About Indo Farm Equipment:
Incorporated in 1994, Indo Farm Equipment Limited is a fully integrated manufacturer with over two decades of experience. The company specializes in the production of Tractors and Pick & Carry Cranes, alongside the ancillary manufacturing of other farm equipment, such as Harvester Combines, Rotavators, and related spares and components, which do not significantly contribute to the company’s total revenue. As of Fiscal 2024, Indo Farm’s business is primarily divided into three segments: Tractors (52.16%), Pick & Carry Cranes (47.77%), and Others (0.07%), reflecting their respective contributions to total product revenue. Additionally, the company operates an asset financing business, focusing on retail financing for tractors, through its wholly owned subsidiary, Barota Finance Limited, a registered NBFC with the Reserve Bank of India.
About the Industry in which Indo Farm Equipment operates:
The global tractor market is expected to grow from USD 84.80 billion in 2024 to USD 114.5 billion by 2029, with a compound annual growth rate (CAGR) of 5.90% during the forecast period. Tractors remain one of the most crucial pieces of machinery in the mechanization of agricultural activities worldwide. The global mobile crane market is forecast to expand from USD 21.10 billion in 2024 to USD 29.10 billion by 2029, growing at a CAGR of 6.65% over the same period. The global agricultural equipment market is projected to rise from USD 180.81 billion in 2023 to USD 296.61 billion by 2030, with a CAGR of 7.3% during the forecast period.
| Important Information and Timelines of the IPO of Indo Farm Equipment: | |
|---|---|
| Open Date | 31 December 2024 |
| Close Date | 2 January 2025 |
| Total Issue Size – Number of Shares | 12100000 |
| Minimum Bid Price | 204 |
| Maximum Bid Price | 215 |
| Lot Size | 69 |
| Basis of Allotment | 3 January 2025 |
| Initiation of Refunds and Credit of Shares to Demat | 6 January 2025 |
| Listing Date | 7 January 2025 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Indo Farm Equipment:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 69 | 14835 |
| Retail – Maximum | 13 | 897 | 192855 |
| sHNI – Minimum | 14 | 966 | 207690 |
| sHNI – Maximum | 67 | 4623 | 993945 |
| bHNI – Minimum | 68 | 4692 | 1008780 |
Objective of the IPO of Indo Farm Equipment:
The company plans to establish a new dedicated unit to expand its manufacturing capacity for Pick & Carry Cranes. Additionally, it intends to repay or prepay, either in full or in part, certain borrowings incurred by the company. Further investment will be made in its NBFC subsidiary, Barota Finance Ltd., to enhance its capital base and support future capital requirements. The company also intends to allocate funds for general corporate purposes.
Financials of Indo Farm Equipment:
Here is the data presented in a tabular format:
| Particulars | For the period ended June 30, 2024 | For the year ended March 31, 2024 | For the year ended March 31, 2023 | For the year ended March 31, 2022 |
|---|---|---|---|---|
| Share Capital | 394.52 | 375.52 | 187.76 | 187.76 |
| Net Worth | 3,422.45 | 3,170.62 | 2,903.74 | 2,748.03 |
| Total Income (Including Other Income) | 755.38 | 3,759.53 | 3,718.18 | 3,525.21 |
| Profit after tax | 24.54 | 155.95 | 153.72 | 137.19 |
| Basic and Diluted EPS | 0.63 | 4.15 | 4.09 | 3.65 |
| Net Asset Value per share | 86.75 | 84.43 | 154.65 | 146.36 |
| Total Borrowings | 2,453.63 | 2,705.39 | 2,806.53 | 2,750.01 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Indo Farm Equipment. You will receive a UPI mandate after 10:00 AM on 31 December 2024.
###1. How to apply for the IPO of Indo Farm Equipment on Dhan?
You can apply for the IPO of Indo Farm Equipment from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Indo Farm Equipment be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 6 January 2025. However, you will be able to see the shares of Indo Farm Equipment on Dhan before the market starts on the listing date which is 7 January 2025.