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INDOFARMEQ / NSE, BSEListed
Indo Farm Equipment

Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors from 16 HP to 110 HP and cranes with capacities of 9 to 30 tons at its Baddi, Himachal Pradesh facility, which spans 127,840 sq. meters and includes a captive foundry, machine shop, and assembly units, with annual capacities of 12,000 tractors and 1,280 cranes. To meet growing demand, it has acquired additional land to expand crane production by 3,600 units annually. Indo Farm exports to Nepal, Syria, Sudan, Bangladesh, Myanmar, and other countries, and employs 938 people as of June 30, 2024.

₹204 - ₹215354.44x sub
Listed Price₹256.00
Listing Gain+19.07%

IPO Schedule & Timeline

Bookbuilding IPO
Open31 Dec 2024
Close02 Jan 2025
Allotment03 Jan 2025
Listing07 Jan 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB24,20,000 shares
28.57%
HNI18,15,000 shares
21.43%
Retail42,35,000 shares
50%

Minimum Application Lots

Retail1 Lot (69 shares)
₹14,835
sHNI14 Lots (966 shares)
₹2,07,690
bHNI68 Lots (4,692 shares)
₹10,08,780

Company Promoters

Ranbir Singh KhadwaliaSunita Saini

Company Background

Incorporated in 1994, Indo Farm Equipment Limited manufactures tractors, pick & carry cranes, and other harvesting equipment under the brands Indo Farm and Indo Power. The company produces tractors from 16 HP to 110 HP and cranes with capacities of 9 to 30 tons at its Baddi, Himachal Pradesh facility, which spans 127,840 sq. meters and includes a captive fou...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Jun-24 )₹76 Cr
Growth-78.5%
Revenue Trend (₹ in Crores)
0.0144.1288.3432.4Mar-22Mar-23 Mar-24 Jun-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Jun-24 762644245
Mar-24 37616648271
Mar-23 37215623281
Mar-2235314620275

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Jun-24 0.630.74%1.73%0105.25
Mar-24 4.155.13%8.96%54.390
Mar-234.095.44%8.84%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Mas Services Limited

Allotment Finalized
Allotment Date
03 Jan 2025
Official Status
Out / Finalized
Registrar
Mas Services Limited
Listing Date
07 Jan 2025

Official Allotment Verification Links

Official Registrar Portal
Mas Services Limited

Direct allotment verification on the official registrar portal appointed for Indo Farm Equipment. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization03 Jan 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date07 Jan 2025Trading commences on exchange

How to Check Indo Farm Equipment Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Indo Farm Equipment from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Indo Farm Equipment IPO

Complete issue overview for Indo Farm Equipment (INDOFARM) IPO. The issue features an equity share price band of ₹204 – ₹215 per share with a minimum retail lot size of 69 Shares (minimum application amount of ₹14,835). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions