Indo Farm Equipment IPO Details IPO Date December 31, 2024 to January 2, 2025 Listing Date Tuesday, January 7, 2025 Face Value ₹10 per share Price Band ₹204 to ₹215 per share Lot Size 69 Shares Total Issue Size 1,21,00,000 shares (aggregating up to ₹260.15 Cr) Fresh Issue 86,00,000 shares (aggregating up to ₹ 184.90 Cr) Offer for Sale 35,00,000 shares of ₹10 (aggregating up to ₹75.25 Cr) Issue Type Book Built Issue IPO Listing At BSE, NSE Share Holding Pre Issue 3,94,51,600 shares Share Holding Post Issue 4,80,51,600 shares The company is profitable but the growth is looking slow. Stock P/E - 62.2 ROCE - 9.22 % ROE - 5.47 % Debt to equity - 0.72 Debtor Days - 106 Inventory Days - 273 Days Payable - 58 Cash Conversion Cycle - 320 Working Capital Days - 294 Company has a low return on equity of 5.62% over last 3 years. Debtor days have increased from 76 to 106 days. The price at which the stock is listed in IPO looks a little higher. I think it is better to avoid this IPO or apply with caution after doing your own research on this company.

#WatchOutFor#FundamentalViews#IPO#PsychologyofMoney#EquityResearch

183 likes·52 comments