Indo Farm Equipment Ltd, a leading name in the Indian tractor and farm equipment industry, is all set to launch its Initial Public Offering (IPO). The company aims to raise as much as ₹260.15 crore through this IPO, offering shares within a price range of ₹204-215 each. This will include a fresh issue of ₹184.90 crore and an offer for sale (OFS) of ₹75.25 crore.
IPO Details:
- Price Band: ₹204 to ₹215 per share
- Face Value: ₹10 per share
- Lot Size: 69 shares
- Total Issue Size: 1,21,00,000 shares
- Fresh Issue: 86,00,000 shares
- Offer for Sale (OFS): 35,00,000 shares
Important Dates:
- Issue Open Date: December 31, 2024
- Issue Close Date: January 2, 2025
- Listing Date: January 7, 2025
- Anchor Investor Allotment: December 30, 2024
- Share Allotment Basis: January 3, 2025
- Refund Process: January 6, 2025
Indo Farm Equipment is a well-established player in the Indian tractor market, nearly three decades of experience. The company produces tractors, pick-and-carry cranes, and harvesting machinery. Indo Farm is also recognized for its strong presence in both domestic and international markets. It functions under the brand names Indo Farm and Indo Power, with its products being exported to various countries such as Nepal, Syria, Sudan, Bangladesh, and Myanmar.
IPO Lot Size and Share Allocation:
The minimum application for the Indo Farm Equipment IPO is one lot of 69 shares. The IPO has reserved specific shares for different types of investors:
- Qualified Institutional Buyers (QIBs): can purchase up to 50% of the shares.
- Non-Institutional Investors (NIIs): will be allocated a minimum of 15% of the total shares.
- Retail Investors: A minimum of 35% of the shares
This allocation aims to make the IPO accessible to a broad range of investors, including individual retail investors, large institutions, and non-institutional buyers.
Investors can apply for the Indo Farm Equipment IPO via their bank accounts, demat accounts, or through online platforms like brokers or trading apps. The IPO will begin on December 31, 2024, and end on January 2, 2025.
Indo Farm Equipment’s IPO offers an exciting opportunity for investors looking to gain exposure to the growing agricultural machinery sector in India. With a strong product portfolio, solid financial performance, and plans for growth, Indo Farm is well-positioned to make a positive impact in the market. Investors should evaluate the price range and their investment objectives before making an application.
With the IPO subscription period around the corner, this could be a great time to invest in a promising company with a bright future in the Indian agriculture industry.
