Indo Farm Equipment Limited IPO

Incorporated in 1994, Indo Farm Equipment Limited is engaging in manufacturing Tractors, Pick & Carry Cranes, and other harvesting equipment.

The Company operates two brands: Indo Farm and Indo Power, They export their products to countries like Nepal, Syria, Sudan, Bangladesh, Myanmar, etc.

The Company manufactures tractors range 16 HP to 110 HP and pick & carry cranes range 9 to 30 tons. The facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes a foundry, machine shop, and assembly units. The Company has 12000 tractors and 1,280 Pick & Carry Cranes production capacity annually.

The Company spans 127,840 sq. meters of industrial land in Baddi, Himachal Pradesh, housing a captive foundry, machine shop, and fabrication and assembly units for tractors, pick & carry cranes, and other equipment.

They have acquired additional industrial land near the current facility to build a new pick & carry crane manufacturing unit, aiming to increase capacity by 3,600 units per year.

As of June 30, 2024, They had 938 employees on payroll.

Competitive Strengths:

  • Fully Integrated and established Manufacturing Setup
  • Well Educated & Experienced Management
  • In-House NBFC Setup
  • Manufacturing Wide Range of Products
  • Product acceptability in multiple countries and a wide variety of financial institutions

Indo Farm Equipment Limited Financial Information (Restated Consolidated)

Indo Farm Equipment Limited’s revenue increased by 1% and profit after tax (PAT) rose by 1% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets644.27647.95622.84619.83
Revenue75.54375.95371.82352.52
Profit After Tax2.4515.615.3713.72
Net Worth342.25317.06290.37274.8
Total Borrowing245.36270.54280.65275
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Indo Farm Equipment IPO is Rs 1033.11 Cr.

KPI as of Sun, Mar 31, 2024.

KPIValues
ROE5.13%
ROCE8.96%
Debt/Equity0.01
RoNW4.92%
PAT Margin4.16
Price to Book Value2.55
 
 Pre IPOPost IPO
EPS (Rs)3.952.04
P/E (x)54.39105.25
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Indo Farm Equipment IPO Objectives)

The Objects of the Net Fresh Issue is to raise funds for:

  1. Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity
  2. Repayment or pre-payment, in full or part, of certain borrowings availed by the Company
  3. Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements.
  4. General Corporate Purposes

Indo Farm Equipment IPO Details

IPO DateDecember 31, 2024 to January 2, 2025
Listing Date[.]
Face Value₹10 per share
Price Band₹204 to ₹215 per share
Lot Size69 Shares
Total Issue Size1,21,00,000 shares
(aggregating up to ₹260.15 Cr)
Fresh Issue86,00,000 shares
(aggregating up to ₹ 184.90 Cr)
Offer for Sale35,00,000 shares of ₹10
(aggregating up to ₹75.25 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share Holding Pre Issue3,94,51,600 shares
Share Holding Post Issue4,80,51,600 shares

Indo Farm Equipment IPO Promoter Holding

Ranbir Singh Khadwalia and Sunita Saini are the promoters of the company.

Share Holding Pre Issue93.45%
Share Holding Post Issue69.44%

SHARIAH SCREENING for - Indo Farm Equipment Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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