Gurunanak Agriculture India IPO Fully Subscribed on Day 2; Retail Demand Strong

New Delhi, September 25, 2025: Gurunanak Agriculture India’s ₹28-crore initial public offering (IPO) witnessed strong investor interest on its second day of bidding, becoming fully subscribed by midday. Retail investors led the demand, and by 4:30 PM, the issue was subscribed 1.18 times overall

Gurunanak Agriculture India Limited is an Indian company that operates in the agricultural sector. It processes and exports various crops, including spices, oilseeds, and grains. The company was established in 2010 and has its headquarters in Amritsar, Punjab, India.

Subscription Led By Retail Investors

The subscription was driven by retail investors, who bid for 39,84,000 shares against 18,24,000 on offer, resulting in an oversubscription of 2.18 times. Non-Institutional Investors (NIIs) subscribed 0.17 times, bidding for 3,15,200 shares against the same 18,24,000 shares on offer. Qualified Institutional Buyers (QIBs) have yet to participate in the issue

Issue Size of ₹28.80 Crores

The IPO has an issue size of ₹28.80 crore, comprising a full fresh issue of 0.38 crore shares with no offer-for-sale component. The issue was open for subscription from 24 to 26 September 2025. The company has set the price at ₹75 per share, with a lot size of 1,600 shares, amounting to a minimum investment of ₹2,40,000 at the upper price band.

The share allotment is expected on 29 September, with credit of shares and initiation of refunds scheduled for 30 September. Listing on NSE SME is expected on 1 October 2025. Finshore Management Services Ltd. is the book running lead manager, Cameo Corporate Services Ltd. is the registrar, and Anant Securities is the market maker for the issue

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