Gurunanak Agriculture Ltd. is gearing up for its IPO, a Fixed Price Issue, targeting to raise approximately ₹28.8 crores through a fresh issue of shares, each with a face value of ₹10. The IPO subscription window will open on September 24, 2025, and close on September 26, 2025, with a fixed price of ₹75 per share.
The share allocation reserves 50% for retail investors, 50% for High Net-worth Individuals (HNI), and 0% for Qualified Institutional Buyers (QIB). The IPO is scheduled to list on the NSE on October 1, 2025, with share allotment expected to be finalized on September 29, 2025.
Financially, the company recorded revenues of ₹44.09 crores in 2024, an increase from ₹39.17 crores in 2023. Its profit also grew significantly to ₹2.45 crores in 2024 from ₹0.61 crores in 2023. Based on these financials, the IPO appears to be a promising option for investors seeking long-term growth.
Key IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹75 per share |
| Issue Size | Approx. ₹28.8 Crores |
| Fresh Issue | Approx. ₹28.8 Crores |
| Offer for Sale | – |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
| Retail Quota | 50% |
| QIB Quota | 0% |
| NII (HNI) Quota | 50% |
Market Lot Information
| Category | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 2 | 3,200 | 2,40,000 |
| Retail Maximum | 2 | 3,200 | 2,40,000 |
| S-HNI Minimum | 3 | 4,800 | 3,60,000 |
Important IPO Dates
| Event | Date |
|---|---|
| IPO Opening | September 24, 2025 |
| IPO Closing | September 26, 2025 |
| Basis of Allotment | September 29, 2025 |
| Refund Initiation | September 30, 2025 |
| Demat Credit | September 30, 2025 |
| Listing Date | October 1, 2025 |
Promoters
- Harjeet Singh
- Jaspreet Kaur
- Kamaljeet Singh Kalsi
About the Company
To be updated soon
Financial Performance
| Period Ended | Revenue (₹ Cr) | Expense (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2022 | 41.08 | 38.93 | 0.52 | 20.68 |
| 2023 | 39.17 | 36.45 | 0.61 | 18.17 |
| 2024 | 44.09 | 38.65 | 2.45 | 21.99 |
| September 2024 | 24.60 | 19.31 | 3.13 | 28.45 |
Key Financial Ratios (FY2024)
| KPI | Value |
|---|---|
| ROE | 39.45% |
| ROCE | 47.46% |
| EBITDA Margin | 12.20% |
| PAT Margin | 5.57% |
| Debt to Equity Ratio | 1.70 |
| EPS (Basic) | ₹3.01 |
| P/E Ratio | 24.94 |
| RoNW | 39.45% |
| Net Asset Value (NAV) | ₹7.62 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW (%) | NAV | Income |
|---|---|---|---|---|---|
| Indo Farm Equipment Limited | 3.61 | 44.22 | 4.48% | 80.44 | 352.46 Cr. |
Purpose of the IPO
- Funding Capital Expenditure for Harvester Manufacturing Unit
- Working Capital Requirements
- Issue Related Expenses
- General Corporate Purpose
Registrar & Contact Details
Registrar:
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
Lead Manager:
Finshore Management Services Ltd.
Company Address:
Gurunanak Agriculture India Ltd.
Kh No. 539, PH No. 45/52, VillKandarka, Teh, Ahiwara, Dhamdha, Durg, Chhattisgarh, 490036
Phone: +91 91097 32303
Email: cs@gnagro.com
Website: https://gnagro.com/