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Gurunanak Agriculture India IPO
₹1,20,000/1600 shares
Minimum Investment
IPO Details
24 Sep 25
26 Sep 25
₹1,20,000
1600
₹75 to ₹0
NSE
₹28.80 Cr
01 Oct 25
Open Free Demat Account
Open Free Demat Account
Gurunanak Agriculture India IPO Timeline
Bidding Start
24 Sep 25
Bidding Ends
26 Sep 25
Allotment Finalisation
29 Sep 25
Refund Initiation
30 Sep 25
Demat Transfer
30 Sep 25
Listing
01 Oct 25
Gurunanak Agriculture India Limited
Gurunanak Agriculture India Limited, incorporated in February 2010, specialises in manufacturing agricultural machinery, including threshers, harvesters, reapers, and rotavators. Its product range covers paddy, wheat, maize, groundnut, and multi-crop threshers alongside harvesters and reapers. Operating from its unit in Durg, Chhattisgarh, the company is steadily expanding across India and international markets. With a strong dealer network and exports to countries such as Bhutan, Nepal, Ghana, Nigeria, and Sri Lanka, it strengthens presence through trade fairs, exhibitions, and seminars, showcasing innovations to farmers and industry stakeholders.
Gurunanak Agriculture IPO Overview
Gurunanak Agriculture IPO is a fixed price issue opening for subscription on 24 September 2025 and closing on 26 September 2025. The allotment is likely to be finalised on 29 September 2025, with listing scheduled on NSE SME on 1 October 2025. The issue is priced at ₹75 per share, with a lot size of 1,600 shares. The minimum investment for retail investors is ₹2,40,000 for 3,200 shares, while HNIs must invest at least ₹3,60,000 for 4,800 shares. Finshore Management Services Ltd. is the lead manager, Cameo Corporate Services Ltd. the registrar, and Anant Securities the market maker.
Gurunanak Agriculture IPO Details
| Particulars | Details |
| IPO Date | 24 September 2025 to 26 September 2025 |
| Listing Date | 1 October 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹75 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 38,40,000 shares (aggregating up to ₹28.80 Cr) |
| Fresh Issue | 38,40,000 shares (aggregating up to ₹28.80 Cr) |
| Offer for Sale | NA |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 81,60,000 shares |
| Share Holding Post Issue | 1,20,00,000 shares |
| Market Maker | Anant Securities |
Gurunanak Agriculture IPO Reservation
| Investor Category | Shares Offered |
| Retail | 50% of the Net Issue |
| NII (HNI) | 50% of the Net Issue |
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 |
| HNI (Min) | 3 | 4,800 | ₹3,60,000 |
Gurunanak Agriculture IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 99.99% |
| Post-Issue | 68% |
Gurunanak Agriculture IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | ₹3.01 |
| Price/Earnings (P/E) Ratio | 24.94 |
| Return on Net Worth (RoNW) | 39.45% |
| Net Asset Value (NAV) | ₹7.62 |
| Return on Equity | 39.45% |
| Return on Capital Employed (ROCE) | 47.46% |
| EBITDA Margin | – |
| PAT Margin | 5.57% |
| Debt to Equity Ratio | 1.70 |
Objectives of the Proceeds
- Funding capital expenditure towards Harvester Manufacturing Unit – ₹170.67 million
- Meeting working capital requirements – ₹67.69 million
- Covering issue-related expenses – ₹29.64 million
- General corporate purposes – ₹20 million
Key Financials (in ₹ Crores)
| Particulars | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 28.45 | 21.99 | 18.17 | 20.68 |
| Revenue | 24.60 | 44.09 | 39.17 | 41.08 |
| Profit After Tax | 3.13 | 2.45 | 0.61 | 0.52 |
| Reserves & Surplus | 8.84 | 5.71 | 3.26 | 2.65 |
| Total Borrowings | 9.85 | 10.59 | 6.66 | 8.86 |

SWOT Analysis of Gurunanak Agriculture India IPO
Strength and Opportunities
- Strong brand recognition in agricultural machinery with trusted dealer network
- Export presence across multiple countries ensuring diversified revenue streams
- Wide product portfolio covering threshers, harvesters, reapers, and rotavators
- Continuous innovation supported by participation in trade fairs and exhibitions
Risks and Threats
- High dependency on agricultural sector performance and monsoon conditions
- Rising competition from established domestic and international farm equipment players
- Working capital intensive operations affecting short-term liquidity
- Fluctuating raw material prices impacting manufacturing costs
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About Gurunanak Agriculture India Limited
Gurunanak Agriculture India IPO Strengths
- Provides a wide range of agricultural machinery designed to meet the varied needs of Indian farmers.
- Enjoys strong brand recognition supported by long-standing customer trust and consistent product quality.
- Focuses on continuous technological advancement through innovation, research, and dedicated product development efforts.
- Delivers cost-efficient solutions with products manufactured locally, ensuring affordability and easy accessibility for farmers.
Gurunanak Agriculture IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹) | P/E (x) | RoNW (%) | P/BV Ratio |
| Gurunanak Agriculture India Limited | 3.01 | 3.01 | 7.62 | 24.94 | 39.45 | 10.71 |
| Peer Group | ||||||
| Indo Farm Equipment Limited | 3.61 | 3.61 | 80.44 | 44.22 | 4.48 | 1.99 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
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