Gurunanak Agriculture India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Gurunanak Agriculture India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹75
Per ShareLot Size
1600 Shares
Minimum Investment
₹1,20,000
Issue Size
₹28.8 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
50%
QIB Quota
0%
NII Quota
50%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Gurunanak Agriculture India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
68%
Issue Type
Fixed Price - SME
ISIN
INE1CCX01012
About the Company
Gurunanak Agriculture India Limited, is engaged the manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more. Our company has consistently focused on delivering innovative solutions to meet the needs of the farming community. Our range of products includes Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator, and others. Recently, our 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.
Industry Overview
Agricultural progress in India is the result of a coordinated interplay of man-machine material contact. While food grain production reached a record high of 314.51 million tonnes (Mt) in 2022, India is experiencing a parallel increase in input costs and deterioration of natural resources due to poor input utilization. Farm mechanization provides an opportunity to retain youth in agriculture by improving comfort and revenue over traditional farming. 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.
Company History
Our company was originally incorporated as a Private Limited Company under the name "Gurunanak Agriculture India Private Limited" on February 05, 2010, under the provisions of the Companies Act, 1956 bearing Corporate Identification Number U29253UP2010PTC039470 issued by Registrar of Companies- Uttar Pradesh & Uttarakhand. Subsequently, the registered office of our Company was shifted to the from Uttar Pradesh to Chhattisgarh state and a fresh Certificate of Registration for Change of State was issued by the Registrar of Companies, Chhattisgarh on October 08, 2024 bearing a new Corporate Identification number U29253CT2010PTC016944. Subsequently, our company converted into a public limited company, resulting in a name change to "Gurunanak Agriculture India Limited" under the Companies Act, 2013 vide a fresh Certificate of Incorporation dated December 05, 2024, bearing Corporate Identification Number U29253CT2010PLC016944, issued by the Registrar of Companies, Central Processing Centre.
Products & Services
- Gurunanak Agriculture India Limited is engaged the manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more.
Growth Strategy
- Expansion of Product Portfolio and Innovation.
- Increase in Manufacturing Capacity and Infrastructure Expansion.
- Leveraging Multi-Channel Distribution Network.
- Focus on Cost Leadership and Competitive Pricing.
- Commitment to Customer-Centric Service and Support.
- Sustainability and Eco-Friendly Practices.
- Geographic Expansion and Market Penetration.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 38,40,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Gurunanak Agriculture (India) Limited (the "Company" or the "Issuer") for cash at a price of Rs. 75/- per equity share, including a share premium of Rs. 65/- per equity share (the "Issue Price"), aggregating to Rs. 28.80 crores ("the Issue"), of which 1,92,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share, aggregating to Rs. 1.44 crores will be reserved for subscriptions by the market maker to the issue (the "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of 36,48,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 75/- per equity share, aggregating to Rs. 27.36 crores is here in after referred to as the one issue The issue and the net issue will constitute 32.00 % and 30.40 % respectively of the post issue paid up equity share capital of the company. Price Band: Rs. 75/- for equity share of face value of Rs. 10 each. The floor price is 7.50 times times the face value of the face value of the equity shares. Bids can made for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
- Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- The company may faces several risks associated with the object of the issue of setting up of Harvester manufacturing unit, which could hamper its growth prospects, cash flows and business and financial condition.
- The company cannot assure you that the proposed expansion of its Harvester manufacturing unit will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new facility in a timely manner or without cost overruns, it may adversely affect the company's business, results of operations and financial condition.
- The Company is yet to place orders for civil work and plant & machineries for the proposed Harvester manufacturing unit. Any delay in placing orders or completion of civil works or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- We derive a significant portion of our revenue from the sale of threshers and any reduction in demand or in the manufacturing of such product could have an adverse effect on our business, results of operations and financial condition.