Indo Farm Equipment IPO is set to launch on December 31, 2024, with a price band of ₹204 to ₹215 per share. The IPO aims to raise ₹260.15 crore, with ₹184.90 crore from a fresh issue and ₹75.25 crore from an offer for sale. The minimum investment is ₹14,835, and the expected Indo Farm Equipment IPO listing price is around ₹295, representing a 37% premium over the upper price band.
What is Indo Farm Equipment IPO?
Key Details of Indo Farm Equipment IPO
- Opening Date: December 31, 2024
- Closing Date: January 2, 2025
- Price Band: ₹204 – ₹215 per share
- Lot Size: 69 shares (Minimum investment: ₹14,835 at the upper price band)
The Indo Farm Equipment IPO is a golden opportunity for investors aiming to tap into the agricultural machinery sector.
Financial Highlights of Indo Farm Equipment
Revenue and Profit Analysis
| Financial Year | Total Revenue (₹ Crore) | Profit After Tax (₹ Crore) |
|---|---|---|
| FY 2021-22 | <strong>₹352.52 crore</strong> | <strong>₹1.54 crore</strong> |
| FY 2022-23 | <strong>₹371.81 crore</strong> | <strong>₹1.55 crore</strong> |
| FY 2023-24 | <strong>₹375.95 crore</strong> | <strong>₹2.45 crore</strong> |
The financials reveal steady growth, positioning Indo Farm Equipment as a reliable investment.
Why Should You Invest in Indo Farm Equipment IPO?
Advantages of Investing
- Expanding Capacity: Funds will be used to enhance crane manufacturing capabilities.
- Debt Reduction: The company plans to repay existing debts, improving financial health.
- Strong GMP: A grey market premium of ₹80 to ₹85 reflects positive investor sentiment.
Investor Reservations
- 50% for Qualified Institutional Buyers (QIB)
- 15% for Non-Institutional Investors (NII)
- 35% for Retail Investors
Indo Farm Equipment IPO GMP Insights
The Indo Farm Equipment IPO GMP (grey market premium) suggests a strong demand, with shares projected to list at around ₹295. This indicates a significant 37% gain from the upper price band of ₹215.
FAQs on Indo Farm Equipment IPO
Frequently Asked Questions (FAQs)
1. What is the minimum investment amount for the Indo Farm Equipment IPO?
The minimum investment is ₹14,835, which corresponds to one lot of 69 shares at the upper price band.
2. What is the Indo Farm Equipment IPO listing price expected to be?
The expected listing price is around ₹295, indicating a potential gain of approximately 37%.
3. Is the Indo Farm Equipment IPO good or bad for investors?
The IPO shows strong financial growth, solid demand in the grey market, and significant listing gains, making it an attractive opportunity.
4. How can I apply for the Indo Farm Equipment IPO?
You can apply via your demat account. If you don’t have one, click the button below to create a demat account with GRM Bulls.
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