₹1,36,000 / 1600 shares
BharatRohan Airborne Innovations IPO Details
RHP/DRHPIssue Date
23 Sep - 25 Sep'25
Investment/lot
₹1,36,000
Price Range
₹80 - ₹85
Lot Size
1600
IPO Size
₹45.04 Cr
BharatRohan Airborne Innovations IPO Listing Details
Listing On
30 Sep'25
Issue Price
₹85
Listed Price
₹ 90
Retail Gain/Listing Gain
▲5.88%
Schedule of BharatRohan Airborne Innovations IPO
Start date
23/09/2025
End date
25/09/2025
Allotment of bids
26/09/2025
Refund Initiation
Listing on exchange
30/09/2025
BharatRohan Airborne Innovations IPO Subscription Status
(Last updated on 25 Sep 2025 04:45 PM)
| Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 23-Sep-2025 | 0.72x | 2.62x | 0.27x | 0.7x |
Day 2 24-Sep-2025 | 1.72x | 2.62x | 1.31x | 1.57x |
Day 3 25-Sep-2025 | 9.36x | 8.33x | 8.36x | 12.08x |
BharatRohan Airborne Innovations IPO Subscription Rate
| Category | Subscription Rate |
|---|---|
Non-Institutional (HNI) | 12.11x |
Retail | 8.47x |
Qualified Institutions | 8.33x |
Total Subscription | 9.42x |
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
BharatRohan Airborne Innovations IPO Valuation
BharatRohan Airborne Innovations IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors Retail (Min) | 2 | 3200 | 2,72,000 |
Individual Investors Retail (Max) | 2 | 3200 | 2,72,000 |
S-HNI (Min) | 3 | 4800 | 4,08,000 |
S-HNI (Max) | 7 | 11,200 | 9,52,000 |
B-HNi (Min) | 8 | 12800 | 10,88,000 |
BharatRohan Airborne Innovations IPO Share Offer and Subscription Details
| Investor | Shares Offered |
|---|---|
QIBs | Not more than 50% of the net issue |
Non-institutional Investors | Not more than 15% of the net issue |
Individual Investors | Not less than 35% of the net issue |
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
All Financial Information about BharatRohan Airborne Innovations IPO
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
BharatRohan Airborne Innovations IPO Profit and Loss.
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Total Revenue (in ₹ crores) | 28.2331 | - | - |
Profit Before Tax (in ₹ crores) | 7.2176 | - | - |
Profit After Tax (in ₹ crores) | 7.5864 | - | - |
EBITDA (in ₹ crores) | 7.9227 | - | - |
EPS in ₹ | 5.53 | - | - |
BharatRohan Airborne Innovations IPO Balance Sheet.
| Parameter | FY 25 | FY 24 | FY 23 |
|---|---|---|---|
Profit Before Tax (in ₹ crores) | 7.2176 | - | - |
Net Cash Generated from Operating Activities (in ₹ crores) | -3.8589 | - | - |
Net Cash Used in Investing Activities (in ₹ crores) | -1.6535 | - | - |
Net Cash Generated from Financing Activities (in ₹ crores) | 10.9468 | - | - |
Cash & Cash Equivalents At End of Year (in ₹ crores) | 6.2864 | - | - |
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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
BharatRohan Airborne Innovations IPO FAQs
When is BharatRohan Airborne Innovations IPO allotment?
BharatRohan Airborne Innovations IPO will be allotted on 2025-09-26.
When is BharatRohan Airborne Innovations IPO listing date?
BharatRohan Airborne Innovations will list on 2025-09-30.
What is the issue size of BharatRohan Airborne Innovations IPO?
₹45.04 Cr is the issue size of BharatRohan Airborne Innovations IPO.
What is the minimum lot size required for BharatRohan Airborne Innovations IPO?
The minimum lot size is 1600 shares and the investment required is ₹136000.
What is the price band of the BharatRohan Airborne Innovations IPO?
The price band of BharatRohan Airborne Innovations IPO is ₹80 to ₹85.
Where can I read more about BharatRohan Airborne Innovations business?
You can read more about BharatRohan Airborne Innovations and its IPO from the company’s red herring prospectus (RHP) here.
What is the BharatRohan Airborne Innovations Ltd IPO?
The BharatRohan Airborne Innovations Ltd IPO comprises a fresh issue of up to 52,99,200 equity shares aggregating up to ₹45.04 crores. There’s no offer for sale in this IPO.
When is the IPO of BharatRohan Airborne Innovations Ltd coming?
The IPO will open for bidding on September 23, 2025 and will close on September 25, 2025.
Who is the Chairman and MD of BharatRohan Airborne Innovations Ltd?
Amandeep Panwar is the Chairman and MD of BharatRohan Airborne Innovations Ltd.
What is the lot size of shares of BharatRohan Airborne Innovations Ltd?
The lot size of shares of BharatRohan Airborne Innovations Ltd is 1600.
From where can I get more information about the IPO of BharatRohan Airborne Innovations Ltd?
You can get more information about the IPO of BharatRohan Airborne Innovations Ltd from the company’s red draft herring prospectus here.