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Indo Farm Equipment IPO
Indo Farm Equipment Ltd
₹14,076 /69 sharesMinimum Investment
Indo Farm Equipment IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹215.00 | ₹256.00 | ₹41.00 (19.07%) |
Indo Farm Equipment IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 31 Dec ‘24 - 2 Jan ‘25 | ₹14,076 | 69 | ₹204 - ₹215 |
| Issue Size | IPO Doc |
|---|---|
| 260.15Cr | RHP PDF |
Subscription rate
As of 02 Jan'25, 05:00 PM
| Qualified Institutional Buyers | 242.40x |
| Non-Institutional Investor | 500.75x |
| Retail Individual Investor | 98.86x |
| Total | 225.99x |
About Indo Farm Equipment
Founded in
1994
Managing director
Mr. Ranbir Singh Khadwalia
Parent organisation
Indo Farm Equipment Ltd
Indo Farm Equipment Ltd IPO
https://www.youtube.com/watch?v=Rzk8lujVb2Q
Strengths & Financials of Indo Farm Equipment
Strengths
Risks
Indo Farm Equipment manufacturing facilities are ISO 9001:2015 certified for quality management systems.
The company claims that the facilities are equipped with advanced machinery, including induction furnaces, pneumatic molding machines, an automatic molding line, a sand plant, and a fully equipped metallurgy and sand testing laboratory. Additional units include a machining centre, gear shop, press shop, fabrication shop, paint shop, assembly unit, quality room, and utility room.
As of August 31, 2023, the production facilities have an annual capacity to produce 12,000 tractors and 720 pick-and-carry cranes. The company manufactures tractors ranging from 16 HP to 110 HP and pick-and-carry cranes with lifting capacities ranging from 9 tonnes to 30 tonnes.
The company’s products are marketed and distributed through a network of over 140 dealers across states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, and Rajasthan.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 267.78 crore in FY21 to Rs 352.08 crore in FY22 to Rs 370.76 crore in FY23. PAT increased from Rs 8.49 crore in FY21 to Rs 13.72 crore in FY22 to Rs 15.56 crore in FY23.
The company, its promoters, directors, and subsidiary are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
A major portion of the company’s revenue comes from the sale of tractors and pick & carry cranes. Tractors contributed Rs 174.48 crore (69.30%) in FY21, Rs 257.32 crore (77.77%) in FY22, and Rs 226.89 crore (65.46%) in FY23 to the total sales and cranes contributed Rs 76.47 crore (30.37%) in FY21, Rs 72.13 crore (21.80%) in FY22 and Rs 118.71 crore (34.25%) in FY23 to the total sales. Any decline in demand or disruptions in the manufacturing of these products could negatively impact the company’s business and financial performance.
The company primarily operates in North India. Any adverse developments in the business environment of this region could negatively impact the company's operations.
The company has contingent liabilities totalling Rs 18.24 crore as of March 31, 2023. If these liabilities materialise they could harm the company’s financial position.
The company’s business relationships are concentrated among a limited number of dealers, with its top 10 dealers contributing 19.75% of revenue for FY23 and 23.63% for FY22. If these relationships are strained or terminated, the company’s revenue and operational results could be adversely affected.
As of March 31, 2023, the company’s total outstanding borrowings amounted to Rs 280.65 crore. Any inability to repay or service these loans could adversely affect the company’s financial position.
Indo Farm Equipment Financials
*All values are in Rs. Cr
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Application Details of Indo Farm Equipment IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹204 - 215 | Upto ₹2 Lakh |
| High Networth Individual | ₹204 - 215 | ₹2 - 5 Lakh |
For Indo Farm Equipment IPO, eligible investors can apply as Regular.