GURUNANAK AGRICULTURE INDIA LIMITED

24 Sep 2025 - 26 Sep 2025 Individual Category SME NSE

Min Investment

₹240000

Price Band

₹75

Issue Size

38.4 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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24 Sep 2025

Open Date

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26 Sep 2025

Close Date

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29 Sep 2025

Allotment Date

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01 Oct 2025

Listing Date

Gurunanak Agriculture is launching a fixed-price IPO worth Rs 28.80 crore, consisting entirely of a fresh issue of 0.38 crore equity shares aggregating to Rs 28.80 crore. The IPO opens for subscription on September 24, 2025, and will close on September 26, 2025. The basis of allotment is expected to be finalised on September 29, 2025, and the shares are proposed to be listed on the NSE SME platform, with a tentative listing date of October 1, 2025. The issue price has been fixed at Rs 75 per share. The minimum application lot is 1,600 shares. For retail investors, the minimum investment amounts to Rs 2,40,000 for 3,200 shares (based on the upper price), while HNI investors must apply for at least three lots (4,800 shares), totalling Rs 3,60,000. Finshore Management Services Ltd. is acting as the book-running lead manager, while Cameo Corporate Services Ltd. has been appointed as the registrar. The market-making responsibilities will be handled by Anant Securities.

Know Before Investing

Strengths icon

  • Operating in agricultural machinery since 2010 with a solid track record.
  • Offers a wide range of products like threshers harvesters reapers and rotavators.
  • Strong distribution network in India and select international markets.

Weaknesses icon

  • Limited presence in the global market despite some exports.
  • Smaller scale compared to major competitors in the sector.
  • Business is affected by seasonal agricultural demand and raw material costs.

About Gurunanak Agriculture India Limited

Incorporated in February 2010, Gurunanak Agriculture India Limited specialises in manufacturing a wide range of agricultural machinery, including threshers, harvesters, reapers, and rotavators. Its product lineup features machines such as Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvesters, Reapers, and Rotavators. The company’s manufacturing facility is located in Durg District, Chhattisgarh, spread over 4.08 hectares, and is equipped to produce advanced agricultural machinery efficiently. Gurunanak Agriculture has been steadily expanding its presence both domestically and internationally, leveraging a strong distribution network that includes partnerships, its own dealership network (currently 48 dealers across seven states), and direct retail sales. The company also exports its products to countries such as Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan, and Uganda, earning recognition in international markets. To engage with its growing customer base and showcase innovations, the company actively participates in agricultural trade fairs, exhibitions, and seminars, connecting directly with farmers and industry experts.

Founded

2010

Managing Director

Harjeet Singh

Parent Organization

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IPO Objectives

The company intends to use the proceeds from the issue primarily to fund capital expenditure for establishing a Harvester Manufacturing Unit amounting to Rs 170.67 million. Additionally, Rs 67.69 million will be allocated to meet working capital requirements, Rs 29.64 million towards issue-related expenses, and Rs 20 million for general corporate purposes.

Company Promoters

Harjeet Singh

Jaspreet Kaur

Kamaljeet Singh Kalsi

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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