February 16, 2024
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Indo Farm Equipment IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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- GMP
- Reviews
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What is the latest news relating to Indo Farm Equipment IPO?
Indo Farm Equipment has received approval from the Securities and Exchange Board of India (SEBI) to proceed with their respective initial public offerings (IPOs) to raise funds, on 24 January 2024.
What are the promoters of Indo Farm Equipment IPO?
The promoters of the Company are RANBIR SINGH KHADWALIA AND SUNITA SAINIINITIAL
What are the Objects of Indo Farm Equipment IPO?
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Objects of the Net Fresh Issue is to raise funds for:
1)Setting up new Dedicated Unit for Expansion of its Pick & Carry Cranes Manufacturing Capacity
2)Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
3)Further Investment in its NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
4)General Corporate Purposes
What is the business of Indo Farm Equipment?
Incorporated in 1994, Indo Farm Equipment Limited is a more than two decade old fully integrated manufacturer of world class Tractors, Pick & Carry Cranes and other farm equipment such as Harvester Combines, Rotavators and other related spares & components. Its products are sold under its own brand names.
Its products are being exported to various countries. Its total sales for last three financial years include 90% domestic sales and 10% export sales. Its ISO 9001:2015 certified manufacturing facilities are spread across 127,840 sq. mtrs. of Industrial lands at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicated machine shop, fabrication and assembling units for Tractors, pick & Carry Cranes and other equipments.
The facilities are equipped with induction furnaces, pneumatic molding machines, automatic molding line, sand plant, fully equipped Metallurgy and Sand Testing Laboratory, Machining Center, Gear Shop, Press Shop, Fabrication Shop, Paint Shop, Assembly unit, Quality Room & Utility room.
Its integrated operations enable it to manufacture some of the critical machine components in-house which reduces its dependence on third parties, streamlines its production process and improves its operational efficiencies. In addition, it also enables it to maintain control over the entire manufacturing process and also provide better delivery timelines to its customers at a more competitive cost.
As on August 31, 2023, its production facilities have a capacity to manufacture 12,000 Tractors p.a. & 720 Pick & Carry Cranes p.a. It is currently manufacturing Tractors ranging from 16 HP to 110HP and Pick & Carry Cranes ranging from 9 tons to 30 tons. It has recently acquired industrial land near its manufacturing facility wherein it intends to set up additional dedicated Pick & Carry Crane manufacturing unit and increase its additional capacity by 3,600 units p.a. Its products have a proven standing and market in various sectors such as Agriculture, Infrastructure, Construction, Heavy Engineering and Industrial Projects.
For more information, click www.indofarm.in
Indo Farm Equipment IPO GMP, Particulars & Guidance
| Indo Farm Equipment IPO Details | |
| IPO opens on | ?, 2024 |
| IPO closes on | ?, 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 14000000 Sh /Rs ? Cr |
| * Fresh Issue | 10500000 Sh /Rs ? Cr |
| * Offer for Sale | 3500000 Sh /Rs ? Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Indo Farm Equipment? | Shares | Rs. in Cr |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees | – | – |
| Total Shares | ? | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Indo Farm Equipment IPO ? | Amount Rs. | |
| Min Retail Application | – Sh | – |
| Max Retail Application | – Sh | – |
| Small HNI (Min) application | – Sh | – |
| Small HNI (Max) application | – Sh | – |
| Big HNI Application | – Sh | – |
| What is the timetable of Indo Farm Equipments IPO? | |
| IPO opens on | 2024 |
| IPO Closes on | 2024 |
| IPO Allotment on | 2024 |
| Unblocking of Asba | 2024 |
| Credit of Shares | 2024 |
| Listing of Shares | 2024 |
| Registered Office of Indo Farm Equipment | |
| SCO 859 N.A.C ManimajraKalka Road Chandigarh 160101, India; |
|
| Who are the Lead Managers of Indo Farm Equipment IPO? ARYAMAN FINANCIAL Services ltd |
|
| Registrar to IPO | |
| MAS Services Limited |
| Indo Farm Equipment IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 268.59 | 8.49 | 2.26 | 3.25 |
| 2021-22 | 352.61 | 13.72 | 3.65 | 4.99 |
| 2022-23 | 371.82 | 15.56 | 4.14 | 5.36 |
| Book Value of the Share on 31.03.2023 | Rs. | 77.38 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Indo Farm Equipment IPO Ratio Analysis |
|
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Indo Farm Equipment IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Indo Farm Equipment | 10 | 370.76 | ? |
| Escorts Kubota | 10 | 842869 | 54.95 |
| Action Construction Equip | 2 | 2159.67 | 46.71 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Indo Farm Equipment IPO Guidance
This is the much-awaited IPO. Once the price band is finalized, we will provide our guidance.
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