The Indo Farm Equipment IPO, a book-built issue aggregating ₹260.15 crores, is set to open for subscription on December 31, 2024, and will close on January 2, 2025. The IPO comprises a fresh issue of 0.86 crore shares totaling ₹184.90 crores and an offer for sale of 0.35 crore shares, valued at ₹75.25 crores.

Here’s a comprehensive breakdown of the IPO and the company behind it.

IPO Details

• Price Band: ₹204 to ₹215 per share
• Lot Size: Minimum 69 shares
• Minimum Investment:
  • Retail Investors: ₹14,835 (1 lot)
  • Small NII (sNII): ₹2,07,690 (14 lots, 966 shares)
  • Big NII (bNII): ₹10,08,780 (68 lots, 4,692 shares)
• Listing Platforms: BSE and NSE
• Subscription Dates:
  • Opens: December 31, 2024
  • Closes: January 2, 2025
• Allotment Date: January 3, 2025
• Listing Date: January 7, 2025

Key Stakeholders:

• Lead Manager: Aryaman Financial Services Limited
• Registrar: Mas Services Limited

About Indo Farm Equipment Limited

Founded in 1994, Indo Farm Equipment Limited specializes in manufacturing tractors, pick & carry cranes, and other harvesting equipment. With a robust production capacity and a wide product portfolio, the company serves domestic and international markets, exporting to countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar.

Products and Manufacturing Capabilities

• Tractors: Ranging from 16 HP to 110 HP
• Pick & Carry Cranes: Ranging from 9 to 30 tons
• Annual Production Capacity:
  • Tractors: 12,000 units
  • Pick & Carry Cranes: 1,280 units

The manufacturing facility spans 127,840 sq. meters in Baddi, Himachal Pradesh, and includes a foundry, machine shop, fabrication, and assembly units.

To meet increasing demand, the company has acquired additional industrial land near its current facility to set up a new pick & carry crane manufacturing unit, which will add a capacity of 3,600 units annually.

As of June 30, 2024, Indo Farm Equipment Limited employs 938 personnel.

Competitive Strengths

1. Integrated Manufacturing Setup: Fully equipped with foundry and machine shops for seamless production.
2. Experienced Management: A team with deep expertise in the manufacturing and agricultural equipment industry.
3. In-House NBFC Setup: Provides customers with financial flexibility, enhancing product accessibility.
4. Wide Product Range: Diverse offerings in tractors, cranes, and harvesting equipment.
5. Global Reach: Products are accepted across multiple countries and backed by financial institutions.

Investment Highlights

The Indo Farm Equipment IPO offers investors an opportunity to participate in a company with:

• A strong manufacturing base and diverse product portfolio.
• Established market presence in domestic and international territories.
• Growth potential from the expansion of its crane production capacity.

The Current active IPO is Anya Polytech and Unimech Aerospace.

The Upcoming IPOs in this week and coming weeks are Citichem India, Indo Farm, Technichem Organics, Leo Dry Fruits.