84  Total SME IPOs listed in 2025

3,748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

84  Total SME IPOs listed in 2025

3748.24 Crs.  Total funds raised in 2025

57  SME IPOs listed with Gain in 2025

27  SME IPOs listed with loss in 2025

Indo Farm Equipment Limited IPO Analysis

Indo Farm Equipment IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 260.15 Cr. The company is based in Chandigarh and caters to Engineering sector. Aryaman Financial Services is the merchant banker of Indo Farm Equipment IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th September 2023.

Indo Farm Equipment IPO posted revenues of ₹ 302.16 crores and PAT of ₹ 9.80 crores in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 299.80 Cr.
            EBITDA: ₹ 50.60 Cr.
            PAT: ₹ 9.80 Cr.
  • EBITDA Margin: 16.88 %
            Pat Margin: 3.27 %
  • Net Worth: ₹ 342.25 Cr.
  • Market Capitalisation: ₹ 1033.11 Cr.
  • P/E: 105.25 times
  • P/BV: 1.71 times
  • EV/EBITDA: 25.13 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Indo Farm IPO Financial Performance (Restated)

Financial results of Indo Farm Equipment IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Jun-24 FY24 FY23 FY22
Balance Sheet
Assets 644.27 647.95 622.84 619.83
Net Worth 342.25 317.06 290.37 274.80
Total Debt 245.36 270.54 280.65 275.00
Profit & Loss
Revenue
Revenue on annualised basis
74.95
299.80
375.23 371.76 352.08
EBITDA
EBITDA on annualised basis
12.65
50.60
62.50 58.70 52.00
PAT
PAT on annualised basis
2.45
9.80
15.60 15.37 13.72
Financials
30-Jun-24
FY24
FY23
FY22
Balance Sheet
Assets
644.27
647.95
622.84
619.83

Net Worth
342.25
317.06
290.37
274.80

Total Debt
245.36
270.54
280.65
275.00

Profit & Loss
Revenue
Revenue on annualised basis
74.95
299.80
375.23
371.76
352.08

EBITDA
EBITDA on annualised basis
12.65
50.60
62.50
58.70
52.00

PAT
PAT on annualised basis
2.45
9.80
15.60
15.37
13.72

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Indo Farm IPO Key performance Indicators (KPI)

Indo Farm Equipment IPO PAT Margin is 3.27 % , ROCE (Return on Capital Employed) is 1.73 % as per latest financial. The below table shows Indo Farm Equipment IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Jun-24 FY24 FY23 FY22
EBITDA Margin (%) 16.88 16.66 15.79 14.77
PAT Margin (%) 3.27 4.16 4.13 3.90
EPS (₹) 0.63 4.15 4.09 3.65
ROE (%) 0.72 4.92 5.29 4.99
ROCE (%) 1.73 8.96 8.84 7.96
ROA (%) 0.38 2.41 2.47 2.21
Debt to Equity 0.72 0.85 0.97 1.00
Particulars
30-Jun-24
FY24
FY23
FY22

EBITDA Margin (%)
16.88
16.66
15.79
14.77

PAT Margin (%)
3.27
4.16
4.13
3.90

EPS (₹)
0.63
4.15
4.09
3.65

ROE (%)
0.72
4.92
5.29
4.99

ROCE (%)
1.73
8.96
8.84
7.96

ROA (%)
0.38
2.41
2.47
2.21

Debt to Equity (x)  
0.72
0.85
0.97
1.00

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Indo Farm Equipment IPO Valuation Metrics

The market Capitalisation of Indo Farm Equipment IPO is ₹ 1033.11 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
1033.11

Enterprise Value (EV) (₹ Cr.):
1,271.34

EV/EBITDA (times) :
25.13

PE Multiple (times) :
105.25

P/B (times) :
1.71

NAV (₹) :
86.75

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Indo Farm prospectus?

The Indo Farm Equipment IPO prospectus highlights an Return on Equity (ROE) of 0.72 % , Return on Assets (ROA) of 0.38 %, and an EBITDA Margin of 16.88 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Indo Farm IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Indo Farm Equipment IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Indo Farm IPO ?

The post-IPO market capitalisation of Indo Farm Equipment IPO is ₹ 1033.11 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Indo Farm IPO?

The Indo Farm Equipment IPO has a Price-to-Earnings (PE) ratio of 105.25 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Indo Farm Equipment IPO?

Indo Farm Equipment IPO reported revenue of ₹ 302.16 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Indo Farm Equipment IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Indo Farm Equipment IPO?

Indo Farm Equipment recorded an EBITDA of ₹ 50.60 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Indo Farm Equipment IPO?

Indo Farm Equipment Profit After Tax (PAT) is ₹ 9.80 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 299.80 Cr.
            EBITDA: ₹ 50.60 Cr.
            PAT: ₹ 9.80 Cr.
  • EBITDA Margin: 16.88 %
            Pat Margin: 3.27 %
  • Net Worth: ₹ 342.25 Cr.
  • Market Capitalisation: ₹ 1033.11 Cr.
  • P/E: 105.25 times
  • P/BV: 1.71 times
  • EV/EBITDA: 25.13 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Indo Farm Equipment operates in Engineering and Manufacturing Tractors, Pick & Carry Cranes, And Other Harvesting Equipment. The Issue is listed on BSE,NSE in Jan, 2025. Indo Farm Equipment IPO size was 260.15 with Issue price of 215.00 .

Merchant Banker(s) of Indo Farm Equipment IPO: Aryaman Financial Services Limited

Indo Farm Equipment IPO subscription was 227.67 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Indo Farm Equipment IPO listed at a listing price of 256.00 against the offer price of 215.00.

The current market price of Indo Farm Equipment is 171.00.

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