Indo Farm Equipment IPO Details, Financials, Valuation & Peers

Indo Farm Equipment Limited, established in 1994, is a integrated manufacturer of tractors and pick-and-carry cranes with over two decades of expertise in the agricultural and industrial equipment sectors. The company also produces harvester combines, rotavators, and related spares. Headquartered in Baddi, Himachal Pradesh, its ISO 9001:2015-certified facilities span 127,840 sq. meters and are equipped with cutting-edge technology, including a captive foundry, machining center, and assembly units. Indo Farm Equipment's product range includes tractors (16 HP to 110 HP) and cranes (9 tons to 30 tons), catering to agriculture, infrastructure, construction, and heavy engineering sectors. With a well-established dealer network and in-house NBFC for retail financing, the company ensures seamless product delivery and customer support.

Key Points:

• Core Products:
  • Tractors ranging from 16 HP to 110 HP.
  • Pick-and-carry cranes with capacities from 9 tons to 30 tons.
  • Ancillary equipment: Harvester combines, rotavators, and spare components.
• Manufacturing:
  • Integrated operations with in-house production of critical components.
  • Advanced facilities include induction furnaces, automatic molding lines, gear shops, paint shops, and quality control labs.
  • Annual production capacity: 12,000 tractors and 1,280 cranes, with plans to expand crane capacity by 3,600 units.
• Geographic Reach:
  • Strong domestic presence, contributing 93% of sales.
  • Exporting to multiple countries, accounting for 7% of sales.
• Market Applications:
  • Agriculture, infrastructure, construction, heavy engineering, and industrial projects.
• Distribution and Financing:
  • Extensive network of 175 dealers across key states like Punjab, Haryana, Maharashtra, Gujarat, and Rajasthan.
  • In-house NBFC launched in 2017 to provide retail financing for tractors.