Indo Farm Equipment Limited – Globe Capital Market LTD.
Indo Farm Equipment Limited
Closed
Price Band
₹204 to ₹215 per share
IPO Issue Period
December 31, 2024 to January 2, 2025
Issue Size
₹260.15 Cr
Face value
₹10 per share
Fresh issue
₹ 184.90 Cr
Offer for sale
₹75.25 Cr
Minimum Shares for Retail
69 Shares
Listing on
BSE, NSE
Issue Type
Book Built Issue IPO
Registrar to the Issue
Mas Services Limited
Tentative Listing Date
Tuesday, January 7, 2025
QIB
50%
NII
15%
Retail
35%

Aryaman Financial Services Limited

Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment. The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.

The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually. The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.

For the year/period ended (Rs. in Cr.)

FY24 FY23 FY22
Total Revenue 375.95 371.82 352.52
Profit After Tax 15.60 15.37 13.72
EPS 4.15 4.09 3.65
OPM (%) 16.66% 15.84% 14.79%
PATM (%) 4.16% 4.15% 3.90%

 

For year/ period ended ( in Cr.)

Company Name Market Cap (Cr.) Price P/BV P/E Sales (Cr.)
FY23
Net Profits(Cr.)
FY23
Indo Farm Equipment Limited 1033.11 215 2.55 51.80 375.95 15.60
Action Construction Equipment Ltd. 17,256.94 1,449.15 12.47 47.19 756.69 94.82
Escorts Kubota Ltd. 36,475.50 3,260.30 3.71 31.63 2,488.49 324.33

 

 

 

  • Fully Integrated and established Manufacturing Setup
  • Well educated and experienced management
  • In-house NBFC Setup
  • Manufacturing Wide Range of Products
  1. Setting up new Dedicated Unit for Expansion of their 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 NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
  4. General Corporate Purposes

The company is fully integrated tractor and pick and carry cranes and, farm equipment manufacturer. It is in the expansion mode for its pick and carry cranes capacities to meet rising demands. Considering the future growth prospects, well-informed investors may subscribe this IPO for medium to long term.

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