| Company Name | Indo Farm Equipment Limited |
| Open Date | 31-12-2024 |
| Close Date | 02-01-2025 |
| Exchange | BSE, NSE |
| Lot Size | 69 Shares |
| Issue Price | ₹204 to ₹215 per share |
| Issue Size | 1,21,00,000 shares |
| Application Amount | ₹ 14,835 – ₹ 1,92,855 (69 to 897 shares) |
| Recommendation | Avoid |
Indo Farm Equipment Limited was originally incorporated as “Welcut Tools Private Limited” on Oct 05, 1994. The registered office is located at Chandigarh, India. The company is engaged in manufacturing of Tractors and Pick & Carry Cranes. They also deal in other farm equipment such as Harvester Combines, Rotavators and other related spares & components. The major revenue stream for the company is from sale of tractors and cranes. The company had 938 permanent employees as of June 30, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 |
| Revenue | 352.08 | 370.76 | 375.23 |
| EBITDA | 51.63 | 57.66 | 61.80 |
| Net Profit | 13.72 | 15.37 | 15.60 |
| RoCE | 10.52% | 12.05% | 12.54% |
| ROE | 4.99% | 5.29% | 4.92% |
| P/E | 58.90 | 52.57 | 51.81 |
| Opening Date | 31/12/2024 |
| Closing Date | 02-01-2025 |
| Basis of Allotment | 03-01-2025 |
| Initiation of Refunds | 06-01-2025 |
| Credit of Shares to Demat | 06-01-2025 |
| Listing Date | 07-01-2025 |
| 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 |
| Registered Office | Indo Farm Equipment Limited SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101 |
| Phone | 0172-2730060 |
| compliance@indofarm.in | |
| Website | https://www.indofarm.in/ |
| Indo Farm Equipment IPO DRHP |
| Indo Farm Equipment IPO RHP |
| Name | Mas Services Limited |
| Phone | (011) 2610 4142 |
| ipo@masserv.com | |
| Website | https://www.masserv.com/opt.asp |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 93.45% |
| Share Holding Post Issue (Promoters) | 69.44% |