| Indo Farm Equipment Ltd |
|
Registered Office:
SCO 859 NAC,Manimajra Kalka Road
,
Chandigarh
-
160101
,
Chandigarh
, India.
Phone :
91-172-2730060 Fax:
Email : compliance@indofarm.in
Website : www.indofarm.in
|
Initial public offer of up to 12,100,000 equity shares of face value of  10 each ("Equity Shares") of Indo Farm Equipment Limited (The "Company" or The "Issuer") for cash at a price of 215 per equity share, aggregating to 260.15 croress ("The Offer") comprising of a fresh issue of up to 8,600,000 equity shares aggregating to 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 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 10/- each at the rate of 185/- per share aggregating to 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 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.
|
| Issue |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
|
| 31-Dec-24 |
02-Jan-25 |
Rs215.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :69 Further Multiples of :69 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
168.07 |
| Aryaman Financial Services Ltd |
|
| Project Financed through Current Offer |
260.15 |
|
| Post Issue Equity Share Capital |
48.05 |
|
| Issue Price |
Rs215.00 |
|
|