The company has set the issue price at Rs 75 per share, valuing it at a post-issue market capitalisation of about Rs 90 crore. The grey market premium (GMP) stands at NIL, indicating muted expectations ahead of the listing.
Issue structure
The IPO consists entirely of a fresh issue of 38.4 lakh shares, aggregating Rs 28.8 crore. Out of this, 1.92 lakh shares are reserved for the market maker, Anant Securities. The balance is equally divided between retail investors and non-institutional investors, with each getting a 47.5% share of the net issue.Investors can apply for a minimum of 3,200 shares, requiring an investment of Rs 2.4 lakh. HNIs must bid for at least 4,800 shares, amounting to Rs 3.6 lakh.
About the company
Gurunanak Agriculture manufactures a wide range of agricultural machinery, including threshers, harvesters, reapers, and rotavators. Its Durg, Chhattisgarh-based facility spans 4.08 hectares and supports production of advanced mechanised equipment for multiple crop types.The company has a presence across seven states through 48 dealers and also exports to markets in Africa, South Asia, and beyond, including Ghana, Nepal, Sri Lanka, Nigeria, and South Africa. It markets products through partnerships, dealer networks, and direct retail sales.
Financials
Gurunanak Agriculture posted revenues of Rs 43.95 crore in FY25, broadly flat compared to Rs 44.09 crore a year earlier. However, profit after tax surged 147% to Rs 6.06 crore, up from Rs 2.45 crore in FY24, supported by margin improvements. EBITDA nearly doubled to Rs 9.75 crore.
Use of proceeds
as a Reliable and Trusted News SourceFunds raised will be used to set up a new harvester manufacturing unit (Rs 17.07 crore), meet working capital needs (Rs 6.77 crore), cover issue-related expenses (Rs 2.96 crore), and for general corporate purposes.