Fixed Price IPO | ₹29 Cr | Listed at NSE SME | Wed, Sep 24, 2025 - Fri, Sep 26, 2025
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 bidding started from Sep 24, 2025 and ended on Sep 26, 2025. The allotment for Gurunanak Agriculture IPO was finalized on Sep 29, 2025. The shares got listed on NSE SME on Oct 1, 2025.
Gurunanak Agriculture IPO price is ₹75 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 (3,200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 24, 2025
IPO Close
Fri, Sep 26, 2025
Issue Price
₹75 per share
Market Cap (Pre-IPO)
₹90.00 Cr
| IPO Date | 24 to 26 Sep, 2025 |
| Listed on | Wed, Oct 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 38,40,000 shares (agg. up to ₹29 Cr) |
| Reserved for Market Maker | 1,92,000 shares Anant Securities (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 36,48,000 shares (agg. up to ₹27 Cr) |
| Net Offered to Public | 36,48,000 shares (agg. up to ₹27 Cr) |
| Share Holding Pre Issue | 81,60,000 shares |
| Share Holding Post Issue | 1,20,00,000 shares |
| NSE Symbol | GURUNANAK |
| ISIN | INE1CCX01012 |
Gurunanak Agriculture IPO comprises a total issue size of 38,40,000 shares. The net offer to the public is 36,48,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 18,24,000 (50.00%) allocated to NII 18,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,24,000 | 50.00% | 47.50% |
| Retail Shares Offered | 18,24,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.00% | |
| Total Shares Offered | 38,40,000 | 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 | ₹2,40,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,40,000 |
| HNI (Min) | 3 | 4,800 | ₹3,60,000 |
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 | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards setting up Harvester Manufacturing Unit | 17.07 |
| 2 | Working Capital Requirements | 6.77 |
| 3 | Issue Related Expenses | 2.96 |
| 4 | General Corporate Expenses | 2.00 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.42 | 5.05 |
| P/E (x) | 10.11 | 14.86 |
| Promoter Holding | 99.99% | 68% |
| Market Cap | ₹90.00 Cr. |
The Gurunanak Agriculture IPO is subscribed 1.72 times on September 26, 2025 6:19:09 PM (Day 3). The public issue subscribed 3.15 times in the individual investors category, [.] times in the QIB category, and 0.29 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| NII* | 0.29 | 18,24,000 | 5,28,000 | 0 |
| Individual Investor | 3.15 | 18,24,000 | 57,40,800 | 1,794 |
| Total | 1.72 | 36,48,000 | 62,68,800 | 1,878 |
Total Application : 1,878
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees (including Underwriting Commission) | 0.83 |
| 2 | Registrar to the issue, Legal Advisor, Auditors, Market Maker, Sponsor Bank and Bankers to the Issue, Bidding charges, Printing and distribution of Issue Stationary | 0.17 |
| 3 | Regulators Including Stock Exchanges | 0.24 |
| 4 | Advertising, Marketing and Advisory Expenses | 1.73 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹75.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹60.00 |
| Last Trade | ₹57.00 |
Lead Manager Reports
Gurunanak Agriculture IPO is a SME IPO of 38,40,000 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 24, 2025, and closes on Fri, Sep 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 Wed, Sep 24, 2025 and closes on Fri, Sep 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 Tue, Sep 30, 2025. Check the Gurunanak Agriculture IPO allotment status.
The Gurunanak Agriculture IPO listing date is on Wed, Oct 1, 2025.
