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Indo Farm Equipment

Founded in 1994, Indo Farm Equipment boasts over two decades of expertise as a fully integrated producer of high-quality tractors, Pick & Carry cranes, and an extensive range of agricultural equipment, including Harvester Combines, Rotavators, and related spare parts and components. The company’s state-of-the-art manufacturing units are situated on a sprawling 1,27,840 square meters of industrial land in Baddi, Himachal Pradesh.

As of September 30, 2024, Indo Farm Equipment’s production facilities have the capacity to manufacture 12,000 tractors and 1,280 Pick & Carry cranes annually. Their product range includes tractors with horsepower ranging from 16 HP to 110 HP and Pick & Carry cranes with a lifting capacity of 9 tons to 30 tons. Over the past three financial years, the company’s total sales consisted of 90% domestic distribution and 10% international exports.

The facilities are well-equipped with advanced technology, including induction furnaces, pneumatic molding equipment, an automated molding line, a sand processing plant, a metallurgical and sand-testing laboratory, and specialized sections such as a machining center, gear shop, press shop, fabrication shop, paint shop, assembly unit, quality control, and utility areas.

Indo Farm Equipment’s products are marketed through a robust network of over 175 dealers across states like Punjab, Haryana, Uttar Pradesh, Maharashtra, Gujarat, and Rajasthan. The company employs a consolidated workforce of 938 individuals.

Indo Farm Equipment IPO Details

Signature Global IPO Details
Indo Farm IPO Dates
31 Dec 2024 – 3 Jan 2025
Indo Farm Equipment IPO Price
INR 204 – 215 per share
Fresh issue
86,00,000 shares (INR 175.44 – 184.90 crore)
Offer For Sale
35,00,000 shares (INR 71.40 – 75.25 crore)
Total IPO Size
1,21,00,000 shares (INR 246.84 – 260.15 crore)
Minimum bid (size)
69 shares (INR 14,835)
Face Value
INR 10 per share
Retail Allocation
35%
Listing On
NSE, BSE

Indo Farm Equipment Financial Performance

Signature Global Financial Performance

FY 2022

FY 2023

FY 2024

Q1 FY 2025

Revenue

352.08

370.76

375.23

74.96

Expenses

333.34

349.57

352.06

71.79

Net income

13.72

15.37

15.60

2.45

Margin (%)

3.90

4.15

4.16

3.27

Figures in INR Crore unless specified otherwise

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