Gurunanak Agriculture India Limited (GAIL) is engaged in the manufacturing of advanced agricultural machinery designed to support farmers in improving productivity and efficiency.
The company’s product portfolio includes Paddy, Groundnut, Wheat, Maize, and Multi-crop Threshers, along with Harvesters, Reapers, and Rotavators. Recently, it introduced a Combined Harvester, which has been well-received in the market for its durability, efficiency, and ease of use.
Its state-of-the-art manufacturing facility is located in Durg District, Chhattisgarh, spread over 4.08 hectares, equipped to produce a wide range of agricultural implements. With rising demand, the company is enhancing its production capacity to manufacture up to 300 harvesters, 4,000 threshers, and 4,000 implements annually.
To strengthen its reach, Gurunanak Agriculture operates through a multi-channel network – partnerships with companies, its own dealership base of 48 dealers across 7 states, and direct retail sales. On the global front, the company has made its mark in international markets, exporting to Bhutan, Nepal, Sri Lanka, Ghana, Nigeria, South Africa, Sudan, and Uganda.
Actively engaging with farmers, GAIL regularly participates in agricultural trade fairs, exhibitions, and seminars, showcasing its innovations and building stronger connections within the farming community.
With its focus on innovation, farmer-centric solutions, and expansion both in India and overseas, Gurunanak Agriculture India Limited is steadily emerging as a reliable player in the farm mechanization sector.
Gurunanak Agriculture IPO – Details
| IPO Opening Date | 24 September 2025 |
| IPO Closing Date | 26 September 2025 |
| Issue Type | Fixed Price IPO |
| Issue Size | Total Issue: 38,40,000 Shares Worth ₹28.80 Crore Fresh Issue: 38,40,000 Shares Worth ₹28.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 per share |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Cameo Corporate Services Ltd. |
| NII Shares Offered | 50% |
| Retail Shares Offered | 50% |
Gurunanak Agriculture IPO – Date Schedule
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Basis of Allotment | 29 September 2025 |
| Initiation of Refund | 30 September 2025 |
| Credit of Shares to Demat | 30 September 2025 |
| IPO Listing Date | 01 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2025 |
Gurunanak Agriculture IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹2,40,000 |
| Retail (Max) | 2 | 3,200 | ₹2,40,000 |
| HNI (Min) | 3 | 4,800 | ₹3,60,000 |
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 Promoters
- Harjeet Singh
- Jaspreet Kaur
- Kamaljeet Singh Kalsi
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹39.17 Cr | ₹36.45 Cr | 0.61 Cr | ₹6.66 Cr |
| 31 March 2024 | ₹44.09 Cr | ₹38.65 Cr | ₹2.45 Cr | ₹10.59 Cr |
| 31 March 2025 | ₹43.95 Cr | ₹34.02 Cr | ₹6.06 Cr | ₹4.66 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 49.33% |
| ROCE | 63.88% |
| Debt/Equity | 0.38 |
| RoNW | 49.33% |
| PAT Margin | 13.81% |
| EBITDA Margin | 22.23% |
| Price to Book Value | 4.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.42 | 5.05 |
| P/E (x) | 10.11 | 14,86 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Funding Capital Expenditure towards setting up Harvester Manufacturing Unit. | ₹17.07 |
| Working Capital Requirements. | ₹6.77 |
| Issue Related Expenses. | ₹2.96 |
| General Corporate Purposes. | – |
✅Strengths
- Wide product range (threshers, harvesters, rotavators, reapers).
- Strong farmer trust + Mahindra co-branding.
- In-house R&D and new combined harvester.
- Dealer & export network across India and abroad.
⚠️Risks
- Seasonal & monsoon-dependent business.
- Quality or defect issues can hurt reputation.
- Single main facility, capacity limits.
- Intense competition from big farm equipment brands.
Gurunanak Agriculture IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 68.00% |
Gurunanak Agriculture IPO Prospectus
Company Contact Information
| Gurunanak Agriculture India Ltd. Kh No. 539, PH No. 45/52, VillKandarka, Teh, Ahiwara, Dhamdha, Durg, Chhattisgarh, 490036 Phone: +91 91097 32303 Email: cs@gnagro.com Website: https://gnagro.com/ |
Gurunanak Agriculture IPO Registrar
| Cameo Corporate Services Ltd. Phone: +91-44-28460390 Email: ipo@cameoindia.com Website: https://ipo.cameoindia.com/ |
Gurunanak Agriculture IPO Lead Manager(s)
| 1. Finshore Management Services Ltd. |
Gurunanak Agriculture IPO FAQ
| What is Gurunanak Agriculture IPO? Gurunanak Agriculture IPO is an SME IPO. The issue is priced at ₹75 per equity share. The IPO is to be listed on NSE SME. |
| When Gurunanak Agriculture IPO will open? The IPO is to open on 24 September 2025 for NII, and Retail Investors. |
| What is Gurunanak Agriculture IPO Investors Portion? The investors’ portion for NII – 50%, and Retail – 50%. |
| What is the Gurunanak Agriculture IPO Size? Gurunanak Agriculture IPO size is ₹28.80 Crore. |
| What is Gurunanak Agriculture IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 3200 Shares with ₹2,40,000 amount, while the maximum bid is 3200 Shares with ₹2,40,000. |
| What is the Gurunanak Agriculture IPO Allotment Date? Gurunanak Agriculture IPO allotment date is 29 September 2025. |
| What is the Gurunanak Agriculture IPO Listing Date? Gurunanak Agriculture IPO listing date is 01 October 2025. The IPO is to be listed on the NSE SME. |
