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Gurunanak Agriculture IPO is a fixed price issue of ₹28.80 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹28.80 crore.
Gurunanak Agriculture IPO opens for subscription on Sep 24, 2025 and closes on Sep 26, 2025. The allotment for the Gurunanak Agriculture IPO is expected to be finalized on Sep 29, 2025. Gurunanak Agriculture IPO will list on NSE SME with a tentative listing date fixed as Oct 1, 2025.
Gurunanak Agriculture IPO price is ₹75.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹2,40,000.00 (3,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (4,800 shares), amounting to ₹3,60,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Anant Securities.
Refer to Gurunanak Agriculture IPO DRHP for detailed Information.
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,40,000 shares (aggregating up to ₹28.80 Cr) |
| Reserved for Market Maker | 1,92,000 shares Anant Securities (aggregating up to ₹1.44 Cr) |
| Net Offered to Public | 36,48,000 shares (aggregating up to ₹27.36 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,60,000 shares |
| Share Holding Post Issue | 1,20,00,000 shares |
Gurunanak Agriculture IPO offers total 38,40,000 shares. Out of which 18,24,000 (47.50%) allocated to NII 18,24,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.00%) |
| NII (HNI) Shares Offered | 18,24,000 (47.50%) |
| Retail Shares Offered | 18,24,000 (47.50%) |
| Total Shares Offered | 38,40,000 (100.00%) |
Gurunanak Agriculture IPO opens on September 24, 2025, and closes on September 26, 2025.
| IPO Open Date | Wed, Sep 24, 2025 |
| IPO Close Date | Fri, Sep 26, 2025 |
| Tentative Allotment | Mon, Sep 29, 2025 |
| Initiation of Refunds | Tue, Sep 30, 2025 |
| Credit of Shares to Demat | Tue, Sep 30, 2025 |
| Tentative Listing Date | Wed, Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 26, 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 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,40,000 |
| HNI (Min) | 3 | 4,800 | ₹3,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in February 2010, Gurunanak Agriculture India Limited manufactures agricultural machinery such as threshers, harvesters, reapers, and rotavators.
The company's products include Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator.
The company's manufacturing unit is located in Durg District, Chhattisgarh.
Guru Nanak Agriculture India Ltd. is continuously expanding its market presence in India and internationally.
The company has established a robust distribution network, collaborating with dealers and suppliers across multiple states and countries. Its exports have gained recognition in regions such as Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan and Uganda.
To cater to a growing customer base, the company actively participates in agricultural trade fairs, exhibitions, and seminars, showcasing its latest innovations and engaging directly with farmers and industry experts.
The company operates through three networks: 1. through partnership with companies, own dealership network (currently 48 dealers across 7 states) and retail sales.
It has a manufacturing facility in Durg, Chhattisgarh across 4.08 hectares to manufacture a range of advanced agricultural machinery, including threshers, reapers, rotavators, and, more recently, harvesters.
Competitive Strength
Gurunanak Agriculture India Ltd.'s revenue not changed and profit after tax (PAT) rose by 147% 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 | 20.16 | 21.99 | 18.17 |
| Total Income | 43.95 | 44.09 | 39.17 |
| Profit After Tax | 6.06 | 2.45 | 0.61 |
| EBITDA | 9.75 | 5.37 | 2.53 |
| NET Worth | 12.27 | 6.22 | 3.77 |
| Reserves and Surplus | 4.11 | 5.71 | 3.26 |
| Total Borrowing | 4.66 | 10.59 | 6.66 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| ROE | 49.33% |
| ROCE | 63.88% |
| Debt/Equity | 0.38 |
| RoNW | 49.33% |
| PAT Margin | 13.81% |
| EBITDA Margin | 22.23% |
| Price to Book Value | 4.99 |
| Market Capitalization | 90.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.42 | 5.05 |
| P/E (x) | 10.11 | 14.86 |
The Company Gurunanak Agriculture IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Funding Capital Expenditure towards setting up Harvester Manufacturing Unit | 170.67 |
| 2 | Working Capital Requirements | 67.69 |
| 3 | Issue Related Expenses | 29.64 |
| 4 | General Corporate Expenses | 20 |
[Dilip Davda] GAIL is engaged in the manufacturing of innovated agricultural machinery of various types. The company marked growth in its top and bottom lines for the reported periods. It is operating in a highly competitive and fragmented segment. Based on its recent financial data, the IPO appears fully priced. Well-informed investors may park moderate funds for long term. Read detail review...
| Listing Date | October 1, 2025 |
| BSE Script Code | |
| NSE Symbol | GURUNANAK |
| ISIN | INE1CCX01012 |
| Final Issue Price | ₹75 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹54.15 |
| Low | ₹54.15 |
| High | ₹54.15 |
| Last Trade | ₹54.15 |
Gurunanak Agriculture India Ltd.
Kh No. 539, PH No. 45/52,
VillKandarka, Teh,
Ahiwara, Dhamdha,
Durg, Chhattisgarh, 490036
Phone: +91 91097 32303
Email: cs@gnagro.com
Website: https://gnagro.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Gurunanak Agriculture IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹28.80 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on September 24, 2025, and closes on September 26, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Gurunanak Agriculture IPO using UPI as a payment gateway. Zerodha customers can apply in Gurunanak Agriculture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gurunanak Agriculture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gurunanak Agriculture IPO opens on September 24, 2025 and closes on September 26, 2025.
Gurunanak Agriculture IPO lot size is 1600, and the minimum amount required for application is ₹2,40,000, with 2 lots being the minimum application size.
You can apply in Gurunanak Agriculture 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 Gurunanak Agriculture IPO will be done on Monday, September 29, 2025, and the allotted shares will be credited to your demat account by Tuesday, September 30, 2025. Check the Gurunanak Agriculture IPO allotment status.
The Gurunanak Agriculture IPO listing date is on Wednesday, October 1, 2025.
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