BharatRohan Airborne Innovations Lists At ₹90, Gains Over 8% On BSE SME

BharatRohan Airborne Innovations Limited made a strong debut on the BSE SME platform today. The company’s shares were listed at ₹90, a 5.9% premium over the issue price of ₹85. Early trading saw the stock touch a high of ₹94.50 before stabilising around ₹92.15. This represents an 8.41% rise from the IPO price, signalling strong investor appetite.

Company Background

Founded in 2016, BharatRohan provides agritech solutions through drones and UAV-based crop monitoring. Its flagship platforms, CropAssure and SourceAssure, deliver advisory services, branded agri-inputs under “Pravir,” and facilitation of agri-output sales. The company leverages hyperspectral imaging technology for precision farming solutions. Its aim is to enhance productivity and profitability for farmers across India.

The firm currently partners with over 12,700 farmers across different states. By offering technology-driven insights, it helps farmers reduce risks and improve yields. Its solutions cover monitoring of crop health, pest management, and better utilisation of agricultural inputs. This integrated approach has made BharatRohan a recognised name in India’s agritech ecosystem.

Listing Day Performance

As of 1:40 PM IST, BharatRohan’s share price was trading at ₹92.00, representing an 8.24% gain from the listing price. The stock opened at ₹90 per share against the issue price of ₹85, highlighting immediate investor interest. During the session, it touched a high of ₹94.50 and a low of ₹90 before stabilising. The trading volume stood at 20.18 lakh shares, generating turnover of ₹18.26 crore.

The company achieved a market capitalisation of ₹183.59 crore by midday. Investor participation remained robust, as seen in the strong volumes on debut. Analysts noted that the listing premium reflects both strong subscription levels and optimism about the firm’s long-term growth. With agriculture-tech gaining traction, the debut is considered an encouraging signal for the SME market.

Anchor Investors

Ahead of the IPO launch, BharatRohan raised ₹12.54 crore from institutional investors. A total of 14,75,200 shares were allotted at ₹85 each. Key participants included Mavira Growth Opportunities Fund, Nova Global Opportunities Fund PCC – Touchstone, and Zeal Global Opportunities Fund. Other investors such as Arath AIF Growth Fund and Eminence Global Fund PCC – Eublia Capital Partners also took part in the allocation.

Strong Subscription

The IPO received bids for 3.62 crore shares against 38.24 lakh shares available. This resulted in an overall subscription of 9.46 times the offer size. Qualified institutional buyers subscribed 8.33 times, non-institutional investors 12.11 times, and retail investors 8.54 times. The issue was managed by Smart Horizon Capital Advisors Pvt Ltd, with KFin Technologies Limited serving as registrar.

Conclusion

BharatRohan Airborne Innovations has delivered an encouraging listing, debuting with gains on the BSE SME platform. Strong anchor participation and robust demand in the subscription phase underpinned the performance. With innovative drone-based agritech solutions and growing farmer partnerships, the company is well-positioned for future growth. The positive listing reflects investor confidence in India’s expanding agricultural technology sector.

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