BharatRohan Airborne Innovations IPO Opens for Subscription on September 23, 2025

BharatRohan Airborne Innovations Limited, an agritech firm leveraging drones and hyperspectral imaging for crop monitoring, has opened its Initial Public Offering (IPO) for subscription today. The company aims to raise ₹45.04 crore through the issue, which will close on September 25, 2025. Post-allotment, the shares are scheduled to be listed on the BSE SME platform on September 30, 2025.

IPO Structure and Timeline

The IPO consists of 52,99,200 equity shares with a face value of ₹10 each, offered in the price band of ₹80–₹85 per share. At the upper price band, the issue size aggregates to ₹45.04 crore.

Key details include:

• Lot size: Minimum application for retail investors is two lots (3,200 shares), requiring an investment of ₹2,72,000 at the higher price band.
• Allotment date: September 26, 2025.
• Refunds initiation: September 29, 2025.
• Credit to demat accounts: September 29, 2025.
• Listing date: September 30, 2025, on BSE SME.

Smart Horizon Capital Advisors Pvt Ltd is the book-running lead manager, KFin Technologies Limited is the registrar, and Rikhav Securities Ltd is the market maker.

Business Overview and Financials

Founded to enhance farming efficiency, BharatRohan provides agritech solutions using drones and hyperspectral imaging technology. Its services include crop monitoring, advisory solutions, branded agri-inputs under the “Pravir” label, and enabling output sales through its platforms.

On the financial front:

• Revenue increased from ₹18.98 crore in FY24 to ₹28.23 crore in FY25.
• Profit after tax rose from ₹6.90 crore in FY24 to ₹7.59 crore in FY25.
• Net worth consolidated at ₹37.22 crore.
• Borrowings remained modest at ₹1.34 crore.

The financial performance underscores steady growth and limited leverage.

Strengths and Risks

The company’s strengths lie in:

• Technology leadership through UAV and hyperspectral imaging.
• A growing farmer base and service diversification across crop monitoring, agri-inputs, and outputs.
• Strong anchor investor participation lending confidence to the IPO.

Key risks include:

• High customer concentration.
• Dependence on select suppliers.
• Exposure to seasonal and climatic risks inherent to agribusiness.
• Regulatory dependencies, including DGCA approvals for drone operations and FSSAI clearances.
• Elevated working capital requirements, with receivables and inventory proportionately high.

Read More: BharatRohan Airborne Innovations IPO

Conclusion

BharatRohan Airborne Innovations IPO reflects the company’s bid to scale operations and strengthen its position in India’s evolving agritech sector. While the technological edge and diversified offerings support growth potential, investors should weigh sectoral risks and regulatory dependencies before participation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.