BharatRohan Airborne Innovations IPO

About BharatRohan Airborne Innovations IPO

The IPO of BharatRohan Airborne Innovations Ltd comprises a fresh issue of up to 52,99,200 equity shares. There’s no offer for sale in this IPO, which is a 100% book-built issue. The price band is ₹80 to ₹85 per share and the lot size is 1600. The IPO opens on September 23, 2025 and closes on September 25, 2025

The listing date is on or before September 30, 2025 and the allotment date is on or before September 26, 2025. The credit of shares to the Demat account will take place on or before September 29, 2025, while the initiation of refund will take place on or before September 29, 2025.

BharatRohan Airborne Innovations Ltd is engaged in an emerging business model, distinguishing itself as an agritech and agri value chain solutions provider. It leverages drone/UAV based platforms, with a main focus on Hyperspectral Imaging (HSI) technology. This allows the company to offer a comprehensive suite of services and products that address critical challenges across the agricultural value chain.

Objectives of BharatRohan Airborne Innovations IPO

The company proposes to utilise the IPO proceeds for:

• Funding of capital expenditure requirements for purchase of new equipment by the company
  
• Purchase of commercial vehicle
  
• Funding working capital requirement of the company
  
• General corporate purposes
  

Industry Outlook

Agriculture solutions are available in a variety of media, including satellite imaging, sensing, agricultural machinery, and software applications. UAVs have arisen in recent decades, ranging from images to computationally intensive thickness, roughness, including soil characteristics monitoring, as well as crop reconnaissance. This could monitor yields as well as individual crops to detect crop threats sooner.

India is recognised as a global agricultural powerhouse owing to its vast argo-ecological diversity. India's agriculture business contributes significantly to the country's economy, accounting for approximately 18% of the GDP and employing 45% of the national workforce. According to the Press Bureau of India (PIB), India ranks 8th with a share of 2.33% among the world's top agricultural exporters.

The market size of agritech is expected to more than double from 2022 to 2027, rising from US$ 4 billion to a whopping US$ 34 billion (Avendus report). The food crop segment alone is predicted to rise from US$ 3 billion to US$ 25 billion by 2027. Fibre crops, cattle and dairy, poultry, and aquaculture are all expected to grow significantly.

Company Information

BharatRohan is engaged in an emerging business model, distinguishing itself as an agritech and agri value chain solutions provider. The company leverages drone/UAV based platforms, with a main focus on Hyperspectral Imaging (HSI) technology.

This allows it to offer a comprehensive suite of services and products that address critical challenges across the agricultural value chain, which includes, advisory on the crop production and guidance on the Integrated Crop Management Practices which enables the sale of Agricultural Output and Agricultural Input products by the company.

It’s a vertically integrated Agri-tech company focused on enabling farmers to grow profitably using Decision Support System (DSS) based on Hyperspectral Imaging and other imaging technologies.

Strengths of BharatRohan Airborne Innovations IPO

• Technology driven service delivery
  
• Comprehensive and integrated range of offerings that provide a “one stop solution” for agriculture business
  
• Focus on sustainable farming
  
• Experienced promoters and management team
  

Risks of BharatRohan Airborne Innovations IPO

• Dependence on key products and services may affect business stability
  
• Exposure to risks from new business expansion
  
• Loss of top customers could affect financial condition
  
• Lack of long-term contracts with top suppliers may affect operations
  
• Business vulnerability to weather patterns and climate change
  

Peer Comparison

There are no listed companies in India that engage in a business similar to that of BharatRohan Airborne Innovations Ltd. Accordingly, it is not possible to provide a comparison of key performance indicators of industry with that of BharatRohan.

Anchor Investor Bidding Date

Anchor portion of the IPO opens for bidding on September 22, 2025.

IPO Registrar and Book Running Lead Manager

• IPO Registrar: KFin Technologies Ltd
  
• Book Running Lead Manager: Smart Horizon Capital Advisors Pvt Ltd
  

Business Model

BharatRohan company boasts a diversified portfolio of services and products. It delivers a comprehensive range of solutions to its associated farmers, specifically: (a) Providing of Crop Monitoring Services (CMS) via drones, which includes Integrated Crop Management (ICM) Practices; and (b) Sale of various branded agri-inputs, prominently featuring its proprietary brand, 'Pravir.'

The company also engages in the sale of agri-output products, for which Integrated Crop Management Practices were provided by the company and whose requirements are met throughout the agricultural value chain. This diversification allows it to cater to a broader spectrum of agricultural needs, offering its clientele a complete suite of solutions.

Company Growth Trajectory

The revenue earned by BharatRohan Airborne Innovations Ltd from its crop monitoring services grew from ₹3.6145 crores in FY 23 to 14.0583 crores in FY 25. The numbers of farmers served increased from 2714 in FY 23 to 12,729 in FY 25, while the number of farmer producer companies served increased from 0 in FY 23 to 2 in FY 25. A comprehensive and integrated range of service offerings has helped the company grow over the years.

Market Position

BharatRohan was established in the year 2016 under the name “Bharatrohan Airborne Innovations Private Limited” vide Certificate of Incorporation dated June 17, 2016 issued by Deputy Registrar of Companies, Central Registration Centre with Mr. Amandeep Panwar and Mr. Mukesh Panwar as the initial subscribers of the company.

Based on the current business operations of the company, it has taken the following measures in past 3 fiscals to boost its sales by enabling farmers to grow profitably for a sustainable & safe food supply chain which are material to its business operations:

• Collaborations Agreement dated June 29, 2016 and amendment agreement dated June 10, 2024 between BharatRohan and Smart Village Movement
  

• Collaborations Agreement dated March 23, 2023 between the company and Behtar Zindagi Private Limited
  

• Co-branding Arrangement agreement dated October 24, 2024 between the company and Obopay Mobile Technology India Private Limited
  

How to Check Allotment Status of BharatRohan Airborne Innovations IPO?

1. Visit the Registrar’s Website

• Visit the official website of KFin Technologies Ltd
  
• Click on ‘IPO Allotment Status’ from ‘Investors’ under ‘Products’
  
• Click on any one of the appearing links
  
• Choose IPO name and enter either your application number, Demat account or PAN number
  
• Enter captcha and click on ‘Submit’ to know the status
  
• Click on ‘Search’ to know the status
  

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investor Services' tab. Under 'Investors Services', click on 'Status of Issue Application'. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:

• Choose the Issue Type
  
• Select the Issue Name from dropdown
  
• Put in either your application number or PAN number
  
• Check the box ‘I’m not a robot’
  
• Click on ‘Search’ to know allotment status
  

How to Apply for the BharatRohan Airborne Innovations Ltd IPO?

• Log in to your Kotak Securities Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details - Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  
• Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.