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Indo Farm Equipment IPO: All You Need to Know
The Indo Farm Equipment IPO is generating significant interest among investors in the manufacturing sector. Here's a complete breakdown of the IPO, including its key details, objectives, financials, and reservation details to help you make an informed decision.
Indo Farm Equipment IPO Key Details
Details | Information |
---|---|
IPO Opening Date | December 31, 2024 |
IPO Closing Date | January 2, 2025 |
Allotment Finalization | January 3, 2025 |
Listing Date | January 7, 2025 |
Price Band | ₹204 to ₹215 per share |
Lot Size | 69 shares |
Minimum Investment | ₹14,835 |
Total Issue Size | ₹260.15 crores |
Fresh Issue | ₹184.90 crores (0.86 crore shares) |
Offer for Sale (OFS) | ₹75.25 crores (0.35 crore shares) |
Listing on | BSE and NSE |
Company Background
Incorporated in 1994, Indo Farm Equipment Limited is a leading manufacturer of tractors, pick-and-carry cranes, and other harvesting equipment. The company operates under two brands—Indo Farm and Indo Power—and has a global footprint, exporting its products to countries like Nepal, Syria, Sudan, Bangladesh, and Myanmar.
The company is known for its quality products and is now aiming to expand its operations through this IPO.
Indo Farm Equipment IPO Reservation Details
Category | Reservation |
---|---|
QIB (Qualified Institutional Buyers) | Not more than 50% of the net issue |
Retail Investors (RIIs) | Not less than 35% of the net issue |
NII (Non-Institutional Investors) | Not less than 15% of the net issue |
Financial Performance
The company has shown modest growth in revenue and profits, with a steady reduction in borrowings, which indicates better financial discipline. Objects of the IssueThe IPO proceeds will be utilized for:
Investment ConsiderationsWhy Invest?
What to Watch Out For?
FAQs About Indo Farm Equipment IPO1. What is the Indo Farm Equipment IPO price band?The IPO price band is ₹204 to ₹215 per share.2. What are the Indo Farm Equipment IPO dates?The IPO opens on December 31, 2024, and closes on January 2, 2025.3. What is the lot size for Indo Farm Equipment IPO?The minimum lot size is 69 shares, requiring a minimum investment of ₹14,835.4. When will Indo Farm Equipment IPO be listed?The IPO is expected to list on January 7, 2025, on BSE and NSE.5. What is Indo Farm Equipment IPO GMP?The Grey Market Premium (GMP) will be updated closer to the listing date. Stay tuned for updates to gauge listing gains.6. What are the objectives of the Indo Farm Equipment IPO?The IPO funds will be used for expanding manufacturing capacity, repaying debt, investing in their NBFC subsidiary, and general corporate purposes.ConclusionThe Indo Farm Equipment IPO offers a unique opportunity to invest in a company with a solid track record and ambitious growth plans. While growth has been modest, the company’s consistent profitability and efforts to reduce debt make it a promising investment.Investors should keep an eye on the Grey Market Premium (GMP) and consult financial advisors before making decisions. Are you planning to invest in the Indo Farm Equipment IPO? Share your thoughts in the comments below! Indo Farm Equipment IPO, Indo Farm Equipment IPO dates, Indo Farm Equipment IPO GMP, Indo Farm Equipment IPO price, Indo Farm Equipment IPO lot size, Indo Farm Equipment IPO objectives, Indo Farm Equipment IPO allotment date. |
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