BharatRohan Airborne Innovations IPO
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Schedule of BharatRohan Airborne Innovations
| Issue open date | 23 Sep 2025 |
| Issue close date | 25 Sep 2025 |
| UPI mandate deadline | 25 Sep 2025 (5 PM) |
| Allotment finalization | 26 Sep 2025 |
| Refund initiation | 29 Sep 2025 |
| Share credit | 29 Sep 2025 |
| Listing date | 30 Sep 2025 |
| Mandate end date | 10 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 26 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About BharatRohan Airborne Innovations
BharatRohan Airborne Innovations is an agritech solutions provider established in 2016, specialising in drone/UAV-based platforms leveraging advanced Hyperspectral Imaging (HSI) technology. The company delivers precision agriculture solutions through its flagship platforms, CropAssure and SourceAssure, providing end-to-end services across the agricultural value chain. Services include crop monitoring, advisory on Integrated Crop Management (ICM) practices, sale of agri-inputs under proprietary brand ‘Pravir’, and facilitation of agri-output sales. The company serves over 12,700 farmers across multiple Indian states and partners with Farmer Producer Companies, empowering farmers through technology-driven, data-centric solutions for profitable and sustainable farming
Financials of BharatRohan Airborne Innovations
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹ 45.04 crores |
| Fresh Issue | ₹ 45.04 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for purchase of new equipment | 14.21 (31.5%) |
| Purchase of commercial vehicles and related equipment | 12.50 (27.7%) |
| Working capital requirements | 9.00 (20.0%) |
| General corporate purposes | 9.33 (20.7%) |
Strengths
- Advanced Hyperspectral Imaging technology for precision agriculture solutions
- Vertically integrated business model covering entire agricultural value chain
- Proprietary ‘Pravir’ brand for agri-inputs with growing market presence
- Strong farmer network of over 12,700 farmers across multiple states
- Proven technology platforms CropAssure and SourceAssure with demonstrated results
Risks
- Heavy dependence on technology and potential equipment failures affecting operations
- Weather dependency and seasonal fluctuations impacting agricultural demand
- Regulatory changes in drone operations and agricultural policies
- Competition from established agritech players and new market entrants
- Customer concentration risk with dependence on farmer adoption rates
Allotment Status for BharatRohan Airborne Innovations
To check your allotment status – click here.
Subscription Figures for BharatRohan Airborne Innovations
As per media reports (Link), the Grey Market Premium (GMP) of BharatRohan Airborne Innovations is reported at ₹0 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 23, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.88 | 25.88 | 2.62x |
| NII | 7.68 | 7.26 | 0.95x |
| Retail | 17.98 | 4.80 | 0.27x |
| Total | 35.55 | 37.95 | 1.07x |