Gurunanak Agriculture came to market through an SME IPO that opened on 24 September 2025 and closed on 26 September 2025, and the shares listed on 1 October 2025 on NSE SME. The price band was ₹75 per share and one lot was 1600 shares, so the minimum application was ₹1,20,000. The issue size was ₹28.8 crore. The whole issue was fresh shares, so the money raised went to the company.
Cameo Corporate Services Ltd was the registrar to the issue, and Finshore Management Services Ltd was the lead manager.
As of 26 September 2025.
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Incoporated on February 2010, Gurunanak Agriculture India Limited produces agricultural equipment like threshers, harvesters, reapers, and rotavators. The product range of the company is Paddy Thresher, Groundnut Thresher, Wheat Thresher, Maize Thresher, Multi-crop Thresher, Harvester, Reaper, Rotavator.The manufacturing facility of the company is situated in Durg District, Chhattisgarh. Guru Nanak Agriculture India Ltd. is extending its market reach in India and abroad continuously.The firm has developed a strong distribution system, working with dealers and suppliers in several states and nations.
Its exports have become well known in the countries of Bhutan, Ghana, Nepal, Nigeria, South Africa, Sri Lanka, Sudan and Uganda.To reach an increasing number of customers, the firm actively attends agricultural trade fairs, exhibitions, and seminars, exhibiting its newest developments and interacting directly with farmers and industry professionals. It works through three networks: 1.
through joint venture with companies, own dealers network (presently 48 dealers spread over 7 states) and retail sales.It has a factory in Durg, Chhattisgarh covering 4.08 hectares to produce a variety of sophisticated agricultural machinery, such as threshers, reapers, rotavators, and, more recently, harvesters.
As described in the offer document.
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Harjeet Singh, Jaspreet Kaur, Kamaljeet Singh Kalsi. Promoter holding 99.99% before the issue and 68.00% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Gurunanak Agriculture IPO was a ₹28.8 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹75 per share with a lot size of 1,600 shares; the minimum retail application was 3,200 shares (₹2,40,000). The IPO was open from September 24 to September 26, 2025 and was subscribed 1.77x. Shares listed on NSE SME on October 1, 2025 at ₹60, a 20.0% discount to the issue price of ₹75. Cameo Corporate Services Ltd. is the registrar.
Finshore Management Services Ltd. is the book running lead manager.
The issue price of Gurunanak Agriculture IPO is ₹75 per share (fixed price).
The lot size of Gurunanak Agriculture IPO is 1600 shares.
The minimum investment for Gurunanak Agriculture IPO is approximately ₹2,40,000 based on the issue price.
The allotment date of Gurunanak Agriculture IPO is Sep 29, 2025.
You can check Gurunanak Agriculture IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Gurunanak Agriculture IPO allotment status on Rupix for quick and easy access.
₹75 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,20,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,20,000, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 September 2025 and closed on 26 September 2025.
The basis of allotment was published on 29 September 2025 by Cameo Corporate Services Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 October 2025 on NSE SME.
The issue size was ₹28.8 crore. The fresh issue was 38,40,000 shares (aggregating up to ₹28.8 crore).