31 Mar 2022
Assets619.83
Total Income352.52
Profit After Tax13.72
NET Worth274.80
Total Borrowing275.00
At a glance
Updated 2026-08-24The shares listed at ₹256.00, a 19.07% move from the issue price. Indo Farm Equipment is a Mainboard IPO with an issue size of ₹260.15 crore, proposed for listing on BSE, NSE. The offer opens on 31st Dec 2024 and closes on 2nd Jan 2025. The issue structure includes a fresh issue of ₹184.90 crore and an offer-for-sale component of ₹75.25 crore. The current listing schedule points to 7th Jan 2025.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹260.15 Cr
Fresh issue₹184.90 Cr
Offer for sale₹75.25 Cr
Face value₹10
Price band₹204.00–₹215.00
Allotment3rd Jan 2025
Listing7th Jan 2025
Listing performance
Full performance ↗Issue price₹215.00
Listing price₹256.00
Current price—
Listing gain19.07%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹76.00
GMP / upper price35.35%
Est. listing₹291.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens31st Dec 2024
Closes2nd Jan 2025
Allotment3rd Jan 2025
Refund6th Jan 2025
Demat6th Jan 2025
Listing7th Jan 2025
Subscription demand
Full bidding ↗Total227.67×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 69 | ₹14,835 |
Company
Incorporated1994
Use of proceeds
| Object | Amount |
|---|---|
| Setting up new Dedicated Unit for Expansion of the Pick & Carry Cranes Manufacturing Capacity | ₹71.13 Cr |
| Repayment or pre-payment, in full or part, of certain borrowings availed by the Company | ₹50.00 Cr |
| Further Investment in our NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capital base to meet its future capital requirements. | ₹45.00 Cr |
| General Corporate Purposes | ₹2.99 Cr |
Financials
Full financials ↗31 Mar 2023
Assets622.84
Total Income371.82
Profit After Tax15.37
NET Worth290.37
Total Borrowing280.65
31 Mar 2024
Assets647.95
Total Income375.95
Profit After Tax15.60
NET Worth317.06
Total Borrowing270.54
30 Jun 2024
Assets644.27
Total Income75.54
Profit After Tax2.45
NET Worth342.25
Total Borrowing245.36
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 5.13% |
| ROCE | 8.96% |
| Debt / Equity | 0.85% |
| RoNW | 4.92% |
| PAT Margin | 4.16% |
| Price to Book Value | 2.55 |
Valuation & shareholding
Pre-IPO EPS3.95
Post-IPO EPS2.04
Pre-IPO P/E54.39
Post-IPO P/E105.25
Promoter holding pre93.45%
Promoter holding post69.44%
Market cap₹1033.11 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLM and Legal Advisors (including commission, as applicable) | ₹7.87 Cr |
| Commission/processing fee for SCSBs, Banker(s) to the Offer and fee payable to the Sponsor Bank for Bids made by RIIs and Eligible Employees. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹3.14 Cr |
| Listing fees, SEBI filing fees, Upload fees, BSE and NSE processing fees, Book Building Software fees, Registrar to the Offer, Depository Fees and other regulatory expenses | ₹5.17 Cr |
| Fees payable for Industry Report, Monitoring Agency | ₹0.20 Cr |
| Printing and Distribution Expenses | ₹0.45 Cr |
| Advertising and Marketing Expenses | ₹6.66 Cr |
| Fees payable to others & miscellaneous expenses | ₹0.20 Cr |
Registrar & lead managers
Registrar
MAS Services Ltd.Lead managers
- Aryaman Financial Services Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.