Gurunanak Agriculture India IPO
IPO Listing Details
- Listing Date
01 Oct 2025
- Listing Price
₹ 60.00
- Listing Change
-20.00%
- Last Traded Price
₹ 30.40
Gurunanak Agriculture India IPO Details
-
Open Date
24 Sep 2025
-
Close Date
26 Sep 2025
-
Listing Date
01 Oct 2025
- IPO Price Range
₹ 75
- IPO Size
₹ 36.00 Cr
- Listing Exchange
NSE SME
Gurunanak Agriculture India IPO Timeline
Gurunanak Agriculture India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 24-Sep-25 | - | 0.08 | 1.00 | 0.54 |
| 25-Sep-25 | - | 0.19 | 2.35 | 1.27 |
| 26-Sep-25 | 0.26 | 2.65 | 1.46 |
Last Updated: 26 September 2025 6:47 PM by 5paisa
Incorporated in February 2010, Gurunanak Agriculture India Limited manufactures agricultural machinery designed to support farmers in India and abroad. The company’s products include Paddy Threshers, Groundnut Threshers, Wheat Threshers, Maize Threshers, Multi-crop Threshers, Harvesters, Reapers, and Rotavators.
Its manufacturing facility is located in the Durg District, Chhattisgarh, and the company is expanding its distribution both nationally and internationally. With exports reaching Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan, and Uganda, Gurunanak Agriculture has built a robust network of dealers and suppliers.
The company actively participates in agricultural trade fairs, exhibitions, and seminars to showcase innovations and engage with farmers and industry experts. As of February 28, 2025, the firm employed 43 people across multiple departments.
Established in: 2010
Promoters: Harjeet Singh
Peers: Indo Farm Equipment Limited
Gurunanak Agriculture India Objectives
1. Funding capital expenditure towards setting up a harvester manufacturing unit – ₹17.07 crore
2. Meeting working capital requirements – ₹6.77 crore
3. Covering issue-related expenses – ₹2.96 crore
4. General corporate purposes – ₹2.00 crore
Gurunanak Agriculture IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹36.00 Cr |
| Offer For Sale | ₹0.00 Cr |
| Fresh Issue | ₹36.00 Cr |
Gurunanak Agriculture IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,40,000 |
| Retail (Max) | 2 | 3,200 | ₹2,40,000 |
| S-HNI (Min) | 3 | 4,800 | ₹3,60,000 |
Gurunanak Agriculture IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| Non-Institutional Buyers | 0.26 | 18,24,000 | 4,68,800 | 3.52 |
| Individual Investors (IND category bidding for 2 Lots) | 2.65 | 18,24,000 | 48,41,600 | 36.31 |
| Total** | 1.46 | 36,48,000 | 53,10,400 | 39.83 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Revenue | 39.17 | 44.09 | 43.95 |
| EBITDA | 2.53 | 5.37 | 5.17 |
| PAT | 0.61 | 2.45 | 6.06 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Total Assets | 18.17 | 21.99 | 20.16 |
| Share Capital | 0.51 | 0.51 | 8.16 |
| Total Borrowing | 6.66 | 10.59 | 4.66 |
| Particulars (in Rs. Crores) | FY22 | FY23 | FY24 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 6.07 | 1.14 | 2.05 |
| Net Cash Generated From / (used in) investing activities | -1.56 | -5.74 | 5.61 |
| Net Cash Generated From / (used in) financing activities | 3.15 | 2.77 | -6.81 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 1.36 | -1.84 | 0.84 |
Strengths
1. Established presence in agricultural machinery manufacturing since 2010.
2. Diverse product portfolio including threshers, harvesters, reapers, and rotavators.
3. Strong distribution network across India and international markets.
4. Cost-effective and locally manufactured products with a trusted brand reputation.
Weaknesses
1. Limited global market penetration despite international exports.
2. Moderate scale compared to larger agricultural machinery players.
3. Reliance on seasonal demand cycles in agriculture.
4. High dependence on raw material price stability for margins.
Opportunities
1. Growing demand for mechanised farming equipment in India.
2. Potential to expand product lines and enter new international markets.
3. Increasing government initiatives and subsidies for agricultural machinery.
4. Participation in trade fairs and exhibitions to strengthen brand presence.
Threats
1. Intense competition from larger, established domestic and global players.
2. Fluctuations in raw material costs are impacting profitability.
3. Adverse climatic or economic conditions affecting farming demand.
4. Rapid technological advancements require continuous R&D investment.
1. Well-established brand with strong promoter background
2. Wide product portfolio catering to domestic and global markets
3. Expanding production capabilities and dealer network
4. Consistent improvement in profitability and net worth
5. Strong industry demand driven by mechanisation and exports
India’s agricultural machinery industry is expanding rapidly, supported by mechanisation trends, farmer awareness, and government incentives. The demand for efficient, cost-effective machinery such as harvesters, threshers, and rotavators is increasing steadily, both domestically and internationally.
With its strong product portfolio, exports to multiple countries, and investments in new harvester manufacturing facilities, Gurunanak Agriculture India Ltd is well-positioned to capture growth opportunities in this sector.
Open Free Demat Account
Be a part of 5paisa community - The first listed discount broker of India.
By proceeding, you agree to all T&C*
FAQs
The Gurunanak Agriculture IPO opens on September 24, 2025 and closes on September 26, 2025.
The issue size of Gurunanak Agriculture IPO is ₹36.00 Cr through a fresh issue.
The Gurunanak Agriculture IPO has fixed price is ₹75 per share.
To apply for Gurunanak Agriculture IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Gurunanak Agriculture IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
For Gurunanak Agriculture IPO, the minimum lot is 2 (3,200 shares), requiring ₹2,40,000.
The basis of allotment of Gurunanak Agriculture IPO is September 29 2025.
The listing date of Gurunanak Agriculture IPO is expected at October 1, 2025 on NSE SME.
Finshore Management Services Ltd is the lead manager, Cameo Corporate Services Ltd is the registrar of Gurunanak Agriculture IPO.
Gurunanak Agriculture shall use the IPO proceedings for:
1. Funding capital expenditure towards setting up a harvester manufacturing unit – ₹17.07 crore
2. Meeting working capital requirements – ₹6.77 crore
3. Covering issue-related expenses – ₹2.96 crore
4. General corporate purposes – ₹2.00 crore
Gurunanak Agriculture India Contact Details
Kh No. 539, PH No. 45/52,
VillKandarka, Teh,
Ahiwara, Dhamdha,
Durg, Chhattisgarh, 490036
Phone: +91 91097 32303
Email: cs@gnagro.com
Gurunanak Agriculture India IPO Register
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Gurunanak Agriculture India IPO Lead Manager
Finshore Management Services Ltd.