Indo Farm Equipment Ltd. will launch its initial public offering on Dec. 31 at a price band of Rs 204–215 per share to raise Rs 260.15 crore.The proposed public offering consists of a fresh issue of Rs 184.90 crore and an offer-for-sale component of Rs 75.25 crore.The company's market value at the upper end of the price band is estimated to be Rs 1,033 crore.Indo Farm Equipment manufactures tractors and pick and carry cranes, with over two decades of industry experience.