Gurunanak Agriculture IPO Sees Moderate Demand, Subscribed 1.72x by Day 3

Gurunanak Agriculture India Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third and final day of subscription, with Gurunanak Agriculture's stock price set at ₹75.00 per share reflecting steady market reception. The ₹28.80 crore IPO reached 1.72 times by 5:09:09 PM on day three.

Gurunanak Agriculture IPO individual investors segment leads with strong 3.15 times subscription, whilst non-institutional buyers show limited participation at 0.29 times, reflecting measured investor confidence in this Chhattisgarh-based agricultural machinery manufacturer.

IPO Subscription Status

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Subscription Details (Day 3 – September 26, 2025, 5:09:09 PM)

Total Applications: 1,878

Key Highlights - Day 3:

• Overall subscription reached moderate 1.72 times, showing substantial improvement from day two's 1.27 times.
• Individual investors displaying strong interest at 3.15 times, building substantially from day two's 2.35 times.
• Non-institutional investors showing limited performance at 0.29 times, building marginally from day two's 0.19 times.
• Total applications reached 1,878, indicating reasonable investor participation for this SME IPO.
• Cumulative bid amount reached ₹47.02 crores, significantly exceeding the issue size of ₹28.80 crores.

Gurunanak Agriculture IPO - Day 2 Subscription at 1.27 Times

• Overall subscription reaching moderate 1.27 times, showing substantial improvement from day one's 0.54 times.
• Individual investors showing moderate performance at 2.35 times, building substantially from day one's 1.00 times.
• Non-institutional investors displaying limited confidence at 0.19 times, building marginally from day one's 0.08 times.

Gurunanak Agriculture IPO - Day 1 Subscription at 0.54 Times

• Overall subscription reached limited 0.54 times, showing cautious initial investor interest.
• Individual investors showing strong performance at 1.00 times, indicating decent retail appetite.
• Non-institutional investors displaying minimal confidence at 0.08 times, showing very weak HNI sentiment.

About Gurunanak Agriculture India Limited

Gurunanak Agriculture India Limited manufactures agricultural machinery including threshers, harvesters, reapers, and rotavators, operating from Chhattisgarh with a network of 48 dealers across 7 states and export presence in 8 countries including Bhutan, Ghana, Nepal and South Africa.