ndo Farm Equipment Limited

Price
₹204 - ₹215
Lot
69
Subs.
N/A
Expected Listing Earning

Exp. Premium(GMP):
70.95(33.00%)
IPO Details

Open Date: 31-Dec-2024
Close Date: 02-Jan-2025
Allotment Date: 03-Jan-2025
Listing Date: 07-Jan-2025
Listing Price: ₹256/-
Face Value: ₹₹10 per share Per Equity Share
Issue Price: N/A
Issue Size: N/A
Market Lot (Min Amount): N/A
Valuations

Earning Per Share(EPS)N/A
P/E RatioN/A
Earning Per Share(EPS)N/A
Earning Per Share(EPS)N/A
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,2024647.95375.9515.6
31 Mar,2023622.84371.8215.37
31 Mar,2022619.83352.5213.72
Promoter(s)

Pre Issue Share HoldingN/A%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. Ranbir Singh Khadwalia
2. Sunita Saini
Issue Objective(s)

  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
About Company

Incorporated in 1994, Indo Farm Equipment Limited is engaging in the manufacturing of 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, and 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 720 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.

They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.

As of June 30, 2023, They had 886 employees on payroll.

Competitive Strengths:

  • Fully Integrated and established Manufacturing Setup
  • Well Educated & Experienced Management
  • In-House NBFC Setup
  • Manufacturing Wide Range of Products
  • Product acceptability in multiple countries and a wide variety of financial institutions
Disclaimer

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