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Bidding Date
31-Dec-2024 to
02-Jan-2025
Issue Size
₹260.15 Cr
Price Band
₹204 to ₹215
Allotment date
03-Jan-2025
Listing date
07-Jan-2025
Lot size
69
No. of shares
1,21,00,000
Fresh issue/OFS
₹184.9 Cr/₹75.25 Cr
Indo Farm Equipment Limited, incorporated in 1994, operates as an integrated manufacturer of agricultural machinery and construction equipment. The company primarily produces Tractors ranging from 16 HP to 110 HP, Pick & Carry Cranes with capacities ranging from 9 tons to 30 tons, and other farm equipment, including Harvester Combines and Rotavators. In addition to manufacturing, Indo Farm ensures after-sales services, including financing through its in-house NBFC. A significant portion of its sales comes from domestic markets (around 93%), with exports making up the remaining 7%. The company operates from a 127,840 sq. m manufacturing facility in Baddi, Himachal Pradesh. The company has a diverse product portfolio that caters to the needs of the agriculture, infrastructure, construction, and heavy engineering sectors.
Read our in-depth analysis of the Indo Farm Equipment Ltd IPO Here 
Category
Status
QIBs
242.4x
NIIs
501.6x
Retail
101.4x
Others
--
Total
227.4x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Om Power Transmission | 166 - 175 | 09-Apr-2026 to 13-Apr-2026 |
| Safety Controls & Devices | 75 - 80 | 06-Apr-2026 to 08-Apr-2026 |
| Emiac Technologies | 93 - 98 | 27-Mar-2026 to 08-Apr-2026 |
| Vivid Electromech | 528 - 555 | 25-Mar-2026 to 30-Mar-2026 |
The issue size of Indo Farm Equipment is ₹260.15 Cr.
Indo Farm Equipment falls into Machinery & Equipments industry.
The Indo Farm Equipment IPO will be listed on both NSE and BSE.
The open and close dates for the Indo Farm Equipment are 31-Dec-2024 & 02-Jan-2025.
The price band for the Indo Farm Equipment ipo is ₹204 to ₹215
The listing date of Indo Farm Equipment IPO is 07-Jan-2025.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Indo Farm Equipment total subscription ratio is 227.4X.
Key financial of the Indo Farm Equipment are:
| Indo Farm Equipment | FY-24 | FY-23 | FY-22 |
|---|---|---|---|
| Revenue (₹ Cr) | 375.23 | 370.76 | 352.08 |
| EBIT (₹ Cr) | 51.46 | 48.83 | 42.48 |
| Proft after Tax (₹ Cr) | 15.4 | 15.37 | 13.72 |
| Debt (₹ Cr) | 270.54 | 280.65 | 275 |
| Net Worth (₹ Cr) | 317.06 | 290.37 | 274.8 |
| RoE (%) | 4.86 | 5.29 | 4.99 |
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