IPO Details
Bidding Dates
23 Sep '25 - 25 Sep '25
Minimum Investment
₹2,72,000 / 2 Lots (3,200 Shares)
Price Range
₹80 – ₹85
Maximum Investment
₹2,72,000 / 2 Lots (3,200 Shares)
Retail Discount
To be announced
Issue Size
₹45.04 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |BharatRohan Airborne Innovations IPO Important Dates
Important dates with respect to IPO allotment and listing
Opening Date
Sep 23, 25
Closing Date
Sep 25, 25
Basis of Allotment
Sep 26, 25
Initiation of Refunds
Sep 29, 25
IPO Listing Date
Sep 30, 25
About BharatRohan Airborne Innovations IPO
BharatRohan Airborne Innovations IPO is a book-built issue worth ₹45.04 crore. The IPO consists entirely of a fresh issue of 52.99 lakh equity shares. The IPO opens for subscription on September 23, 2025, and closes on September 25, 2025. The allotment is expected to be finalised on September 26, 2025, with tentative listing on BSE SME scheduled for September 30, 2025.
The IPO is priced in a band of ₹80 – ₹85 per share. Retail investors must apply for a minimum of 2 lots comprising 3,200 shares, requiring an investment of ₹2,72,000 at the cutoff price. HNI investors must apply for a minimum of 3 lots (4,800 shares), amounting to ₹4,08,000.
Smart Horizon Capital Advisors Private Limited is the book-running lead manager to the issue, and KFin Technologies Limited is the registrar. Rikhav Securities Limited is the designated market maker.
For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the BharatRohan Airborne Innovations IPO RHP.
Industry Outlook
- India’s agricultural sector stands at the cusp of a technological renaissance, driven by the convergence of drone-based precision farming, hyperspectral imaging, and integrated crop management practices. With agriculture contributing approximately 18% to the national GDP and employing nearly 45% of the workforce, the sector’s modernisation is pivotal to the country’s economic resilience and food security.
- The agritech ecosystem, as envisioned by NITI Aayog, holds the potential to uplift farmer incomes by 25–35% and contribute an estimated US$95 billion to India’s GDP. This transformation is underpinned by innovations in remote sensing, data-driven advisory platforms, and sustainable farming solutions that reduce input costs, enhance productivity, and improve market linkages.
- India’s vast agro-ecological diversity presents both opportunities and challenges. While traditional farming practices remain prevalent, the adoption of UAVs (Unmanned Aerial Vehicles) and hyperspectral imaging is accelerating, enabling real-time crop monitoring, disease detection, and precision input application. This shift is fostering a new breed of agritech enterprises that integrate scientific research, data analytics, and farmer engagement to deliver end-to-end solutions.
- The competitive landscape is evolving rapidly. Alongside established players in agri-inputs and food processing, emerging companies like BharatRohan are carving a niche by offering vertically integrated services—from drone-based crop monitoring to the sale of residue-free agri-outputs. Their ability to combine technology with grassroots farmer support is becoming a key differentiator in a fragmented yet vibrant market.
BharatRohan Airborne Innovations IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following objectives:
- Expand technological infrastructure by investing in advanced equipment to support its drone-based crop monitoring services. This includes the acquisition of hyperspectral imaging sensors, UAV platforms, and data processing systems to enhance precision agriculture capabilities and strengthen its integrated crop management offerings.
- Improve logistics and field operations through the purchase of commercial vehicles, including two-wheelers and pick-up vans, to facilitate efficient last-mile delivery of agri-inputs and collection of agri-outputs from associated farmers across operational regions.
- Support working capital requirements to ensure uninterrupted business operations, including procurement of agri-inputs, inventory management, and fulfilment of service contracts with farmers and institutional buyers.
- Fund general corporate purposes, encompassing administrative expenses, brand development, digital platform enhancement, and strategic initiatives aimed at expanding the company’s footprint in domestic and international agritech markets.
About BharatRohan Airborne Innovations Limited
BharatRohan Airborne Innovations Limited was originally incorporated as BharatRohan Airborne Innovations Private Limited on 17 June 2016 under the Companies Act, 2013. It was subsequently converted into a public limited company and renamed BharatRohan Airborne Innovations Limited on 12 November 2024.
The company is a vertically integrated agritech enterprise specialising in drone-based crop monitoring services and the sale of agri-inputs and agri-outputs. Leveraging advanced hyperspectral imaging and decision support systems (DSS), BharatRohan provides precision agriculture solutions that empower farmers to improve productivity, reduce input costs, and enhance profitability.
Its core offerings include Integrated Crop Management (ICM) services delivered via UAVs, branded agri-inputs under the ‘Pravir’ label, and the sale of residue-free agri-outputs sourced from associated farmers. The company’s holistic approach addresses critical challenges across the agricultural value chain, from advisory and monitoring to procurement and market linkage.
BharatRohan operates across multiple states in India and has established a wholly owned subsidiary, GroeiGids B.V., in the Netherlands to support its international research and development initiatives. The company’s growth strategy is underpinned by innovation, sustainability, and farmer-centric engagement, positioning it as a key player in India’s evolving agritech landscape.
How To Check the Allotment Status of the BharatRohan Airborne Innovations IPO?
Steps to check IPO allotment status on Angel One’s app:
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How To Apply for BharatRohan Airborne Innovations IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the BharatRohan Airborne Innovations IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of BharatRohan Airborne Innovations IPO
Registered Office: Fourth Floor, B-117, DDA Sheds, Okhla Industrial Area Phase – I, South Delhi, New Delhi – 110020, India.
Phone: +91 92661 09913
E-mail: investors@bharatrohan.in
BharatRohan Airborne Innovations IPO Reservation
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 Lot Size
Application |
Lots |
Shares |
Amount |
Individual investors (Retail) (Min) |
2 |
3,200 |
₹2,72,000 |
Individual investors (Retail) (Max) |
2 |
3,200.00 |
₹2,72,000 |
S-HNI (Min) |
3 |
4,800.00 |
₹4,08,000 |
S-HNI (Max) |
7 |
30-Aug |
₹9,52,000 |
B-HNI (Min) |
8 |
12,800.00 |
₹10,88,000 |
BharatRohan Airborne Innovations IPO Promoter Holding
The promoters of the company are Mr. Amandeep Panwar and Mr. Rishabh Choudhary.
Share Holding Pre-Issue |
54.86% |
Share Holding Post Issue |
40.27% |
Key Performance Indicators for BharatRohan Airborne Innovations IPO
The market capitalisation of BharatRohan Airborne Innovations IPO is ₹169.35 Cr. Here are the KPIs of BharatRohan Airborne Innovations:
KPI |
Value |
EBITDA Margin (%) |
28.12 |
PAT Margin (%) |
26.93 |
Return on Equity (RoE) (%) |
28.21 |
Return on Capital Employed (ROCE) (%) |
19.69 |
BharatRohan Airborne Innovations IPO Prospectus
BharatRohan Airborne Innovations IPO Registrar and Lead Managers
BharatRohan Airborne Innovations IPO Lead Managers
- Smart Horizon Capital Advisors Private Limited
Registrar for BharatRohan Airborne Innovations IPO
KFin Technologies Limited
- Contact Number: +91 40 6716 2222
- Email Address: ipo@kfintech.com
BharatRohan Airborne Innovations IPO Registrar
Know before investing
Strengths
5-
Vertically integrated agritech model combining drone-based crop monitoring, agri-inputs, and agri-output sales.
-
Advanced hyperspectral imaging technology enabling precision agriculture and real-time crop diagnostics.
-
Strong revenue growth trajectory, with operating income rising from ₹646.83 lakhs in FY23 to ₹2,817.23 lakhs in FY25.
-
Established farmer network across multiple states, enhancing sourcing efficiency and rural engagement.
-
Proprietary brand ‘Pravir’ for agri-inputs, supporting brand recognition and product differentiation.
Risks
5-
High revenue dependence on cumin, with over 65% of agri-output sales linked to a single crop.
-
Significant reliance on top five customers, contributing over 30% of operating revenue in FY25.
-
No long-term supply contracts, making procurement vulnerable to market fluctuations and supplier disengagement.
-
Seasonal and weather-sensitive operations, with monsoon variability impacting crop yields and service demand.
-
Pending regulatory approval for FSSAI trading licence, posing potential compliance risks.

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BharatRohan Airborne Innovations IPO FAQs

BharatRohan Airborne Innovations IPO is a book-built issue of ₹45.04 crore. The IPO will open from September 23, 2025, to September 25, 2025.

The Basis of Allotment is expected to be finalised on Friday, September 26, 2025.

The IPO subscription window will open on Tuesday, September 23, 2025.

Retail investors must apply for a minimum of 2 lots, and the lot size is 1,600 shares per lot. This amounts to 3,200 shares or ₹2,72,000 at the upper price band.

The listing date for BharatRohan Airborne Innovations Limited is tentatively scheduled for Tuesday, September 30, 2025, on BSE SME.

The issue size of the BharatRohan Airborne Innovations IPO is up to ₹45.04 crore, consisting of a fresh issue of 52.99 lakh equity shares.

The IPO will open on September 23, 2025, and close on September 25, 2025.

KFin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.

BharatRohan Airborne Innovations Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE SME).