Indo Farm Equipment Ltd - IPO

Indo Farm Equipment Ltd IPO Details

Initial public offer of up to 12,100,000* equity shares of face value of Rs. 10 each (Equity Shares) of Indo Farm Equipment Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share, aggregating to Rs. [*] crores (The Offer) comprising of a fresh issue of up to 8,654,100* equity shares aggregating to Rs. [*] crores (the Fresh Issue) and an offer for sale of up to 3,500,000 equity shares by Ranbir Singh Khadwalia (The Promoter Selling Shareholder) aggregating to Rs. [*] crores (Offer for Sale). The offer will constitute 27.37% of the fully diluted post offer paid-up equity share capital of the company.Our company has, in consultation with the brlm, undertaken a pre-ipo placement by way of private placement of 1,845,900 equity shares pre-ipo placement. The size of the fresh issue of up to 10,500,000 equity share of face value of Rs. 10 each (Equity Shares) has been reduced by 1,845,900 equity shares pursuant to the pre-ipo placement, and accordingly, the revised size of the fresh issue up to 8,654,100* equity share and the size of the offers is upto 12,154,100 equity shares.The face value of equity shares is Rs. 10 each and the issue price is [*] times of the face value. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Setting up new Dedicated unit for expansion of its Pics& Carry Cranes Mfg Capacity. Repayment or pre-payment in full or part of certain borrowings availed by the company. Further investment in its NBFC subsidiary (Barota Finance Ltd) for financing the augmentation of its capital base to meet its future capital requirements.

Indo Farm Equipment Ltd Contact Details

Indo Farm Equipment Ltd, T-34 2nd Floor, Okhla Industrial Are, Phase II, New Delhi - 110020

Phone - 91-011-26387281/83

Fax -

Email - compliance@indofarm.in

Website - www.indofarm.in