Indo Farm Equipment Limited IPO – Review
Indo Farm Equipment Limited – a distinguished ISO-certified Crane and Tractor Manufacturing company is planning to raise INR 260.15 Crore via IPO [Fresh Issue 184.90 Cr + OFS 75.25 Cr]
Indo farm ipo price is set at INR 204 to INR 215 per share
Indo Farm Equipment: History
Incorporated in the year 1994, Indo Farm Equipment Limited is an ISO 9001:2015 Certified Company located in the foothills of the beautiful State of Himachal Pradesh (India)
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Indo Farm Equipment: Business
Indo Farm Equipment Limited is a fully integrated manufacturer of –
(1) world-class Tractors,
(2) Pick & Carry Cranes, and
(3) other Farm Equipment such as Rotavators, Harvester Combines, and other related spares & components.
The company’s state-of-the-art manufacturing facility spans across 34 acres and is dedicated to crafting “Farming Tractor models” ranging from 20 HorsePower (HP) to 110 HorsePower (HP), featuring numerous variants to cater to diverse needs.
The company’s facilities are equipped with –
- Induction furnaces,
- Pneumatic molding machines,
- An automatic molding line,
- A sand plant,
- A fully equipped Metallurgy and Sand Testing Laboratory,
- A Machining Center,
- A Gear Shop, a Fabrication Shop, a Press Shop, Paint Shop,
- Assembly unit, and
- Quality & Utility room
Capacity
With an installed capacity of 18,000 Tractors, 20,000 Engines, and 2,400 Cranes per annum, Indo Farm Equipment Limited is committed to delivering excellence.
Network
The Company’s products are marketed and distributed by more than 140 dealers from various states such as Gujarat, Haryana, Maharashtra, Punjab, Rajasthan, Uttar Pradesh etc.
Strategies Ahead
- Augment capital base for expanding and scaling our operations
- Reduce Debt and improve Debt/Equity Ratio
- Focus on the niche market segment of “Pick and Carry Cranes”
- Augment Sales Force and Dealer Network
Company Promoters
- Ranbir Singh Khadwalia
- Sunita Saini
IPO Details
Indo farm ipo date is set from 31 Dec 2024 to 2 Jan 2025
Minimum Amount = INR 14,835
Face Value (FV) = INR 10
Minimum Bid = 69 Shares
Listing On = NSE, BSE
Book Running Lead Managers
Aryaman Financial Services Limited
Financials
CONCLUSION
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