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Gurunanak Agriculture India Ltd
AutomobileIPOSME
₹75 - 75
Gurunanak Agriculture India Limited, is engaged the manufacturing of agricultural machinery, including Threshers, Harvesters, Reapers, Rotavators, Cultivators, and more. Our company has consistently focused on delivering innovative solutions to meet the needs of the farming community. Our range of products includes Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator, and others. Recently, our company has launched Combined Harvester which has not only met but exceeded customer expectations, quickly gaining widespread popularity in the market due to its advanced features, superior efficiency, and reliability.
Lot1,600Min Invest₹2,40,000Face Value₹10Issue Size₹29 CrFresh Issue₹29 CrListing Price₹60CMP₹32
Timeline
24 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹29 Cr0.38 Cr shares
Fresh Issue₹29 Cr
Face Value₹10
Lot Size1,600 shares
ReservationNII 50% · RETAIL 50%
Application Sizes
Retail₹2,40,0001-1 lots
sNII₹2,40,000from 2 lots
bNII₹10,80,000from 9 lots
Managers & Registrar
Lead ManagerFinshore Management Services Ltd
RegistrarCameo Corporate Services Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.99%68%Public0.01%32%
Objects of the Issue
- Funding capital expenditure towards setting up Harvester Manufacturing Unit
- Working capital requirements
- General corporate expenses
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 40 | 39 | 44 | 44 | 42 |
| Operating ProfitCr | 2 | 3 | 5 | 10 | 10 |
| OPM% | 3.8 | 6.5 | 12.2 | 22.4 | 22.6 |
| PBTCr | 1 | 1 | 3 | 8 | 8 |
| PATCr | 1 | 1 | 2 | 6 | 6 |
| EPS | 10 | 12 | 48 | 8 | 6 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 1 | 1 | 1 | 8 | 12 |
| ReservesCr | 3 | 3 | 6 | 4 | 35 |
| BorrowingsCr | 9 | 7 | 11 | 5 | 2 |
| Total AssetsCr | 21 | 18 | 22 | 20 | 52 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -1 | 6 | 1 | 2 | -7 |
| Investing Cash FlowCr | -2 | -2 | -6 | 6 | -5 |
| Financing Cash FlowCr | 4 | -3 | 3 | -7 | 26 |
| Net Cash FlowCr | 1 | 1 | -2 | 1 | 14 |
Strengths & Risks
Strengths · as stated in the DRHP
- Established and proven track record.
- Leveraging the experience of our Promoters.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our customers.
- Quality Assurance & Control.
Strategies · as stated in the DRHP
- Expansion of Product Portfolio and Innovation.
- Increase in Manufacturing Capacity and Infrastructure Expansion.
- Leveraging Multi-Channel Distribution Network.
- Focus on Cost Leadership and Competitive Pricing.
- Commitment to Customer-Centric Service and Support.
- Sustainability and Eco-Friendly Practices.
Risks · as stated in the DRHP
- Our Company, Directors, Promoters and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- The company may faces several risks associated with the object of the issue of setting up of Harvester manufacturing unit, which could hamper its growth prospects, cash flows and business and financial condition.
- The company cannot assure you that the proposed expansion of its Harvester manufacturing unit will become operational as scheduled, or at all, or operate as efficiently as planned. If the company is unable to commission its new facility in a timely manner or without cost overruns, it may adversely affect the company's business, results of operations and financial condition.
- The Company is yet to place orders for civil work and plant & machineries for the proposed Harvester manufacturing unit. Any delay in placing orders or completion of civil works or procurement of such machinery may delay the schedule of implementation and possibly increase the cost of commencing operations.
- We derive a significant portion of our revenue from the sale of threshers and any reduction in demand or in the manufacturing of such product could have an adverse effect on our business, results of operations and financial condition.
- The capacity expansion for the manufacturing of Threshers and allied products is based on the expected domestic demand in India, with no confirmed order book for the additional production, and our sales are concentrated primarily in India, making us vulnerable to market fluctuations, regulatory changes, and economic downturns.