/ 69 Shares
31-Dec-2024 - 02-Jan-2025
₹ 204 - ₹ 215
₹ 14835.00
69
12,100,000
Face Value - ₹ 10/- Per Share
Listing at NSE BSE
61,376 Application Required in Retail for 1 Time.
Registrar : MAS Services Limited
Fresh Issue of upto 86,00,000 Equity Shares+ Offer for Sale of upto 35,00,000 Equity Shares
| Category | % | Shares/Amount |
|---|---|---|
| QIB | 50% | 6,050,000 Shares RS.130.08 CR |
| HNI 1 | 5% | 605,000 Shares RS.13.01 CR @ 626 FORM 1X |
| HNI 2 | 10% | 1,210,000 Shares RS.26.02 CR @ 1253 FORM 1X |
| Retail | 35% | 4,235,000 Shares RS.91.05 CR @ 61377 FORM 1X |
BRLMs: Aryaman Financial Services Ltd
| Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
|---|---|---|
| 61377 FORM 1X | 626 FORM 1X | 1253 FORM 1X |
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Upto 2 Lakh) | 1 | 69 | ₹ 14,835 |
| Retail (Upto 2 Lakh) | 13 | 897 | ₹ 192,855 |
| S-HNI (2 Lakh to 10 Lakh) | 14 | 966 | ₹ 207,690 |
| S-HNI (2 Lakh to 10 Lakh) | 67 | 4623 | ₹ 993,945 |
| B-HNI (Above 10 Lakh) | 68 | 4692 | ₹ 1,008,780 |
02-Jan-2025 16:07
| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 2,420,000 ₹ 52.03 Cr. | 586,597,014 ₹ 12611.84 Cr. | 242.40x |
| HNI (<10 LAKH) | 605,000 ₹ 13.01 Cr. | 245,002,578 ₹ 5267.56 Cr. | 404.96x |
| HNI2 (>10 LAKH) | 1,210,000 ₹ 26.02 Cr. | 663,241,938 ₹ 14259.70 Cr. | 548.13x |
| RETAIL | 4,235,000 ₹ 91.05 Cr. | 416,837,763 ₹ 8962.01 Cr. | 98.43x |
| Total | 8,470,000 | 1,911,679,293 | 225.70x |
| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 2,420,000 ₹ 52.03 Cr. | 586,597,014 ₹ 12611.84 Cr. | 242.40x |
| HNI (<10 LAKH) | 605,000 ₹ 13.01 Cr. | 245,002,578 ₹ 5267.56 Cr. | 404.96x |
| HNI2 (>10 LAKH) | 1,210,000 ₹ 26.02 Cr. | 663,241,938 ₹ 14259.70 Cr. | 548.13x |
| RETAIL | 4,235,000 ₹ 91.05 Cr. | 416,837,763 ₹ 8962.01 Cr. | 98.43x |
| Total | 8,470,000 | 1,911,679,293 | 225.70x |
*Excluding Anchor
Total No. of Application Approx : ~5212969 (84.93 Appwise)
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The Company was originally incorporated as “Welcut Tools Pvt. Ltd” on October 05, 1994, at Chandigarh. The Company was converted into Public Limited Company on June 29, 1999. Subsequently the name was changed to “Indo Farm Equipment Ltd”, on October 24, 2009.
The company is a fully integrated established manufacturer of Tractors & Pick & Carry Cranes, with ancillary manufacturing of other farm equipment such as Harvester Combines, Rotavators and other related spares and components.
The company’s ISO 9001:2015 certified manufacturing facilities are spread across 1,27,840 sq. mtrs. at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors and Pick & Carry Cranes.
The company manufactures Tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes ranging from 9 tons to 30 tons. As on September 30, 2024, the company has the capacity to manufacture 12,000 Tractors p.a. & 1,280 Pick & Carry Cranes p.a. Further, the company plans to increase the capacity of Pick & Carry Cranes by an additional 3,600 units p.a.
The company also operates asset financing business through its wholly owned subsidiary “Barota Finance Ltd”, which is an RBI registered NBFC.
As on June 30, 2024, the NBFC has a total Loan Book (Vehicle Finance) of ? 127.16 Cr and served over 5,900 active customers. The NBFC’s Gross and Net NPA as on June 30, 2024, were 4.13% and 3.00% respectively.
The company’s products are marketed and distributed by 175 dealers across various states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, Rajasthan etc.
Currently, exports contribute to ~ 7% of the company’s Total Sales. The company has a presence in 38+ countries, and plans to increase penetration of Tractors in select export markets and Pick & Carry Cranes in SAARC Countries namely Nepal, Bhutan, Maldives, Afghanistan, Bangladesh, Sri Lanka etc.
The company has a consistent profitable track record over. The company’s Total Income for the period ended June 30, 2024, and FY 2024, was ? 75.54 Cr, ? 375.95 Cr, respectively, the Profit After Tax was ? 2.45 Cr, ? 15.60 Cr, respectively. The EBIDTA was ? 12.66 Cr, ? 62.52 Cr, respectively with EBIDTA margin at 16.75%, 16.63%, respectively.
Competitive Strength
Fully Integrated and established Manufacturing Setup
Well Educated & Experienced Management
In-House NBFC Setup
Manufacturing Wide Range of Products
Product acceptability in multiple countries and wide variety of financial institutions
Business Strategies
Augment capital base for scaling and expanding the operations
Reduce Debt Levels and improve Debt to Equity Ratio
Focus on the niche market of Pick and Carry Cranes
Augment the Dealer Network and Sales Force
Indo Farm Equipment Limited's revenue increased by 1% and profit after tax (PAT) rose by 1% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 644.27 | 647.95 | 622.84 | 619.83 | ||||||||||||||||||||||||||||||||||||
| Revenue | 75.54 | 375.95 | 371.82 | 352.52 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 2.45 | 15.6 | 15.37 | 13.72 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 342.25 | 317.06 | 290.37 | 274.8 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 245.36 | 270.54 | 280.65 | 275 | ||||||||||||||||||||||||||||||||||||
| Amount in ? Crore | ||||||||||||||||||||||||||||||||||||||||
The Objects of the Net Fresh Issue is to raise funds for:
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Step 01 : Once you create your account, Login to your acount.
Step 02 : Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.
Step 03 : Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).
Step 04 : Enter your UPI ID and you will receive mandate on your UPI App.
Step 05 : Once you accept the mandate, Application is submitted successful.
