic markets and 10% from exports.

Indo Farm’s diversified product range, including tractors ranging from 16 HP to 110 HP and pick & carry cranes from 9 tons to 30 tons, caters to diverse sectors such as agriculture, infrastructure, construction, heavy engineering, and industrial projects.

Notably, Indo Farm has indigenized and upgraded engines, reducing dependence on external sources. The company’s fully integrated operations enable the in-house production of critical components, enhancing efficiency and cost competitiveness.

Strategically, Indo Farm aims to augment its capital base for scaling and expanding operations, reduce debt levels, and concentrate on the niche market of pick-and-carry cranes.

The company’s expansion plan includes enhancing its dealer network, increasing its presence in export markets, and participating in trade fairs to strengthen its global footprint.

As the company positions itself for sustained growth, Indo Farm Equipment Limited remains a dynamic force in the agricultural and industrial equipment sector, combining technical capability with a customer-centric approach.

Indo Farm Equipment Financial Statements

Indo Farm Equipment IPO Review

The Indo Farm Equipment IPO presents a compelling investment opportunity. The company’s solid financials, with total assets at INR 6,228.41 million and a profit before tax of INR 222.50 million, showcase stability and growth potential.

With a focus on non-current assets and efficient expense management, Indo Farm Equipment demonstrates operational prowess.

The IPO provides investors access to a company positioned for sustained impact in the industry, supported by a comprehensive income of INR 157.63 million and positive earnings per equity share.

Indo Farm Equipment IPO Details

Here are a few more details you need to know before investing in Indo Farm Equipment IPO –

Indo Farm Equipment IPO Issue Object

Thus, Indo Farm Equipment has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Setting up a new Dedicated Unit for the Expansion of our Pick and carry crane Manufacturing Capacity
• Repayment or pre-payment, in full or part, of certain borrowings availed by our Company
• Further Investment in our 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 IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Fully Integrated and established Manufacturing Setup
• Well-educated and experienced management
• In-house NBFC Setup Manufacturing Wide Range of Products
• Product acceptability in multiple countries and a wide variety of financial institutions

Quantitative factors are:

Indo Farm Equipment IPO Lead Managers

Here is the list of Lead managers –

• ARYAMAN FINANCIAL SERVICES LIMITED

Indo Farm Equipment IPO Registrar to offer

Check out the details of the registrar here –

MAS Services Limited
T-34 2nd floor, Okhla Industrial Area Phase II,
New Delhi 110020, India.
Tel:011-26387281-83, 011-41320335; Email:ipo@masserv.com;
Website:www.masserv.com
Contact Person: N.C. Pal
SEBI Registration No.:INR000000049

Indo Farm Equipment IPO – Other Details

• Statutory Auditor – Deepak Jindal & Co
• Legal Counsel to the Company – M/s. Kanga & Company
• Bankers to the Company – Canara Bank, Federal Bank Limited and Punjab National Bank Limited

Indo Farm Equipment IPO Verdict by Stock Brokers

The Indo Farm Equipment IPO received a positive verdict, backed by robust financials and market potential. With total assets reaching INR 6,228.41 million as of March 31, 2023, the company demonstrates stability and growth.

A profit before tax of INR 222.50 million and an operating cash flow of INR 301.75 million underline its operational efficiency.

The IPO stands as a strategic move, aligning with Indo Farm Equipment Limited’s financial resilience and positioning for future industry impact.

Indo Farm Equipment IPO – Conclusion

In conclusion, the Indo Farm Equipment IPO presents a compelling investment opportunity. The company’s strong financial performance, evident in its substantial assets and consistent profitability, augurs well for prospective investors.

The positive market outlook for the agricultural equipment sector further enhances the IPO’s appeal.

Indo Farm Equipment Limited’s strategic positioning and demonstrated resilience make this offering a favourable choice for investors seeking growth and stability in the evolving landscape of the agricultural machinery industry.

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Indo Farm Equipment IPO Review FAQs

Check out the FAQs on Indo Farm Equipment IPO –

What is the Issue Size of Indo Farm IPO?

The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Indo Farm IPO?

The price band for this particular IPO ranges between Rs.NA to Rs. NA. As far as the face value of the share is concerned, it is Rs.10 per share.

What is the Indo Farm IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

What is the Indo Farm IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

What is the Indo Farm IPO Listing Date?

Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

Who is the Registrar of Indo Farm IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. MAS Services Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Indo Farm IPO?

Here are the promoters of this IPO – RANBIR SINGH KHADWALIA AND SUNITA SAINI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Indo Farm IPO?

They have obtained the GMP of this IPO and it is Rs. NA. Further insights of the Kostak rate and subject to sauda or SS are also included in this report.

Is Indo Farm Equipment IPO Good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Indo Farm Equipment Company?

They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 155.64, 2022 is 137.19, and 2021 is 84.92.

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