Indo Farm Equipment Ltd IPO

Initial public offer of up to 14,000,000 equity shares of face value of Rs. 10 each (Equity Shares) of Indo Farm Equipment Limited (the Company or the Issuer) for cash at a price of Rs. [*] per equity share, aggregating to Rs. [*] crores (The Offer) comprising of a fresh issue of up to 10,500,000 equity shares aggregating to Rs. [*] crores (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 Rs. [*] crores (Offer for Sale). The offer will constitute 29.14% of the fully diluted post offer paid-up equity share capital of the company. Further, the company and the promoter selling shareholder, in consultation with the brlm, is considering a pre-ipo placement of up to upto 1,900,000 equity shares for an aggregate amount to Rs. [*] crores. the pre-ipo placement will be at a price to be decided by the company and the promoter selling shareholder in consultation with the brlm and the pre-ipo placement will be completed with the roc. If the pre-ipo placement is undertaken, the number of equity shares issued pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to the minimum offer size constituting at least 25% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 10 each and the issue price is [*] times of the face value. The price band and the minimum bid lot will be decided by the company.