Report of Monitoring Agency for the quarter ended June 30, 2025.
INDOFARM · price
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Indo Farm Equipment, a manufacturer of tractors and Pick & Carry Cranes, filed its quarterly Monitoring Agency Report prepared by Infomerics Valuation and Rating Limited. The company raised Rs. 184.90 crore through its IPO (Dec 31, 2024 – Jan 2, 2025), with net proceeds of Rs. 168.06 crore after issue expenses. As of June 30, 2025, the company has utilised Rs. 99.28 crore (Rs. 0.55 crore deployed during the quarter) against the planned Rs. 168.06 crore, leaving Rs. 68.78 crore unutilised. The Monitoring Agency reported Nil deviation from stated objects and Nil delay in implementation. The unutilised amount of about Rs. 69.90 crore is parked in ICICI Bank fixed deposits (earning ~5–7.25% interest) and Rs. 4.26 crore in the IPO monitoring account. No funds were used for general corporate purposes during the quarter.
For retail shareholders, this is a routine positive compliance update — the company is using IPO funds as planned with no deviations or delays. The bulk of proceeds remain deployed in safe fixed deposits, which means investors can expect gradual capex execution (likely capacity expansion for cranes) over coming quarters.