Indo Farm Equipment IPO Details, Financials, Valuation & Peers
Explore Indo Farm Equipment IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
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.
Objects of the Issue
- Setting up new Dedicated Unit for Expansion of the Pick & Carry Cranes Manufacturing Capacity
- Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
- Further Investment in the NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
- General Corporate Purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 31 Dec - 02 Jan 2025 |
| IPO Price Band | ₹204 - ₹215 per share |
| Fresh Issue | 8,600,000 shares (₹184.90 crore) |
| Offer For Sale | 3,500,000 shares (₹75.25 crore) |
| Total IPO Size | ₹260.15 crore |
| Face Value | ₹10 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 31 Dec 2024 |
| IPO Closing Date | 02 Jan 2025 |
| Basis Of Allotment | 03 Jan 2025 |
| Refunds | 06 Jan 2025 |
| Demat Transfer | 06 Jan 2025 |
| IPO Listing Date | 07 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| Total Income | 352.52 | 371.82 | 375.95 | 75.54 |
| Total Expenses | 333.34 | 349.57 | 352.06 | 71.79 |
| Net Profit/Loss | 13.72 | 15.37 | 15.60 | 2.45 |
| NPM (*) | 3.90 | 4.15 | 4.16 | 3.27 |
| Total Assets | 619.83 | 622.84 | 647.95 | 644.27 |
| Total Liabilities | 345.03 | 332.45 | 330.89 | 302.02 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jun 2024 |
|---|---|---|---|---|
| EPS | 3.65 | 4.09 | 4.15 | 0.63 |
| ROE (%) | 5.12 | 5.44 | 5.13 | 0.74 |
| ROCE (%) | 7.96 | 8.84 | 8.96 | 1.73 |
| D/E Ratio | 3.88 | 3.48 | 3.09 | 2.66 |
| Current Ratio | 12.66 | 11.11 | 9.29 | 2.23 |
| EBITDA MARGIN (%) | 14.79 | 15.84 | 16.66 | 16.88 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Senores Pharmaceuticals Limited | 214.52 | 32.02 | 12.21 | 23.60 | 66.96 |
| Ajanta Pharma Limited | 4,208.71 | 43.34 | 64.77 | 23.47 | 281.60 |
| Alembic Pharmaceuticals Limited | 6,228.63 | 33.90 | 31.33 | 13.40 | 245.12 |
| Caplin Point Laboratories Limited | 1,694.10 | 40.84 | 59.90 | 21.69 | 309.03 |
| Gland Pharma Limited | 5,664.72 | 37.27 | 46.90 | 9.26 | 529.65 |
| Strides Pharma Science Limited | 4,051.12 | Negative | -7.76 | -4.44 | 225.43 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
MAS Services Limited
Phone: +91 112 638 7281/83, 114 132 0335
Email: ipo@masserv.com
Website: www.masserv.com
Company Promoters
- RANBIR SINGH KHADWALIA
- SUNITA SAINI
Lead Managers
- Aryaman Financial Services Limited
Company Address
Indo Farm Equipment Limited
SCO 859N.A.C Manimajra Kalka Road Chandigarh 160101, India.
Phone: 0172-2730060
Email: compliance@indofarm.in
Website: www.indofarm.in
FAQs
- What is the issue size of the Indo Farm Equipment IPO?The Indo Farm Equipment IPO has an issue size of ₹260.15 crore. This includes a fresh issue of 8,600,000 shares (₹184.90 crore) and an offer for sale (OFS) of 3,500,000 shares (₹75.25 crore).
- What is the price band of the Indo Farm Equipment IPO?The price band for the Indo Farm Equipment IPO is ₹204 - ₹215 per share.
- What are the bidding dates for the Indo Farm Equipment IPO?The Indo Farm Equipment IPO will open for bidding on 31 Dec 2024 and close on 02 Jan 2025.
- What is the allotment date for the Indo Farm Equipment IPO?The allotment date for the Indo Farm Equipment IPO is 03 Jan 2025.
- What is the minimum lot size and investment required for the Indo Farm Equipment IPO?The minimum lot size for the Indo Farm Equipment IPO is 69 shares and the minimum investment required is ₹14,835.
- What is the listing date for the Indo Farm Equipment IPO?The listing date for the Indo Farm Equipment IPO is 07 Jan 2025.
- What is the Indo Farm Equipment IPO grey market premium?The grey market premium (GMP) for the Indo Farm Equipment IPO is currently at ₹85, with an expected listing gain of approximately 39.53%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.