Indo Farm Equipment Limited, a prominent manufacturer of tractors and agricultural machinery, is set to launch its Initial Public Offering (IPO) on December 31, 2024. This IPO presents an opportunity for investors interested in the agricultural equipment sector to participate in the company’s growth trajectory.

Company Overview

Established in 1994, Indo Farm Equipment Limited specializes in the production of tractors ranging from 16 HP to 110 HP, pick-and-carry cranes with capacities between 9 to 30 tons, and other harvesting equipment. Operating under the brands Indo Farm and Indo Power, the company exports its products to countries including Nepal, Syria, Sudan, Bangladesh, and Myanmar. Its manufacturing facility in Baddi, Himachal Pradesh, spans 127,840 square meters and boasts an annual production capacity of 12,000 tractors and 720 cranes.

IPO Timeline

• IPO Opening Date: December 31, 2024
• IPO Closing Date: January 2, 2025
• Basis of Allotment Finalization: January 3, 2025
• Initiation of Refunds: January 6, 2025
• Credit of Shares to Demat Accounts: January 6, 2025
• Listing Date: January 7, 2025

Price Band and Lot Size

• Price Band: ₹204 to ₹215 per share
• Face Value: ₹10 per share
• Minimum Lot Size: 69 shares
• Minimum Investment Amount: ₹14,835

Key Dates

• IPO Opening Date: December 31, 2024
• IPO Closing Date: January 2, 2025
• Allotment Date: January 3, 2025
• Listing Date: January 7, 2025

Financials

The company’s financial performance over the past three years is as follows:

Strengths

• Integrated Manufacturing Facility: The company operates an ISO 9001:2015 certified facility with a captive foundry, machine shop, and assembly units.
• Diverse Product Range: Offers a wide range of tractors and cranes catering to various market needs.
• Experienced Management: Led by a team with extensive industry experience.
• Global Presence: Exports products to multiple countries, enhancing its international footprint.

Risks

• Market Dependence: Significant reliance on the agricultural sector’s performance.
• Regulatory Challenges: Subject to various regulations that could impact operations.
• Capacity Utilization: Under-utilized capacity for tractors may affect operational efficiency.

IPO Anchor Investors Details

As of the latest available information, specific details regarding anchor investors have not been disclosed.

IPO Promoter Holding

IPO Grey Market Premium (GMP)

Final Thoughts

Indo Farm Equipment Limited’s IPO offers investors an opportunity to invest in a well-established company within the agricultural machinery sector. Potential investors should carefully consider the company’s strengths and risks, along with current market conditions, before making investment decisions.