Bookbuilding IPO | ₹45 Cr | Listed at BSE SME | Tue, Sep 23, 2025 - Thu, Sep 25, 2025
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 bidding started from Sep 23, 2025 and ended on Sep 25, 2025. The allotment for BharatRohan Airborne Innovations IPO was finalized on Sep 26, 2025. The shares got listed on BSE SME on Sep 30, 2025.
BharatRohan Airborne Innovations IPO price band is set at ₹85 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 (3,200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Sep 23, 2025
IPO Close
Thu, Sep 25, 2025
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹169.35 Cr
| IPO Date | 23 to 25 Sep, 2025 |
| Listed on | Tue, Sep 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 52,99,200 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 2,68,800 shares Rikhav Securities Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 50,30,400 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 50,30,400 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 1,46,23,820 shares |
| Share Holding Post Issue | 1,99,23,020 shares |
| BSE Script Code | 544535 |
| ISIN | INE0QMV01017 |
BharatRohan Airborne Innovations IPO comprises a total issue size of 52,99,200 shares. The net offer to the public is 50,30,400 shares, after excluding 2,68,800 shares allotted on a firm basis. Of the Net offer 24,64,000 (48.98%) are allocated to QIB, 7,68,000 (15.27%) allocated to NII 17,98,400 (35.75%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 24,64,000 | 48.98% | 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 | 15.27% | 14.49% |
| − bNII > ₹10L | 5,12,000 | 9.66% | |
| − sNII < ₹10L | 2,56,000 | 4.83% | |
| Retail Shares Offered | 17,98,400 | 35.75% | 33.94% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,68,800 | 5.07% | |
| Total Shares Offered | 52,99,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| 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 |
BharatRohan Airborne Innovations IPO raises ₹12.54 crore from anchor investors. BharatRohan Airborne Innovations IPO Anchor bid date is September 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Sep 22, 2025 |
| Shares Offered | 14,75,200 |
| Anchor Portion (₹ Cr.) | 12.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 24, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 6.61 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 5.19 | 3.81 |
| P/E (x) | 16.38 | 22.32 |
| Promoter Holding | 54.86% | 40.27% |
| Market Cap | ₹169.35 Cr. |
The BharatRohan Airborne Innovations IPO is subscribed 10.07 times on September 25, 2025 5:04:39 PM (Day 3). The public issue subscribed 8.50 times in the individual investors category, 8.33 times in the QIB category, and 16.00 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 8.33 | 9,88,800 | 82,40,000 | 0 |
| NII* | 16.00 | 7,68,000 | 1,22,89,600 | 0 |
| bNII (bids above ₹10L) | 18.40 | 5,12,000 | 94,19,200 | |
| sNII (bids below ₹10L) | 11.21 | 2,56,000 | 28,70,400 | |
| Individual Investors | 8.50 | 17,98,400 | 1,52,86,400 | 0 |
| Total | 10.07 | 35,55,200 | 3,58,16,000 | 5,947 |
Total Application : 5,947
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting and marketing commission | 4.81 |
| 2 | Brokerage, selling commission and upload fees | 0.01 |
| 3 | Fees payable to Legal Advisor | 0.02 |
| 4 | Fees payable to Registrar to the issue | 0.02 |
| 5 | Fees payable for Advertising and Marketing expenses | 0.03 |
| 6 | Fees payable to Regulators including stock exchanges | 0.09 |
| 7 | Payment for Printing and stationery, postages, etc. | 0.01 |
| 8 | Others, if any (market making, depositories, secretarial, peer review auditors, etc.) | 0.27 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹90.00 |
| Low | ₹90.00 |
| High | ₹94.50 |
| Last Trade | ₹91.99 |
Lead Manager Reports
BharatRohan Airborne Innovations IPO is a SME IPO of 52,99,200 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Sep 23, 2025, and closes on Thu, Sep 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 Tue, Sep 23, 2025 and closes on Thu, Sep 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 Mon, Sep 29, 2025. Check the BharatRohan Airborne Innovations IPO allotment status.
The BharatRohan Airborne Innovations IPO listing date is on Tue, Sep 30, 2025.
