Registered Office:
SCO 859 NAC,Manimajra Kalka Road,
Chandigarh
-
160101,
Phone : 91-172-2730060
Fax : NA
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) [*] croress ("The Offer") comprising of a fresh issue of up to 8,600,000 equity shares aggregating to (Rs) [*] 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) [*] 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.
Price Band: (Rs) 204 to (Rs) 215 per equity share of face value of (Rs) 10 each.
The Floor price is 20.40 times the face value of the equity shares and cap price is 21.50 times the face value of the equity shares.
Bid can be made for a minimum of 69 equity shares and in multiples of 69 equity shares.
Opens On
Closes On
Application
Allotment
31-Dec-24
02-Jan-25
204.00-215.00
0.00-0.00
Minimum Application for shares in Nos :
69
Further Multiples of :
69
(Rs.Cr)
Lead Managers to the Issue
Project Cost
0.00
Aryaman Financial Services Ltd
Project Financed through Current Offer
246.84
Post Issue Equity Share Capital
48.05