Indo Farm Equipment IPO: All You Need to Know
Introduction:
Indo Farm Equipment Ltd, a renowned name in agricultural and industrial equipment manufacturing, is launching its IPO from December 31, 2024, to January 2, 2025. This IPO presents a lucrative opportunity for investors to gain exposure to a well-established company with a diverse product portfolio.
This article explores the key aspects of the Indo Farm Equipment IPO, including its details, timeline, GMP (Grey Market Premium), allotment process, and tips on IPO flipping for maximum gains.
About Indo Farm Equipment Ltd
Incorporated in 1994, Indo Farm Equipment Ltd manufactures tractors, cranes, and harvesting equipment. Operating under the brands Indo Farm and Indo Power, the company has a strong domestic and international presence, exporting to countries like Nepal, Sudan, and Myanmar.
The company’s manufacturing facility in Baddi, Himachal Pradesh, boasts a production capacity of 12,000 tractors and 1,280 cranes annually, with plans for further expansion.
Indo Farm Equipment IPO Details
| Particulars | Details |
| IPO Date | Dec 31, 2024 – Jan 2, 2025 |
| Listing Date | Jan 7, 2025 |
| Price Band | ₹204 – ₹215 per share |
| Lot Size | 69 shares |
| Minimum Investment | ₹14,835 |
| Maximum Investment | ₹1,92,855 |
| Total Issue Size | ₹260.15 Cr |
| Fresh Issue | ₹184.9 Cr |
| Offer for Sale | ₹75.25 Cr |
| Listing At | NSE, BSE |
Indo Farm Equipment IPO Reservation
| Category | Shares Offered | Percentage |
| QIB | 24,20,000 | 20% |
| NII (HNI) | 18,15,000 | 15% |
| Retail | 42,35,000 | 35% |
| Anchor Investors | 36,30,000 | 30% |
Indo Farm Equipment Financials
| Metric | Value (₹ Cr) |
| Net Worth | ₹342.25 Cr |
| Reserves | ₹317.06 Cr |
| Borrowings | ₹245.36 Cr |
The company’s strong financials highlight its stability and growth potential, making it a promising investment option.
Indo Farm Equipment IPO Timeline
| Event | Date |
| IPO Open Date | Dec 31, 2024 |
| IPO Close Date | Jan 2, 2025 |
| Allotment Finalization | Jan 3, 2025 |
| Refunds Initiated | Jan 6, 2025 |
| Shares Credited to Demat | Jan 6, 2025 |
| Listing Date | Jan 7, 2025 |
Grey Market Premium (GMP)
GMP indicates market sentiment around the IPO. As of now, the GMP for Indo Farm Equipment IPO is expected to fluctuate closer to the listing date. Monitoring GMP can help investors gauge potential listing gains.
IPO Flipping: Should You Consider It?
IPO flipping refers to selling shares immediately upon listing to capitalize on short-term gains. For Indo Farm Equipment IPO, flipping may be profitable given its strong brand presence and expected demand in the market. However, investors should assess market conditions and GMP trends before deciding.
FAQs on Indo Farm Equipment IPO
1. What is the IPO date for Indo Farm Equipment Ltd?
The IPO opens on December 31, 2024, and closes on January 2, 2025.
2. What is the price band for the Indo Farm Equipment IPO?
The price band is set between ₹204 and ₹215 per share.
3. How can I apply for the Indo Farm Equipment IPO?
You can apply through your Demat account via ASBA or UPI-based applications available on stock trading platforms.
4. What is the minimum investment required?
The minimum investment is ₹14,835 for one lot (69 shares).
5. Is IPO flipping a good strategy for Indo Farm Equipment?
IPO flipping can be profitable, but it depends on GMP trends and market conditions at the time of listing.
6. When will the shares be listed?
The shares will be listed on January 7, 2025, on NSE and BSE.
Conclusion
Indo Farm Equipment Ltd’s IPO offers an exciting opportunity for investors seeking to invest in a company with strong fundamentals, growth potential, and a diverse product portfolio. By analyzing the GMP, financials, and market trends, investors can make informed decisions.
Stay tuned for more updates on IPOs and other investment opportunities on Tap Invest, your trusted partner for alternative investments.
