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Gurunanak Agricultur announces launch of initial public offering

Share Source By

Dion Global

19 Sep 2025

Gurunanak Agriculture India Ltd. has announced public offering of 3840000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 65.00 per share. The gross proceeds of the issue are expected to be Rs 2,880.00 lakhs.

The company's initial public offer (IPO) will open on 24 September 2025 and is expected to close on 26 September 2025, subject to customary closing conditions.

The IPO includes a fresh Issue of 3840000 Equity Shares of the Company at an price of Rs 75.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Gurunanak Agriculture India Ltd. anticipates using the proceeds of the issue for

A Funding Capital Expenditure for setting up Harvester Manufacturing UnitB Working Capital RequirementsC General Corporate PurposesD To meet the Issue Expenses

The Company believes that listing will enhance the Company’s corporate image, visibility of the brand name and create apublic market for its Equity Shares in India It will also make future financing easier and affordable in case of expansion ordiversification of the business Further, listing attracts interest of institutional investors as well as foreign institutionalinvestors.

Finshore Management Services Ltd. as lead manager & Cameo Corporate Services Ltd. is the registrar, to the issue.