- Issue price
- ₹85per share
- Issue size
- ₹45.04 Cr52,99,200 shares
- Face value
- ₹10per equity share
- Lot size
- 1,600 sharesMin. ₹1.36 L at the upper price
- Anchor biddingMon, 2025
- OpensTue, 2025
- ClosesThu, 2025
- AllotmentFri, 2025
- ListingTue, 2025
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue
- Fresh issue
- 52,99,200 shares (₹45.04 Cr)
- Offer for sale
- None
- Total issue
- 52,99,200 shares (₹45.04 Cr)
- Market maker portion
- 2,68,800 shares
- Face value
- ₹10
- Listing at
- BSE SME
- Promoter holding
- 54.86% → 40.27%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail34.3%
- Anchor28.1%
- QIB ex-anchor17.9%
- NII14.6%
- Market maker5.1%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 17,98,400 | 36.11% | 35% |
| Non-institutional investors (NII) | 7,68,000 | 15.42% | 15% |
| Qualified institutional buyers (QIB) | 24,64,000 | 49.47% | 50% |
| QIB, excluding anchor | 9,39,200 | 18.86% | — |
| Anchor investors | 14,75,200 | 29.62% | — |
| Market maker | 2,68,800 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹85 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 3,200 | ₹2.72 L |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹5.53
- P/E (FY 2024-25 at cap price)
- 15.37×
- RoNW
- 20.38%
- NAV per share (FY 2024-25 after issue at cap price)
- ₹38.77
- Debt to equity
- 0.04
- EBITDA margin
- 28.12%
- PAT margin
- 26.93%
- ROCE
- 19.69%
Source: ProspectusUpdated
Financials
Consolidated, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 28.17 | 18.95 | 6.47 |
| Total income | 28.23 | 18.98 | 6.53 |
| EBITDA | 7.92 | 7.37 | 1.91 |
| Profit after tax | 7.59 | 6.90 | 1.81 |
| Net worth | 37.22 | 16.00 | 3.18 |
| Reserves and surplus | 22.83 | 13.11 | 3.30 |
| Total assets | 42.02 | 22.33 | 5.27 |
| Total borrowing | 1.34 | 4.13 | 1.52 |
FY 2024-25 vs FY 2023-24: revenue +48.6%, profit after tax +9.9%.
Source: ProspectusUpdated
About the company
The company provides drone-based crop monitoring services using hyperspectral imaging and advisory under its CropAssure platform. It also sells agri-inputs, including its own 'Pravir' brand, and trades agri-output produce procured through its SourceAssure initiative.
- Incorporated
- 2016
- Industry
- Agri-tech
- Sector
- Food and Agriculture
- CIN
- U74999DL2016PLC301564
- Website
- bharatrohan.in
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue |
|---|---|---|
| Mr. Amandeep Panwar | 29.78% | 21.86% |
| Mr. Rishabh Choudhary | 25.08% | 18.41% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Purchase of new equipment (drones and related tools) for capital expenditure | 14.21 |
| Purchase of a commercial vehicle | 2.29 |
| Working capital requirement | 16.68 |
| General corporate purposes | 6.61 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Diversified mix of drone-based crop monitoring services, agri-inputs and agri-output sales.
- Revenue and profit grew across the three reported years on a restated consolidated basis.
- Low reported borrowings relative to net worth as of March 31, 2025.
- Proprietary brand and in-house drone assembly and R&D setup.
Risks
- A large share of revenue depends on crop monitoring services and agri-output sales, especially Cumin.
- Top five customers contributed a significant share of operating revenue in recent years.
- Negative operating and investing cash flows in current and past years.
- Key properties are leased, and some franchise and FSSAI-related approvals are uncertain.
- Use of proceeds depends on equipment orders not yet placed.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (₹85) appear here after the shares list on BSE SME.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Bharatrohan Airborne Innovations IPO open and close?
According to the Prospectus, the issue opens on Tuesday, 23 September 2025 and closes on Thursday, 25 September 2025. These dates are tentative.
What is the Bharatrohan Airborne Innovations IPO price band?
The final issue price is ₹85 per share.
What is the lot size of the Bharatrohan Airborne Innovations IPO?
One lot is 1,600 shares, which is ₹1.36 L at ₹85 per share.
Where will Bharatrohan Airborne Innovations shares list?
On BSE SME. The tentative listing date is Tuesday, 30 September 2025.
Who is the registrar of the issue?
KFin Technologies Limited (SEBI registration INR000000221). Allotment status is checked on the registrar's website.
How do I check the Bharatrohan Airborne Innovations IPO allotment status?
The basis of allotment is expected to be finalised on Friday, 26 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (KFin Technologies Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹14.21 Cr for purchase of new equipment (drones and related tools) for capital expenditure, ₹2.29 Cr for purchase of a commercial vehicle, ₹16.68 Cr for working capital requirement, ₹6.61 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.