BharatRohan Airborne Innovations IPO is a book build issue of ₹45.04 crores. The issue is entirely a fresh issue of 0.53 crore shares of ₹45.04 crore.
BharatRohan Airborne Innovations IPO opens for subscription on Sep 23, 2025 and closes on Sep 25, 2025. The allotment for the BharatRohan Airborne Innovations IPO is expected to be finalized on Sep 26, 2025. BharatRohan Airborne Innovations IPO will list on BSE SME with a tentative listing date fixed as Sep 30, 2025.
BharatRohan Airborne Innovations IPO price band is set at ₹80.00 to ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,72,000.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹4,08,000.
Smart Horizon Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to BharatRohan Airborne Innovations IPO RHP for detailed Information.
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,99,200 shares (aggregating up to ₹45.04 Cr) |
| Reserved for Market Maker | 2,68,800 shares Rikhav Securities Ltd. (aggregating up to ₹2.28 Cr) |
| Net Offered to Public | 50,30,400 shares (aggregating up to ₹42.76 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,46,23,820 shares |
| Share Holding Post Issue | 1,99,23,020 shares |
BharatRohan Airborne Innovations IPO offers total 52,99,200 shares. Out of which 24,64,000 (46.50%) allocated to QIB, 9,88,800 (18.66%) allocated to QIB (Ex- Anchor), 7,68,000 (14.49%) allocated to NII, 17,98,400 (33.94%) allocated to RII and 14,75,200 (27.84%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,68,800 (5.07%) |
| QIB Shares Offered | 24,64,000 (46.50%) |
| − Anchor Investor Shares Offered | 14,75,200 (27.84%) |
| − QIB (Ex. Anchor) Shares Offered | 9,88,800 (18.66%) |
| NII (HNI) Shares Offered | 7,68,000 (14.49%) |
| − bNII > ₹10L | 5,12,000 (9.66%) |
| − sNII < ₹10L | 2,56,000 (4.83%) |
| Retail Shares Offered | 17,98,400 (33.94%) |
| Total Shares Offered | 52,99,200 (100.00%) |
BharatRohan Airborne Innovations IPO raises ₹12.54 crore from anchor investors. BharatRohan Airborne Innovations IPO Anchor bid date is September 22, 2025.
| Bid Date | September 22, 2025 |
| Shares Offered | 14,75,200 |
| Anchor Portion Size (In Cr.) | 12.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 26, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 25, 2025 |
BharatRohan Airborne Innovations IPO opens on September 23, 2025, and closes on September 25, 2025.
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,72,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,08,000 |
| S-HNI (Max) | 7 | 11,200 | ₹9,52,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in June 2016, BharatRohan Airborne Innovations Limited is an agritech solutions provider focusing on drone/UAV platforms and Hyperspectral Imaging (HSI) technology.
The company offers a range of services and products to address key challenges in the agricultural value chain, including crop production advice and guidance on Integrated Crop Management Practices to support the sale of agricultural inputs and outputs.
They are an Agri-tech company that helps farmers grow profitably using a Decision Support System (DSS) with Hyperspectral Imaging and other imaging technologies.
Products & Services
As of June 30, 2025, the company had a total of 39 permanent employees and 20 Fixed Term Employees.
Competitive Strength:
BharatRohan Airborne Innovations Ltd.'s revenue increased by 49% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 42.02 | 22.33 | 5.27 |
| Total Income | 28.23 | 18.98 | 6.53 |
| Profit After Tax | 7.59 | 6.90 | 1.81 |
| EBITDA | 7.92 | 7.37 | 1.91 |
| Net Worth | 37.22 | 16.00 | 3.18 |
| Reserves and Surplus | 22.83 | 13.11 | 3.30 |
| Total Borrowing | 1.34 | 4.13 | 1.52 |
| Amount in ₹ Crore | |||
The market capitalization of BharatRohan Airborne Innovations IPO is ₹169.35 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 28.21% |
| ROCE | 19.69% |
| Debt/Equity | 0.04 |
| RoNW | 20.38% |
| PAT Margin | 26.93% |
| EBITDA Margin | 28.12% |
| Price to Book Value | 3.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.19 | 3.81 |
| P/E (x) | 16.38 | 22.32 |
The Company BharatRohan Airborne Innovations IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding of Capital Expenditure requirements for purchase of new Equipment by the Company | 14.21 |
| 2 | Purchase of Commercial Vehicle | 2.29 |
| 3 | Funding Working Capital Requirement of the Company; | 16.68 |
| 4 | General Corporate Purpose |
BharatRohan Airborne Innovations Ltd.
Fourth Floor B-117
DDA Sheds
Okhla Industrial Area Phase - I
South Delhi, New Delhi, 110020
Phone: +91 9266109913
Email: investors@bharatrohan.in
Website: https://bharatrohan.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bharatrohan.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
BharatRohan Airborne Innovations IPO is a SME IPO of 52,99,200 equity shares of the face value of ₹10 aggregating up to ₹45.04 Crores. The issue is priced at . The minimum order quantity is 1600.
The IPO opens on September 23, 2025, and closes on September 25, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in BharatRohan Airborne Innovations IPO using UPI as a payment gateway. Zerodha customers can apply in BharatRohan Airborne Innovations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in BharatRohan Airborne Innovations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The BharatRohan Airborne Innovations IPO opens on September 23, 2025 and closes on September 25, 2025.
BharatRohan Airborne Innovations IPO lot size is 1600, and the minimum amount required for application is ₹2,72,000, with 2 lots being the minimum application size.
You can apply in BharatRohan Airborne Innovations IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for BharatRohan Airborne Innovations IPO will be done on Friday, September 26, 2025, and the allotted shares will be credited to your demat account by Monday, September 29, 2025. Check the BharatRohan Airborne Innovations IPO allotment status.
The BharatRohan Airborne Innovations IPO listing date is not yet announced. The tentative date of BharatRohan Airborne Innovations IPO listing is Tuesday, September 30, 2025.
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