IPO Details
Bidding Dates
24 Sept 25 - 26 Sept 25
Price Range ₹
75 - 0
Total Equity
₹ 28.80Cr
Lot Size
3200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
24 Sept 2025
Offer end
26 Sept 2025
Allotment
29 Sept 2025
Refund initiation
30 Sept 2025
Demat transfer
30 Sept 2025
Listing
01 Oct 2025
Offer start
24 Sept 2025
Offer end
26 Sept 2025
Allotment
29 Sept 2025
Refund initiation
30 Sept 2025
Demat transfer
30 Sept 2025
Listing
01 Oct 2025
About Company
Incorporated in 2010, Gurunanak Agriculture India Limited manufactures a wide range of agricultural machinery, including threshers, harvesters, reapers, and rotavators. With a manufacturing unit in Durg, Chhattisgarh, the company has built a strong domestic and international presence through a robust dealer network and exports to countries such as Nepal, Sri Lanka, Ghana, Nigeria, and South Africa.The company actively promotes its products through trade fairs and exhibitions while focusing on innovation, R&D, and cost-effective solutions for farmers. As of Feb 2025, it employed 43 people.Financially, Gurunanak Agriculture has shown improving profitability, with PAT of ₹3.13 crore (Sep 2024) and strong returns (ROE ~39.5%, ROCE ~47.5%), though revenues have been somewhat inconsistent over the years.
Year Founded
05-02-2010
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.99 | 0 |
| Share Capital | 8159520 | 0 |
Offer to Public
38,40,000.00 Cr
Project Details
- Funding Capital Expenditure towards setting up Harvester Manufacturing Unit - 170.671cr
- Issue Related Expenses - 29.64cr
- General Corporate Expenses - 20cr
- Working Capital Requirements - 67.689cr
Objectives
- A. Funding Capital Expenditure for setting up Harvester Manufacturing UnitB. Working Capital RequirementsC. General Corporate PurposesD. To meet the Issue Expenses
Highlights
- Wide range of agricultural machinery catering to multiple crops and farming needs.
- Presence in several international markets enhances growth potential beyond India.
- Strong ROE and ROCE indicate efficient use of capital and profitability.
- Established reputation among farmers and dealer networks across multiple states.
- Planned harvester manufacturing unit and working capital infusion may drive future growth.
Challenges
- Total income has fluctuated in recent years (₹41.08 cr in FY22 → ₹39.17 cr in FY23 → ₹44.09 cr in FY24 → ₹24.6 cr in H1 FY25).
- Debt/Equity of 1.70 reflects reliance on borrowings, which may strain future cash flows.
- Limited manpower (43 employees) could restrict scalability compared to larger competitors.
- Single manufacturing facility in Chhattisgarh poses operational/geographical risk.
- Faces strong competition from established domestic and multinational agri-machinery companies.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 2,186.74 | 51.00 | 245.39 | 245.39 | 3.0072 |
| 2022 | 2,061.41 | 51.00 | 51.70 | 51.70 | 0.6336 |
| 2023 | 1,809.29 | 51.00 | 51.70 | 51.70 | 0.6336 |
| 2025 | 1,996.72 | 816.00 | 51.70 | 51.70 | 0.6336 |
