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Indo Farm Equipment files DRHP with SEBI

09 Oct 2023 Evaluate

Indo Farm Equipment has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The equity shares are proposed to be listed on BSE and NSE.

The proposed IPO comprises fresh issue of 1.05 crore equity shares and an Offer For Sale (OFS) of 35 lakh equity shares by promoter Ranbir Singh Khadwalia. Proceeds from the fresh issue will be used to set up new dedicated unit for expansion of the company's pick and carry cranes manufacturing capacity, payment of debt, investment in the company's NBFC subsidiary Barota Finance.

Indo Farm Equipment manufactures tractors, pick and carry cranes, and other farm equipment.


Indo Farm Equipment Share Price

127.65 -0.20 (-0.16%)
11-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Escorts Kubota 2723.25
VST Tillers Tractors 4356.70
Indo Farm Equipment 127.65
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