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Gurunanak Agriculture IPO
Price Band
₹
Issue Size
₹28.8 Cr
Lot Size
1,600 shares
Min Investment
₹240,000
2 LOTS MIN
GMP
—
Issue Price
₹75.0
Gurunanak Agriculture IPO AI Summary
- Gurunanak Agriculture IPO is listed on NSE SME in the Tractors sector.
- Subscription window: 24 Sep–26 Sep 2025, listing on 01 Oct 2025.
Gurunanak Agriculture India Limited is an SME IPO focused on the agricultural machinery sector, with a strong growth trajectory in profitability and a comprehensive product range. The company's strategic plans for expansion and its competitive pricing position may appeal to certain investors.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Gurunanak Agriculture IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Sep 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Gurunanak Agriculture IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in February 2010, Gurunanak Agriculture India Limited manufactures agricultural machinery such as threshers, harvesters, reapers, and rotavators. The company's products include Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator. The company's manufacturing unit is located in Durg District, Chhattisgarh. Guru Nanak Agriculture India Ltd. is continuously expanding its market presence in India and internationally. The company has established a robust distribution network, collaborating with dealers and suppliers across multiple states and countries. Its exports have gained recognition in regions such as Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan and Uganda. To cater to a growing customer base, the company actively participates in agricultural trade fairs, exhibitions, and seminars, showcasing its latest innovations and engaging directly with farmers and industry experts. The company operates through three networks: 1. through partnership with companies, own dealership network (currently 48 dealers across 7 states) and retail sales. It has a manufacturing facility in Durg, Chhattisgarh across 4.08 hectares to manufacture a range of advanced agricultural machinery, including threshers, reapers, rotavators, and, more recently, harvesters. Competitive Strength Comprehensive product portfolio. Strong Brand Reputation and Customer Trust. Technological Innovation and Research & Development. Cost-Effective and Locally Manufactured Products. Strategic distribution network. Established manufacturing capabilities. Scalability and Expansion Plans. Strong Financial and Operational Management.
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 20.16 | 21.99 | 18.17 |
| Total Income | 43.95 | 44.09 | 39.17 |
| Profit After Tax | 6.06 | 2.45 | 0.61 |
| EBITDA | 9.75 | 5.37 | 2.53 |
| NET Worth | 12.27 | 6.22 | 3.77 |
| Reserves and Surplus | 4.11 | 5.71 | 3.26 |
| Total Borrowing | 4.66 | 10.59 | 6.66 |
Key Ratios
EPS
₹7.42
NAV
₹15.04
ROE
49.33%
ROCE
63.88%
RoNW
49.33%
P/B Value
4.99
P/E Ratio
10.11
Market Cap
₹90.00 Cr
PAT Margin
13.81%
Debt/Equity
0.38
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Indo Farm Equipment Limited | 107.27 | 5.53% | 42.4 | 5.48 | 5.48 |
| Gurunanak Agriculture India Limited This IPO | 15.04 | 49.33% | 10.11 | 7.42 | 7.42 |
Promoters
Harjeet Singh, Jaspreet Kaur and Kamaljeet Singh Kalsi
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding Capital Expenditure towards setting up Harvester Manufacturing Unit 17.07 2 Working Capital Requirements 6.77 3 Issue Related Expenses 2.96 4 General Corporate Expenses 2.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹39.17 Cr in the year ending 31 Mar 2023, rising to ₹44.09 Cr by 31 Mar 2024, and slightly decreasing to ₹43.95 Cr by 31 Mar 2025. This indicates a relatively stable revenue trend over the last three years.
Profit Trend
Profit After Tax was ₹0.61 Cr for the year ending 31 Mar 2023, increasing to ₹2.45 Cr by 31 Mar 2024, and further rising to ₹6.06 Cr by 31 Mar 2025. This shows a significant growth in profitability over the periods analyzed.
Valuation
Gurunanak Agriculture India Limited has an implied P/E ratio of 10.11 at the issue price, compared to peers like Indo Farm Equipment Limited, which has a P/E of 42.4. This suggests that Gurunanak is priced at a significantly lower multiple of earnings than its peer.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are officially listed on the stock exchange. Grey market premium (GMP) indicates the expected listing price of an IPO based on demand in this unofficial market. A high GMP suggests strong investor interest, while a low or negative GMP may indicate weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their risk tolerance and investment goals. It's essential to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Conservative investors who prefer stable and established companies may wish to avoid this IPO, as it involves inherent risks associated with new market entrants and the agricultural machinery sector.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market sentiment and demand for the stock. While some IPOs may see a surge in price on their first day of trading, others may not perform as well, leading to potential losses for investors.
This evaluation is generated from Gurunanak Agriculture's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
When does Gurunanak Agriculture IPO open and close?
Gurunanak Agriculture IPO opens on 24 September 2025 and closes on 26 September 2025.
When does Gurunanak Agriculture IPO list on the stock exchange?
Gurunanak Agriculture IPO listed on 01 October 2025 at ₹75.0.
What is the lot size for Gurunanak Agriculture IPO?
The lot size for Gurunanak Agriculture IPO is 1600 shares, requiring a minimum investment of ₹240,000 (2 lots).
What is the issue price of Gurunanak Agriculture's IPO?
The issue price is ₹75.0.
What is the lot size for this IPO?
The lot size is 1,600 shares.
What is the minimum investment required?
The minimum investment required is ₹240,000.
When does the IPO open and close?
The IPO opens on 24 September 2025 and closes on 26 September 2025.
When is the listing date for Gurunanak Agriculture's shares?
The listing date is 1 October 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
24 Sep 2025
Close
26 Sep 2025
Allotment
29 Sep 2025
Listing
01 Oct 2025
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