₹ 14835
₹204- ₹215
69
₹256
19
2 Jan 2025
Download6 Jan 2025
7 Jan 2025
Application Details
The Indo Farm Equipment IPO will be open for subscription from December 31, 2024, to January 2, 2025. The IPO is a mix of a fresh issue and an offer for sale, with a face value of ₹10 per share and a price band set at ₹204 to ₹215 per share. The total issue size comprises 1.21 crore shares, aggregating up to ₹260.15 crore, including a fresh issue of 86 lakh shares worth ₹184.90 crore and an offer for sale of 35 lakh shares worth ₹75.25 crore. Investors can apply in lots of 69 shares, with the IPO scheduled to list on January 7, 2025.
Key dates include the basis of allotment announcement on January 3, 2025, followed by refunds and credit of shares to demat accounts on January 6, 2025. Retail investors can apply for a minimum of one lot (69 shares) costing ₹14,835, with a maximum of 13 lots (897 shares) costing ₹1,92,855.
In terms of allocation, not more than 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), not less than 35% for retail investors, and at least 15% for Non-Institutional Investors (NIIs).
About Indo Farm Equipment Limited
Company Overview
Established in 1994, Indo Farm Equipment Limited specializes in manufacturing tractors, Pick & Carry Cranes, and other harvesting equipment. The company operates under two brands, Indo Farm and Indo Power, and exports its products to various countries, including Nepal, Syria, Sudan, Bangladesh, and Myanmar.
Product Range and Manufacturing Capabilities
Indo Farm manufactures tractors ranging from 16 HP to 110 HP and Pick & Carry Cranes with capacities from 9 to 30 tons. Their manufacturing facility in Baddi, Himachal Pradesh, spans 127,840 sq. meters and includes an integrated setup with a foundry, machine shop, and assembly units. The facility has an annual production capacity of 12,000 tractors and 1,280 Pick & Carry Cranes.
To support future growth, the company has acquired additional industrial land near its existing facility to establish a new Pick & Carry Crane manufacturing unit. This expansion aims to increase crane production capacity by 3,600 units annually.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.