Indo Farm Equipment Limited IPO

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Indo Farm Equipment Limited has over two decades of experience as a fully integrated manufacturer specializing in tractors and Pick & Carry Cranes. The company also extends its product line to farm equipment such as Harvester Combines, Rotavators, and other related spares and components. While these ancillary products contribute minimally to revenue, the core focus remains on tractors and cranes.

Brand Presence and Market Reach

Indo Farm Equipment Limited markets its products under proprietary brand names and exports to multiple countries. Over the last three financial years, domestic sales accounted for approximately 93%, while exports contributed 7% of the total revenue, showcasing a strong domestic foothold with emerging international presence.

Diverse Market Applications

Indo Farm products cater to a wide range of industries, including:
i. Agriculture                                     ii. Infrastructure                                iii. Construction
iv. Heavy Engineering                     v. Industrial Projects

Distribution and Dealer Network
The company has a robust network of 175 dealers across key states such as Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, and Rajasthan. This integrated ecosystem ensures high-quality products and financial support for customers.

Indo Farm Equipment Limited’s commitment to quality, innovation, and customer satisfaction positions it as a leading player in the manufacturing of tractors and cranes, with strong potential for future growth.

Objects of the Indo Farm Equipment Limited IPO:

The Objects of the Net Fresh Issue is to raise funds for: i. Setting up new Dedicated Unit for Expansion of their Pick & Carry Cranes Manufacturing Capacity ii. Repayment or pre-payment, in full or part, of certain borrowings availed by the Company iii. Further Investment in NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. iv. General Corporate Purposes. Total number of share issue: - i. Fresh issue is 86,00,000 shares, ii. Offer for sale is 35,00,000 shares.
DRHP of Indo Farm Equipment Limited IPO
RHP of Indo Farm Equipment Limited IPO

Indo Farm Equipment Limited IPO Details:

Open Date: Dec 31 2024
Close Date: Jan 02 2025
Total Shares: 1,21,00,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 260.15 Cr.
Lot Size: 69 Shares
Issue Price: ₹ 204 - 215 Per Equity Share
Listing At: NSE,BSE
Listing Date: Jan 07 2025

Promoters And Management:

Ranbir Singh Khadwalia, 64, is a founding promoter and the Chairman & Managing Director of Indo Farm Equipment Limited. With a Diploma in Mechanical Engineering from the Haryana State Board of Technical Education, he brings over three decades of experience in manufacturing agricultural equipment. Formerly associated with Eicher Farm Machinery Limited, he oversees the company's management, new plant setups, and industry network development. Anshul Khadwalia, 34, is the Whole-Time Director of Indo Farm Equipment Limited, appointed to the Board on May 31, 2014, and designated Whole-Time Director on August 14, 2023. A Bachelor of Science in Business and Management graduate from Aston University (U.K.), he oversees sales and marketing for IFEL's Tractor and Spare Parts Division. An active TED speaker, he has also been recognized as one of Hindustan Times' Top 30 Under 30. Charan Singh Saini, 69, is the Whole-Time Director of Indo Farm Equipment Limited since July 12, 2024, having previously held the role from 2013 to 2021. A Mechanical Engineering Diploma holder from the Haryana Board of Technical Education (1975), he has over four decades of experience in the tractor and automobile industry, including roles at HMT Limited and Maruti Suzuki. He currently oversees the company's manufacturing operations.

Financials of Indo Farm Equipment Limited IPO: 

To be updated shortly.

Comparison With Peers:

To be updated shortly.

Recommendation on Indo Farm Equipment Limited IPO:

To be updated shortly.

Lead Manager of Indo Farm Equipment Limited IPO:

  1. Aryaman Financial Services Limited

Registrar of Indo Farm Equipment Limited IPO:

  1. MAS Services limted

Company Address:

Indo Farm Equipment Limited SCO 859, NAC Manimajra Kalka Road, Chandigarh 160101 Phone: 0172-2730060 Email: compliance@indofarm.in Website: https://www.indofarm.in/

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