Gurunanak Agriculture India IPO

About Gurunanak Agriculture India IPO

The fixed price issue of Gurunanak Agriculture India Ltd comprises a fresh issue of up to 38,40,000 equity shares aggregating up to ₹28.80 crores. It has no offer for sale. The total offer size of the issue aggregates up to ₹28.80 crores. The price band is ₹75 per share and the lot size is 1600. The IPO opens on September 24, 2025 and closes on September 26, 2025.

The listing date is on October 1, 2025 and the allotment date is on September 29, 2025. The credit of shares to the Demat account will take place on September 30, 2025, while the initiation of refund will take place on September 30, 2025.

Gurunanak Agriculture India Ltd is engaged in the manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more. The company has consistently focused on delivering innovative solutions to meet the needs of the farming community.

Objectives of Gurunanak Agriculture India IPO

The company proposes to utilise the IPO proceeds for:

• Funding capital expenditure for setting up Harvester Manufacturing Unit
  
• Working capital requirements
  
• General corporate purposes
  
• To meet the issue expenses
  

Industry Outlook

India is one of the major players in the agriculture sector worldwide and it is the primary source of livelihood for ~55% of India’s population. According to Inc42, the Indian agricultural sector is predicted to increase to US$ 24 billion by 2025. The Indian food and grocery market is the world’s sixth largest, with retail contributing 70% of the sales.

After the year 2010, agricultural mechanisation and post-harvest processing entered a new era of technology known as precision agriculture and post-harvest processing. The overall mechanisation level in wheat is 69%, 50% in rice, 45% in maize, 41% in pulses, 38% in oilseeds, 35% in cotton, and 33% in millets and sugarcane. The current total agriculture mechanisation rate is 47% in India.

Farm mechanisation is essential for reaching the targeted output levels, efficient input utilisation, and timeliness in the various farm operations due to the continuously rising production and demand for agricultural products and output. The Government of India recognised the need for a dedicated Mission to promote farm mechanisation, and the Sub-Mission on Agricultural Mechanisation and Farmer's Welfare (SMAM & FW) was developed as a vehicle for implementation during the XII Plan era. Company Information

Gurunanak Agriculture India Ltd is engaged in the manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more. Its range of products includes Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator, and others. The rapid increase in market demand for threshers helped establish the brand’s prominence across Bundelkhand. With increased capacity and resources, Gurunanak Agriculture India Ltd. moved to a fully operational 1.48 acres factory in Babina town in Jhansi District of Uttar Pradesh. This facility enabled the company to scale up production, accommodate more advanced machinery, and better serve its expanding customer base.

Strengths of Gurunanak Agriculture India IPO

• Comprehensive product portfolio
  
• Strong brand reputation and customer trust
  
• Technological innovation and research & development
  
• Cost-effective and locally manufactured products
  
• Strategic distribution network
  
• Established manufacturing capabilities
  

Risks of Gurunanak Agriculture India IPO

• Several risks associated with the object of the issue of setting up of Harvester manufacturing unit, which could hamper its growth prospects
  
• Inability to commission new facility in a timely manner or without cost overruns, it may adversely affect business
  
• Delay in placing orders or completion of civil works or procurement of machinery may delay the schedule of implementation and possibly increase the cost of commencing operations
  
• Loss of any one or more of major customers would have a material effect on business operations and profitability
  
• Lower revenues in the harvest time of any Fiscal may adversely affect business, financial condition, results of operations and prospects
  

Anchor Investor Bidding Date

The anchor investor bidding date is Sep 23, 2025

IPO Registrar and Book Running Lead Manager

• Registrar: Cameo Corporate Services Ltd
• Book Running Lead Manager: Finshore Management Services Ltd

Business Model

The range of products offered by Gurunanak Agriculture India Ltd includes Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator, and others. Recently, the company has launched Combined Harvester which has not only met but exceeded customer expectations, quickly gaining widespread popularity in the market due to its advanced features, superior efficiency, and reliability.

Company Growth Trajectory

The total income of Gurunanak Agriculture India Ltd grew from ₹39.1696 crores in FY 23 to ₹43.9542 crores in FY 25. Its EBITDA margin grew from 6.48% in FY 23 to 22.23% in FY 25, while PAT margin increased from 1.56% in FY 23 to 13.81% in FY 25. A comprehensive product portfolio coupled with strong brand reputation and customer trust has helped in the company’s growth.

Market Position

Gurunanak Agriculture India Ltd. traces its roots in the small town of Babina, near Jhansi in Uttar Pradesh. The company’s breakthrough came in 2010, a year that marked a new chapter in its history. The rapid increase in market demand for threshers helped establish the brand’s prominence across Bundelkhand.

With increased capacity and resources, Gurunanak Agriculture India Ltd. moved to a fully operational 1.48 acres factory in Babina town in Jhansi District of Uttar Pradesh. This facility enabled the company to scale up production, accommodate more advanced machinery, and better serve its expanding customer base. By 2017, the company had become a trusted name as a manufacturer of wheat and groundnut threshers in the Bundelkhand region and across Uttar Pradesh and Madhya Pradesh.

How to Check Allotment Status of Gurunanak Agriculture India IPO?

1. Visit the Registrar’s Website

• Visit the official website of Cameo Corporate Services Ltd and click on IPO status links
  
• Click on any one of the links
  
• Choose the company name and enter either your PAN No, Application No or DP ID
  
• Enter captcha and click on submit to know the status
  

2. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. You can use it to check the status of Gurunanak Agriculture India Ltd IPO. Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Company name from dropdown
  
• Application number
  
• PAN
  

Then click 'Submit' to know the allotment status.

How to Apply for Gurunanak Agriculture India 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.