Indo Farm Equipment Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 31-12-2024 | 02-01-2025 | 10 per share | 215 | 69 Shares | BSE, NSE | - | 2025-01-03 00:00:00 | 2025-01-06 00:00:00 | 2025-01-06 00:00:00 | 07-01-2025 |
About The Company
Indo Farm Equipment IPO is a book built issue of Rs 260.15 crores. The issue is a combination of fresh issue of 0.86 crore shares aggregating to Rs 184.90 crores and offer for sale of 0.35 crore shares aggregating to Rs 75.25 crores.
Indo Farm Equipment IPO opens for subscription on December 31, 2024 and closes on January 2, 2025. The allotment for the Indo Farm Equipment IPO is expected to be finalized on Friday, January 3, 2025. Indo Farm Equipment IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 7, 2025.
Indo Farm Equipment IPO price band is set at ₹204 to ₹215 per share. The minimum lot size for an application is 69. The minimum amount of investment required by retail investors is ₹14,835. The minimum lot size investment for sNII is 14 lots (966 shares), amounting to ₹2,07,690, and for bNII, it is 68 lots (4,692 shares), amounting to ₹10,08,780.
Aryaman Financial Services Limited is the book running lead manager of the Indo Farm Equipment IPO, while Mas Services Limited is the registrar for the issue.
Refer to Indo Farm Equipment IPO RHP for detailed information.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2022 | 620 | 353 | 14 | 274.8 | 0 | 275 |
| 31-03-2023 | 623 | 623 | 15 | 15.37 | 0 | 280.65 |
| 31-03-2024 | 648 | 376 | 16 | 317.06 | 0 | 270.54 |
| 30-06-2024 | 644 | 76 | 2 | 342.25 | 0 | 245.36 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 242.4 |
| Non-Institutional Buyers | 501.65 |
| Investors | 101.65 |
| Total | 227.57 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 69 | 14835 |
| Retail (Max) | 13 | 897 | 192855 |
| S-HNI (Min) | 14 | 966 | 207690 |
| S-HNI (Max) | 67 | 4623 | 993945 |
| B-HNI (Min) | 68 | 4692 | 1008780 |
IPO Listing Details
| Listing Date | 07-01-2025 |
| BSE Script Code | 544328 |
| NSE Symbol | INDOFARM |
| ISIN | INE622H01018 |
| Final Issue Price | 215 |
Promoter holdings
Ranbir Singh Khadwalia and Sunita Saini are the promoters of the company.
Contact Information of the Company
Indo Farm Equipment Limited
SCO 859,
NAC Manimajra Kalka Road,
Chandigarh 160101
Phone: 0172-2730060
Email: compliance@indofarm.in
Website: https://www.indofarm.in/
IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: ipo@masserv.com
Website: https://www.masserv.com/opt.asp
IPO Lead Manager
Aryaman Financial Services Limited (Past IPO Performance)