Gurunanak Agriculture India IPO
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Schedule of Gurunanak Agriculture India
| Issue open date | 24 Sep 2025 |
| Issue close date | 26 Sep 2025 |
| UPI mandate deadline | 26 Sep 2025 (5 PM) |
| Allotment finalization | 29 Sep 2025 |
| Refund initiation | 30 Sep 2025 |
| Share credit | 30 Sep 2025 |
| Listing date | 01 Oct 2025 |
| Mandate end date | 11 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 28 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 Gurunanak Agriculture India
Gurunanak Agriculture India is engaged in the manufacturing of agricultural machinery, including threshers, harvesters, reapers, rotavators, cultivators, and other farm equipment. The company has consistently focused on delivering innovative solutions to meet the farming community needs. Their product range includes paddy thresher, groundnut thresher, wheat thresher, maize thresher, multi-crop thresher, harvester, reaper, rotavator, and others. The company recently launched a combined harvester which has gained widespread popularity due to its advanced features, superior efficiency, and reliability. Manufacturing operations are based in Durg, Chhattisgarh.
Financials of Gurunanak Agriculture India
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | ₹ 28.80 crores |
| Fresh issue | ₹ 28.80 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure towards setting up the Harvester Manufacturing Unit | 17.07 (59.3%) |
| Working capital requirements | 6.77 (23.5%) |
| Issue-related expenses | 2.96 (10.3%) |
| General corporate purposes | 2.00 (6.9%) |
Strengths
- Diverse product portfolio in agricultural machinery manufacturing
- Focused on innovative solutions addressing agricultural mechanisation needs
- Established manufacturing base in Chhattisgarh with capacity expansion plans for a dedicated harvester unit
Risks
- Heavy dependence on threshers for revenue (75 to 95% revenue)
- Geographical concentration of operations in Chhattisgarh increases regional risk
- A major part of the revenue is concentrated on a few customers
- Seasonal demand fluctuations linked to monsoons and farming cycles
Allotment Status for Gurunanak Agriculture India
To check your allotment status – click here.
Subscription Figures for Gurunanak Agriculture India
As per media reports (Link), the Grey Market Premium (GMP) of Gurunanak Agriculture India 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 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 18.24 | 5.28 | 0.29x |
| Retail | 18.24 | 57.40 | 3.15x |
| Total | 36.48 | 62.68 | 1.72x |