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. 215 per equity share, aggregating to Rs. 260.15 croress (The Offer) comprising of a fresh issue of up to 8,600,000 equity shares aggregating to Rs. 184.90 croress (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. 75.25 crores (offer for sale). The offer will constitute 25.18% of the fully diluted post offer paid-up equity share capital of the company.Further, the company, in consultation with the brlm, has undertaken pre-ipo placement of 1,900,000 equity shares of Rs. 10/- each at the rate of Rs. 185/- per share aggregating to Rs. 35.15 crores accordingly, the size of the fresh issue has been reduced from 10,500,000 equity shares to 8,600,000 equity shares of face value of Rs. 10 each. The relevant investors that have subscribed to the equity shares pursuant to the pre-ipo placements have, prior to the allotment of equity shares, been informed that there is no guarantee that the offer may come through or the listing may happen and accordingly, the investment was done by the relevant investors solely at their own risk.

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. General corporate purposes.

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