Price Band
₹204 - ₹215
Lot Size
69
Issue Size
₹260.15 Cr
GMP
N/A
Subscription
227.67x
Analyzing...
IPO Schedule
1
Open
31 Dec 2024
2
Close
2 Jan 2025
3
Allotment
-
4
Listing
7 Jan 2025
About Indo Farm Equipment
Indo Farm Equipment Limited is an Indian manufacturer of agricultural machinery, including tractors, combine harvesters, and implements. The company caters to the domestic market and exports to select international regions, focusing on providing affordable and reliable solutions for farmers.
Key Strengths
- Established brand presence in the Indian agricultural equipment market.
- Diverse product portfolio catering to various farming needs.
- Wide distribution network across key agricultural states in India.
- Focus on providing value-for-money products.
- Experience management team with relevant industry expertise.
Risk Factors
- •Dependence on the agricultural sector, which is susceptible to monsoon failures and economic fluctuations.
- •Intense competition from established domestic and international players.
- •Fluctuations in raw material prices and supply chain disruptions.
- •High P/E ratio compared to peers may indicate overvaluation.
Valuation Analysis
The IPO appears richly valued with a P/E ratio of 54.39 and a low ROE of 5.13%, making it potentially unattractive compared to industry peers. Investors should carefully consider the valuation in light of the company's growth prospects and potential risks.
IPO Details
ExchangeNSE
SegmentMAINBOARD
ISININE622H01018
NSE SymbolINDOFARM
Face Value₹10
Lot Size69
Issue Size₹260.15 Cr
Key Metrics
ROE5.13%
ROCE8.96%
P/E Ratio54.39
Industry P/E20
EPS3.95
PAT Margin4.16%
Debt/Equity0.85
Growth & Quality
ProfitableYes ✓
Subscription
Total17.87x
Imbalance Ratio10.4x
Documents
RHP not available
Key Dates
Open Date31 Dec 2024
Close Date2 Jan 2025
Listing7 Jan 2025