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Issue Open Date
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31-Dec-24
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Issue Closing Date
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02-Jan-25
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Application Money
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100
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Allotment Money
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Price Band
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204
-
215
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Minimium Application No.
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69
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Issue Size (Shares)
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12100000
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Market Lot
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1
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Objective
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1) Setting up new Dedicated Unit for Expansion of our Pick & Carry Cranes Manufacturing Capacity2) Repayment or pre-payment, in full or part, of certain borrowings availed by our Company3) Further Investment in our NBFC Subsidiary (Barota Finance Ltd.) for financing the augmentation of its capitalbase to meet its future capital requirements.4) General Corporate Purposes
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
Our products are being exported to various countries. Our total sales for last three financial years include around 93%domestic sales and around 7% export sales. Our ISO 9001:2015 certified manufacturing facilities are spread across127,840 sq. mtrs. of Industrial lands at Baddi, Himachal Pradesh which includes a captive foundry unit and dedicatedmachine shop, fabrication and assembling units for Tractors, pick & Carry Cranes and other equipments. Our facilitiesare equipped with induction furnaces, pneumatic molding machines, automatic molding line, sand plant, fully equippedMetallurgy and Sand Testing Laboratory, Machining Center, Gear Shop, Press Shop, Fabrication Shop, Paint Shop,Assembly unit, Quality Room & Utility room. Our integrated operations enable us to manufacture some of the criticalmachine components in-house which reduces our dependence on third parties, streamlines our production process andimproves our operational efficiencies. In addition, it also enables us to maintain control over the entire manufacturingprocess and also provide better delivery timelines to our customers at a more competitive cost.
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Promoter's Holding
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Total Share Capital
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36867640
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Offered to Public
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12100000
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Promoter's Holding (Pre-Issue)
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93.45
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Promoter's Holding (Post-Issue)
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69.44
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Address |
Sco 859
Nac Kalka Road
Manimajra
Chandigarh,
Union Territory,
160101
Phone : 0172-2730060
Email : compliance@indofarm.in
Website : www.indofarm.in
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Registrar |
MAS Services Ltd
T-34
2nd Floor
Okhla Industrial Area
Phase - II
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
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Aryaman Financial Services Ltd.
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Promoters |
Ranbir Singh Khadwalia
Sunita Saini
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