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Gurunanak Agriculture India Limited is a manufacturer of agricultural machinery such as Threshers, Harvesters, Reapers, and Rotavators. The company has gained significant market traction with its recently launched Combined Harvester and is now expanding its production capabilities by establishing a dedicated manufacturing unit for harvesters, funded by the IPO, to cater to escalating demand and solidify its market leadership.
Opening Date
Sep 24, 2025
Closing Date
Sep 26, 2025
Listing Date
Oct 01, 2025
IPO Type
SME
IPO Status
Closed
Issue Size
28.8 Cr
Fresh Issue
28.8 Cr
Offer for Sale
—
Price Band
₹75 - ₹75
Lot Size
1600
Gurunanak Agriculture India Limited proposes to utilize the funds which are being raised through this Issue towards the below mentioned objects:
Funding capital expenditure of ₹17.07 crores towards setting up a dedicated Harvester Manufacturing Unit to address production bottlenecks, enhance overall efficiency and meet the rising demand for harvesters.
Fulfilling working capital requirements of ₹6.77 crores to fund the procurement of raw materials, maintain stocks, and manage sundry debtors as business operations expand.
Utilizing ₹2.00 crores for general corporate purposes, including strategic initiatives, brand building, strengthening promotional activities, and meeting unforeseen business exigencies.
P/E Ratio
1.72
EPS
2.45
ROE
49.33%
ROCE
63.88%
RONW
49.33%
Debt to Equity Ratio
0.38
PAT Margin
13.81%
EBITDA Margin
22.23%
P/B
4.99
Established brand in agricultural machinery with a comprehensive product portfolio (threshers, harvesters, reapers, rotavators).
Strong distribution network of dealers across multiple states and export markets.
Cost-effective and locally manufactured products give a competitive price advantage.
Consistent growth in revenue and profit in recent years.
Highly competitive and fragmented industry with many players.
Limited presence in emerging agri-tech or precision farming equipment.
Performance tied to agriculture cycles and monsoons.
Relatively modest scale compared to larger peers.
Rising demand for mechanized farming solutions in India.
Potential to expand product lines and new geographic regions.
Scope for technology partnerships for advanced agricultural machinery.
Government subsidies and initiatives for farm mechanization.
Fluctuations in raw material prices (steel, components).
Aggressive competition from MNCs and local players.
Agriculture downturns (weak monsoon, crop failures) reduce demand.
Policy shifts (subsidy reduction, imports) could impact sales.