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Indo Farm Equipment gets SEBI’s nod for IPO

06 Feb 2024 Evaluate

The Securities and Exchange Board of India (SEBI) has given its approval to Indo Farm Equipment to raise funds via initial public offering (IPO). Indo Farm Equipment’s proposed IPO consists of a fresh issue of 1.05 crore equity shares and an OFS of 35 lakh equity shares by promoter Ranbir Singh Khadwalia.

Proceeds from the fresh issue will be used to set up a new dedicated unit for expansion of the company’s pick and carry cranes manufacturing capacity, payment of debt, and investment in the company’s NBFC subsidiary Barota Finance. The equity shares are proposed to be listed on BSE and NSE.

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

Indo Farm Equipment Share Price

144.65 2.70 (1.90%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Escorts Kubota 3195.05
VST Tillers Tractors 5246.65
Indo Farm Equipment 144.65
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