Gurunanak Agriculture India Limited
Fixed Price IPO · NSE
- Price band
- ₹75 - ₹75
- Lot size
- 1,600 shares
- Issue amount
- ₹28.8 cr
- Total subscription
- 1.77×
- Opens
- 24 Sept 2025
- Closes
- 26 Sept 2025
- Allotment
- 29 Sept 2025
- Listing
- 1 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 38,40,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,20,000
- Fresh issue
- ₹28.8 cr
- Offer for sale
- ₹0 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,20,000
- Issue type
- Fixed Price IPO
- Shares before issue
- 81,60,000
- Shares after issue
- 1,20,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 3,200 | ₹2,40,000 |
| sHNI | 3 | 4,800 | ₹3,60,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 26 Sept 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 0 |
| NIB | 0 | 84 |
| RETAIL | 570 | 1,794 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 13.68 | 43.06 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 0 | 0 | 0 |
| ROE | 0 | 0 | 0 |
| ROCE | 63.88 | 47.46 | 26.29 |
| RONW | 49.33 | 39.45 | 16.12 |
| PRE IPO(PE) | 10.11 | 0 | 0 |
| POST IPO(PE) | 14.86 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Gurunanak Agriculture India Limited | 10.11 | NA | 10 | 15.04 | 49.33 | 7.42 |
| Indo Farm Equipment Limited | 42.40 | NA | 10 | 107.27 | 5.53 | 5.48 |
Company information
Company profile
Gurunanak Agriculture India Limited, incorporated in February 2010, is engaged in the manufacturing of agricultural machinery, including threshers, harvesters, reapers, and rotavators. Its product range covers paddy, groundnut, wheat, maize, and multi-crop threshers, along with harvesters, reapers, and rotavators. The company’s manufacturing facility is located in the Durg district of Chhattisgarh. Over the years, it has steadily expanded its presence both in India and abroad, supported by a strong distribution network of dealers and suppliers across several states and countries. Its exports have established a notable footprint in regions such as Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan, and Uganda. To strengthen customer engagement and showcase innovations, the company actively participates in agricultural trade fairs, exhibitions, and seminars, enabling direct interaction with farmers and industry experts. As of February 28, 2025, Gurunanak Agriculture India Limited employed 43 people across various departments.
Strengths
- Wide Product Range – Offers threshers, harvesters, reapers, rotavators, and cultivators to meet diverse crop and farming needs.
- Strong Farmer Trust – Known for durable, high-performance machinery with strong demand, especially for its popular combined harvester.
- Innovation Driven – Continuous R&D delivers advanced, cost-effective solutions that improve farming efficiency and productivity.
Risk factors
- Project Setup Risk – Establishing the new harvester manufacturing unit carries risks that may impact growth, cash flow, and financial stability.
- Commissioning Delays – Any delay or inefficiency in making the unit operational could affect business performance and financials.
- Order & Civil Work Delays – Pending civil work and machinery orders may lead to project delays and higher costs.
Promoters
Harjeet Singh
Jaspreet Kaur
Kamaljeet Singh Kalsi
Registrar & documents
Lead manager
Finshore Management Services Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Kh No. 539, PH No. 45/52, VillKandarka, Teh, Ahiwara, Dhamdha, Durg, Chhattisgarh, 490036
+91 91097 32303
[email protected]Company website ↗Understanding GURUNANAK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.