1 week ago
Indo Farm Shares Tumble 51% From Debut-Day High
Indo Farm Equipment makes tractors, cranes and harvesting machines.
Its shares now cost less than the price set during its IPO.
The shares began trading in January 2025 at more than Rs 250.
They reached Rs 286.90 during their first trading day.
By Wednesday, they had fallen to Rs 139.70.
This was about 51% below their first-day high.
The company’s profit was slightly higher than a year earlier but lower than in the previous quarter.
Its revenue also increased from last year but fell compared with the previous quarter, while expenses rose.
Indo Farm Equipment shares settled at Rs 139.70 on the BSE, about 35% below their Rs 215 IPO issue price.
The stock debuted on January 7, 2025, at Rs 258.40 on the BSE and Rs 256 on the NSE.
Shares are about 51.30% below the listing-day intraday high of Rs 286.90.
The stock recorded a 52-week high of Rs 271.50 and a 52-week low of Rs 110.55, according to BSE data.
In Q1FY27, profit rose 4% year-on-year but fell 35% quarter-on-quarter, while revenue rose 13.5% year-on-year and declined 17.7% sequentially.
- Who
- Indo Farm Equipment Ltd and investors trading its shares.
- What
- The company’s shares fell about 35% below their IPO issue price and about 51.30% below their listing-day high.
- Where
- The shares trade on the BSE and NSE; the report is datelined New Delhi.
- When
- The stock debuted on January 7, 2025, and settled at Rs 139.70 on Wednesday; the report also covers Q1FY27 results.
- Why
- The articles cite sharp selling pressure and report sequential declines in profit and revenue, along with higher year-on-year expenses.
Key facts
- Current price
- Rs 139.70 on the BSE
- IPO issue price
- Rs 215 per share
- Listing date
- January 7, 2025
- Listing prices
- Rs 258.40 on the BSE and Rs 256 on the NSE
- Listing-day intraday high
- Rs 286.90 on the BSE
- Q1FY27 profit before tax
- Rs 7.84 crore, down 36.6% quarter-on-quarter and up about 4% year-on-year
- Q1FY27 revenue and expenses
- Revenue up 13.5% year-on-year and down 17.7% quarter-on-quarter; expenses up 14.3% year-on-year
Sources
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