BHARATROHAN AIRBORNE INNOVATIONS LIMITED

23 Sep 2025 - 25 Sep 2025 Individual Category SME BSE

Min Investment

₹272000

Price Band

₹80-₹85

Issue Size

38.24 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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23 Sep 2025

Open Date

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25 Sep 2025

Close Date

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26 Sep 2025

Allotment Date

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30 Sep 2025

Listing Date

BharatRohan Airborne Innovations IPO is a book-built issue worth Rs 45.04 crore. The entire issue comprises a fresh offering of 0.53 crore equity shares, aggregating to Rs 45.04 crore. The IPO subscription will open on September 23, 2025, and close on September 25, 2025. The allotment of shares is likely to be finalised on September 26, 2025, and the shares are scheduled to be listed on the BSE SME platform on September 30, 2025. The price band has been fixed between Rs 80 and Rs 85 per share. The lot size is 1,600 shares. For retail investors, the minimum investment required is Rs 2,72,000 (for 3,200 shares at the upper band). For HNI investors, the minimum application size is 3 lots (4,800 shares), amounting to Rs 4,08,000. Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar of the issue. The company’s market maker is Rikhav Securities Ltd.

Know Before Investing

Strengths icon

  • Revenue surged from Rs 6.53 crore in FY23 to Rs 28.23 crore in FY25 showcasing rapid growth.
  • Advanced drone and hyperspectral imaging technology positions it as a precision agriculture innovator.
  • Diversified offerings in crop monitoring crop management guidance and agri-input sales strengthen its revenue base.

Weaknesses icon

  • High trade receivables and inventory levels create capital lock-in and liquidity pressures.
  • Heavy dependence on farmer adoption of drone and imaging technologies may slow growth.
  • Exposure to sectoral regulatory and scaling risks due to evolving agritech and limited geographic reach.

About Bharatrohan Airborne Innovations Limited

BharatRohan Airborne Innovations Limited, incorporated in June 2016, is an agritech company specializing in drone/UAV-based solutions and Hyperspectral Imaging (HSI) technology. The company leverages imaging and Decision Support Systems (DSS) to help farmers enhance productivity and profitability by offering crop monitoring services, guidance on integrated crop management practices, and sales of branded agri-inputs. Its offerings are designed to tackle critical challenges in the agricultural value chain, from production to output marketing. As of June 30, 2025, BharatRohan employed 39 permanent staff members along with 20 fixed-term employees.

Founded

2016

Managing Director

Amandeep Panwar

Parent Organization

-

IPO Objectives

The proceeds from the issue are proposed to be utilized towards multiple objectives, including Rs 14.21 crore for capital expenditure on acquiring new equipment, Rs 2.29 crore for the purchase of a commercial vehicle, Rs 16.68 crore to meet the company’s working capital requirements, and the balance for general corporate purposes.

Company Promoters

Amandeep Panwar

Rishabh Choudhary.

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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