IPO Details
Bidding Dates
24 Sep '25 - 26 Sep '25
Minimum Investment
₹2,40,000/ 2 Lots (3,200 Shares)
Price Range
₹75
Maximum Investment
₹2,40,000/ 2 Lots (3,200 Shares)
Retail Discount
To be announced
Issue Size
₹28.80 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB) |Gurunanak Agriculture India IPO Important Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Sep 24, 25
IPO Closing Date
Sep 26, 25
Basis of Allotment
Sep 29, 25
Initiation of Refunds
Sep 30, 25
IPO Listing Date
Oct 01, 25
Gurunanak Agriculture India IPO Subscription Details
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
|
Day 1Sep 23, 2025 |
0.04 | 0,90 | 0.47 |
About Gurunanak Agriculture India IPO
Gurunanak Agriculture India IPO is a fixed price issue with a total size of ₹28.80 crore. The issue consists entirely of a fresh issue of 38.40 lakh shares (no offer for sale). The IPO aims to fund capital expenditure for setting up a harvester manufacturing unit, meet working capital needs, and cover general corporate expenses.
The IPO opens for subscription on September 24, 2025, and closes on September 26, 2025. The basis of allotment is expected to be finalised on September 29, 2025, and the shares are proposed to be listed on NSE SME (EMERGE platform) on October 1, 2025.
The issue price is fixed at ₹75 per share, with a face value of ₹10. The minimum application size is 2 lots (3,200 shares), requiring a minimum investment of ₹2,40,000 for retail investors. For HNI investors, the minimum lot size is 3 lots (4,800 shares), amounting to ₹3,60,000.
Finshore Management Services Ltd. is acting as the lead manager to the issue, while Cameo Corporate Services Ltd. has been appointed as the registrar. Anant Securities is serving as the market maker for this IPO.
Gurunanak Agriculture India IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
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The company plans to use a portion of the IPO proceeds to set up a Harvester Manufacturing Unit, with an estimated requirement of ₹1,706.71 lakh (around 59.26% of the total issue size).
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Funds will be allocated to meet day-to-day operational needs and support business activities, estimated at ₹676.89 lakh (23.50% of the issue size).
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A part of the proceeds, around ₹200 lakh (6.95%), will be used for general corporate expenses to support ongoing business operations.
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Approximately ₹296.40 lakh (10.29%) will be used to cover IPO-related expenses, including fees and other issuance costs.
About Gurunanak Agriculture India Limited
Incorporated in February 2010, Gurunanak Agriculture India Limited is a leading manufacturer of agricultural machinery, including threshers, harvesters, reapers, and rotavators. Its product range comprises Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, and Rotavator. The company’s manufacturing facility, spread over 4.08 hectares, is located in Durg District, Chhattisgarh, and produces advanced machinery to meet the evolving needs of farmers.
Gurunanak Agriculture has steadily expanded its market presence both domestically and internationally, with a robust distribution network encompassing partnerships, an in-house dealership network of 48 dealers across seven states, and retail sales. Its exports have reached countries such as Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan, and Uganda. The company actively participates in agricultural trade fairs, exhibitions, and seminars, showcasing innovations and engaging with farmers and industry experts.
The company’s competitive strengths include a comprehensive product portfolio, strong brand reputation, technological innovation supported by research and development, cost-effective locally manufactured products, and a strategic distribution network. With established manufacturing capabilities, scalability for expansion, and strong financial and operational management, Gurunanak Agriculture India Ltd. is well-positioned to continue growing and serving the agricultural sector.
Industry Outlook
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The global economy is expected to grow at 2.7% in 2025-26, showing moderate stability. However, this growth is insufficient for sustained development, with risks from policy uncertainty, trade disruptions, inflation, geopolitical tensions, and climate-related disasters.
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EMDEs contribute around 60% of global growth but face slower per capita income growth compared to advanced economies. Without corrective policy measures, many low-income countries may not reach middle-income status by mid-century.
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Global and national policies should focus on macroeconomic stability, fiscal sustainability, trade protection, climate action, human capital development, labor inclusion, and addressing food insecurity to support long-term growth.
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Growth is expected to slow in East Asia and Pacific (due to weak Chinese demand) and Europe/Central Asia, while regions like Latin America, Middle East & North Africa, South Asia, and Sub-Saharan Africa may see moderate pick-up, supported by domestic demand.
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Since 2000, EMDEs’ share of global GDP increased from 25% to 45%, contributing ~60% of annual global growth. Trade and financial integration among these economies has strengthened, creating synchronised business cycles.
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LICs face slowing graduation to middle-income status, with growth hindered by conflicts, fragility, and adverse global trends. Opportunities exist in green transitions, tourism, regional trade, and youthful populations, but require better investment, governance, gender equity, and international support.
How To Apply for the Gurunanak Agriculture India IPO Online?
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Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
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Locate the IPO Section: Navigate to the 'IPO' section on the platform.
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Select IPO: Find and select the Gurunanak Agriculture India IPO from the list of open IPOs.
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Enter the Lot Size: Specify the number of lots you want to bid for.
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Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
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Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
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How To Check the Allotment Status of Gurunanak Agriculture India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Gurunanak Agriculture India Limited
Gurunanak Agriculture India Ltd.
Kh No. 539, PH No. 45/52,
VillKandarka, Teh,
Ahiwara, Dhamdha,
Durg, Chhattisgarh, 490036
Phone:+91 91097 32303
E-mail:cs@gnagro.com
Website: https://gnagro.com/
Gurunanak Agriculture India IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker |
1,92,000 (5.00%) |
|
NII (HNI) |
18,24,000 (47.50%) |
|
Retail |
18,24,000 (47.50%) |
|
Total |
38,40,000 (100.00%) |
Gurunanak Agriculture India IPO Lot Size Details
|
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 |
Gurunanak Agriculture India IPO Promoter Holding
The promoters of the company include Harjeet Singh, Jaspreet Kaur and Kamaljeet Singh Kalsi.
|
Share Holding Pre-Issue |
99.99% |
|
Share Holding Post Issue |
68% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Gurunanak Agriculture India IPO
|
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 |
Gurunanak Agriculture India IPO Prospectus
Gurunanak Agriculture India IPO Registrar and Lead Managers
Gurunanak Agriculture India IPO Lead Managers
- Cameo Corporate Services Ltd
Registrar for Gurunanak Agriculture India IPO
Cameo Corporate Services Ltd.
- Contact Number: +91-44-28460390
- Email Address: ipo@cameoindia.com
- Gurunanak Agriculture India IPO Registrar:https://ipo.cameoindia.com
Financial Performance of Gurunanak Agriculture India Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 | Year ending on March 31, 2025 |
|---|---|---|---|
| Assets (₹ Crore) | 20.16 | 21.99 | 18.17 |
| Total Income (₹ Crore) | 43.95 | 44.09 | 39.17 |
| Profit After Tax (₹ Crore) | 6.06 | 2.45 | 0.61 |
| EBITDA (₹ Crore) | 9.75 | 5.37 | 2.53 |
| Net Worth (₹ Crore) | 12.27 | 6.22 | 3.77 |
| Reserves and Surplus (₹ Crore) | 4.11 | 5.71 | 3.26 |
| Total Borrowing (₹ Crore) | 4.66 | 10.59 | 6.66 |
Know before investing
Strengths
7-
Wide range of machinery, including threshers, harvesters, reapers, rotavators, and cultivators for varied farming needs.
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Continuous product improvement for efficiency, performance, and adaptation to diverse agro-climatic conditions.
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Affordable pricing without compromising quality, providing economical solutions for Indian farmers.
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Multi-channel approach through partnerships, dealership network, and direct retail sales, ensuring wide market reach.
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Advanced facility with modern machinery to maintain high production standards and scalable operations.
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Further investment in R&D to introduce innovative products tailored to evolving farming needs.
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Leveraging brand reputation, distribution network, and after-sales service to capture larger market share.
Risks
7-
The company, its promoters, directors, and group companies are involved in ongoing legal proceedings, including criminal, tax, and regulatory matters. Adverse outcomes could affect financial condition, operations, and reputation.
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Potential diversion of management attention and corporate resources to handle legal disputes may increase expenses and liabilities.
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The proposed harvester manufacturing unit in Chhattisgarh may face delays, cost overruns, or technical challenges during construction and commissioning.
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Unforeseen events such as engineering issues, labour disputes, increased input costs, or delays in obtaining approvals could impact project timelines and financial performance.
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Orders for civil works and plant machinery have not yet been placed, making the project vulnerable to price escalations and implementation delays.
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A significant portion of revenue comes from the sale of threshers; any decline in demand or production could adversely affect profitability.
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Demand for farm equipment is sensitive to monsoons, natural factors, farmer incomes, availability of credit, government policies, competitor actions, and pricing strategies.
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Gurunanak Agriculture India IPO Peer Comparison
| Company | EPS Basic | NAV per Equity Share | P/E Ratio | RONW (%) |
|---|---|---|---|---|
| Gurunanak Agriculture India Limited | 3.01 | 7.62 | 24.94 | 39.45% |
| Indo Farm Equipment Limited | 3.61 | 80.44 | 44.22 | 4.48% |
Gurunanak Agriculture India IPO FAQs
The Gurunanak Agriculture India Limited IPO is an SME (Small and Medium Enterprises) public offering scheduled to open on September 24, 2025, and close on September 26, 2025.
The Basis of Allotment will happen on September 29, 2025.
The IPO subscription window will open on September 24, 2025.
The minimum lot size for retail investors is 1,600 shares, and the minimum investment is ₹120,000.
The listing date for Gurunanak Agriculture India IPO is Wednesday, October 01, 2025.
The issue size of the Gurunanak Agriculture India IPO is ₹28.80 crore.
The open and close dates for Gurunanak Agriculture India IPO are from September 24, 2025, to September 26, 2025.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Gurunanak Agriculture India Limited’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Gurunanak Agriculture India IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Cameo Corporate Services Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
The Gurunanak Agriculture India IPO is proposed to be listed on the NSE SME.
