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Gurunanak Agriculture India Ltd. IPO is a Fixed Price Issue
The equity shares are proposed to be listed on the NSE SME. Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Gurunanak Agriculture IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹75 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| 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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Mar 27, 2025 |
| Under Process | Fri, May 16, 2025 |
| SEBI/Exchange approval received | Thu, Jul 3, 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.
As of February 28 2025, the company had 43 employees in various departments.
Competitive Strength
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 28.45 | 21.99 | 18.17 | 20.68 |
| Total Income | 24.6 | 44.09 | 39.17 | 41.08 |
| Profit After Tax | 3.13 | 2.45 | 0.61 | 0.52 |
| Net Worth | 9.35 | 6.22 | 3.77 | 3.16 |
| Reserves and Surplus | 8.84 | 5.71 | 3.26 | 2.65 |
| Total Borrowing | 9.85 | 10.59 | 6.66 | 8.86 |
| Amount in ₹ Crore | ||||
| KPI | Values |
|---|---|
| ROE | 39.45% |
| ROCE | 47.46% |
| Debt/Equity | 1.70 |
| RoNW | 39.45% |
| PAT Margin | 5.57% |
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 |
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 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹75 per share. The minimum order quantity is 1600.
The Gurunanak Agriculture IPO open and close dates are not available as of now.
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 dates are not announced. Please check back again after some time.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Gurunanak Agriculture IPO allotment status.
The Gurunanak Agriculture IPO listing date is not yet announced. The tentative date of Gurunanak Agriculture IPO listing is [.].
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