Gurunanak Agriculture India IPO
Gurunanak Agriculture India Limited · Agricultural Machinery
- Issue price
- ₹75per share
- Issue size
- ₹28.8 Cr38,40,000 shares
- Face value
- ₹10per equity share
- Lot size
- 1,600 sharesMin. ₹1.2 L at the upper price
- OpensWed, 2025
- ClosesFri, 2025
- AllotmentTue, 2025Refunds and Demat credit same day
- ListingWed, 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
- Fixed price, fresh issue
- Fresh issue
- 38,40,000 shares (₹28.8 Cr)
- Offer for sale
- None
- Total issue
- 38,40,000 shares (₹28.8 Cr)
- Market maker portion
- 1,92,000 shares
- Face value
- ₹10
- Listing at
- NSE Emerge
- Promoter holding
- 99.99% → 68.00%
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail47.5%
- NII47.5%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 18,24,000 | 50.00% | 50% |
| Non-institutional investors (NII) | 18,24,000 | 50.00% | 50% |
| Market maker | 1,92,000 | — | — |
Source: ProspectusUpdated
Lot size
Amounts at ₹75 per share| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail individual investors | 2 | 3,200 | ₹2.4 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)
- ₹7.42
- P/E
- 10.11×
- RoNW
- 49.33%
- NAV per share
- ₹15.04
- NAV per share (After the Issue)
- ₹34.23
- ROCE
- 63.88%
- Debt to equity
- 0.38
- EBITDA margin
- 22.23%
- PAT margin
- 13.81%
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 43.86 | 44.02 | 38.97 |
| Total income | 43.95 | 44.09 | 39.17 |
| EBITDA | 9.75 | 5.37 | 2.53 |
| Profit after tax | 6.06 | 2.45 | 0.61 |
| Net worth | 12.27 | 6.22 | 3.77 |
| Total borrowing | 4.66 | 10.59 | 6.66 |
FY 2024-25 vs FY 2023-24: revenue −0.4%, profit after tax +146.8%.
Source: ProspectusUpdated
About the company
The company manufactures agricultural machinery such as threshers, harvesters, reapers and rotavators, and sells them mainly to farmers in several Indian states. Its main manufacturing operations run from a unit in Durg district, Chhattisgarh, and it recently launched a combined harvester.
- Incorporated
- 2010
- Industry
- Agricultural Machinery
- CIN
- U29253CT2010PLC016944
- Website
- gnagro.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Type | Before issue | After issue |
|---|---|---|---|
| Harjeet Singh | Promoter | 59.47% | 40.44% |
| Jaspreet Kaur | Promoter | 40.52% | 27.56% |
| Kamaljeet Singh Kalsi | Promoter | 0.00% | 0.00% |
| Gurbaksh Singh | Promoter group | 0.00% | 0.00% |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for setting up a harvester manufacturing unit | 17.07 |
| Working capital requirements | 6.77 |
| Issue related expenses | 2.96 |
| General corporate expenses | 2.00 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Gurunanak Agriculture India LimitedIssuer | ₹7.42 | 10.11× | 49.33% | ₹15.04 |
| Indo Farm Equipment Limited | ₹5.48 | 42.40× | 5.53% | ₹107.27 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Has operated in agricultural machinery since 2010, with a range of threshers, reapers and rotavators.
- Promoters have long experience in the business, with the company's roots going back to a family enterprise.
- Recently launched a combined harvester that has seen strong customer demand.
- Plans to expand production capacity for harvesters and other machines using the issue proceeds.
- Reported profit after tax rose sharply in FY 2024-25 on the back of higher EBITDA.
Risks
- This is the company's first public issue and there is no existing market for its shares.
- The issue price of ₹75 is not necessarily indicative of the market price after listing.
- The entire business currently operates from a single unit in Durg, Chhattisgarh.
- The company has relied on loans from promoters and related parties, and has related party sales and purchases.
- Part of the proceeds is planned for a new harvester manufacturing unit, which carries execution risk.
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 (₹75) appear here after the shares list on NSE Emerge.
Work out the gain or loss on allotted shares after charges and tax →
Frequently asked questions
When does the Gurunanak Agriculture India IPO open and close?
According to the Prospectus, the issue opens on Wednesday, 24 September 2025 and closes on Friday, 26 September 2025.
What is the Gurunanak Agriculture India IPO price band?
The final issue price is ₹75 per share.
What is the lot size of the Gurunanak Agriculture India IPO?
One lot is 1,600 shares, which is ₹1.2 L at ₹75 per share.
Where will Gurunanak Agriculture India shares list?
On NSE Emerge. The tentative listing date is Wednesday, 1 October 2025.
Who is the registrar of the issue?
Cameo Corporate Services Limited (SEBI registration INR000003753). Allotment status is checked on the registrar's website.
How do I check the Gurunanak Agriculture India IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 30 September 2025. After that, search by PAN, application number or DP/client ID on the registrar's website (Cameo Corporate Services Limited). 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?
₹17.07 Cr for capital expenditure for setting up a harvester manufacturing unit, ₹6.77 Cr for working capital requirements, ₹2.96 Cr for issue related expenses, ₹2 Cr for general corporate expenses.
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Spotted something wrong?
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