As the year winds down and 2025 approaches, the stock market is buzzing with new opportunities. Among the upcoming IPOs, Indo Farm Equipment which is set to open its subscription today (December 31) has raised Rs 78 crores from anchor investors.
Anchor Investors
As per the circular on the BSE website, Indo Farm Equipment disclosed its allocation of 36,30,000 equity shares to 11 anchor investors at Rs 215 per share.
These investors include notable names such as Negen Undiscovered Value Fund, Niveshaay Hedgehogs Fund, Rajasthan Global Securities, Subham Capital, India Equity Fund 1, Chhattisgarh Investments, Saint Capital Fund, Vikasa India EIF, Ashika Global Securities, Shine Star Build Cap, and Smart Horizon Opportunity Fund.
Indo Farm Equipment IPO – Grey Market Premium (GMP)
As per the recent trends, the GMP of Indo Farm Equipment IPO as of now stands at Rs 80, indicating an estimated listing of Rs 285 per share, a 37.21 per cent premium over the upper price band.
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Indo Farm Equipment IPO – Analyst Insights
“IFEL is in a fairly strong position in both the segments it operates in and with the possibility of the market expanding substantially in both the segments in the near future, IFEL should be able to grow along with the sector, its capacity additions in the cranes segment would aid strong growth and refinancing its own tractors through its subsidiary will improve the tractor units growth and margin expansion for the overall business. IFEL has a fully integrated manufacturing plant with 40-60% of products being made in house and its strong R&D product development capabilities of designing new developments, strong entry barriers with attractive industry dynamics, strong promoter pedigree augurs for multifold growth in the coming years. Hence, we recommend a SUBSCRIBE to the issue,” said Reliance Securities in an IPO note.
“According to management, the industry historically generates 30-35% of annual revenue in the first half and the remainder in the second half. Therefore, annualized earnings based on Q1 figures may not accurately reflect the company’s financial performance. The company is expected to benefit from expanded capacities for Pick and Carry cranes and support from their proposed financial arm, which will boost tractor sales, resulting in higher turnover and profits going forward,” noted Bajaj Broking in an IPO note.
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