Gurunanak Agriculture India Launches Rs 28.8 Crore IPO on NSE Emerge

ENA Sectors 2025-09-23 17:28:48 New Delhi, Sep 23 (KNN) Gurunanak Agriculture India Limited (GNAIL), a Chhattisgarh-based farm equipment manufacturer, is set to launch its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO opens on September 24, 2025, and closes on September 26, 2025, offering 3.84 million equity shares at Rs 75 per share. Investors can participate with a minimum investment of Rs 1.2 lakh for 1,600 shares, and the listing is scheduled for October 1, 2025. The funds raised through the IPO will be used to set up a new harvester manufacturing unit, meet working capital requirements, and cover general corporate expenses. The company plans to expand its annual production capacity to 300 harvesters, 4,000 threshers, and 4,000 other farm machines, including rotavators, reapers, and cultivators. In FY25, GNAIL reported a net profit of Rs 6.05 crore, up from Rs 2.45 crore in FY24. Its revenue remained steady at Rs 43.85 crore, while operating margins improved from 12.2% to 22.23%. Return on net worth surged to 49.3%, and borrowings fell to Rs 4.66 crore from over Rs 10.5 crore in the previous year. Established in 2010, GNAIL has built a strong presence in seven Indian states and operates through a network of 48 dealers. Recently, the company launched a combined harvester that has received strong demand from farmers. The IPO is managed by Finshore Management Services Ltd., with Cameo Corporate Services Ltd. as the registrar and Anant Securities acting as the market maker. This public offering marks a strategic step for GNAIL to scale operations and strengthen its market footprint in the farm equipment sector. (KNN Bureau) 43602 https://knnindia.co.in/news/newsdetails/sectors/gurunanak-agriculture-india-launches-rs-288-crore-ipo-on-nse-emerge 2025-09-23 17:28:48 knnindia.co.in Gurunanak Agriculture India Launches Rs 28.8 Crore IPO on NSE Emerge