BharatRohan Airborne Innovations IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 23 to Sep 25 2025
Price Band
₹80 - 85
Current GMP
₹90(5.88%)
Subscription
10.07 times
IPO Details
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | September 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 52,99,200 shares (aggregating up to ₹45.04 Cr) |
| Reserved for Market Maker | 2,68,800 shares (aggregating up to ₹2.28 Cr)Rikhav Securities Ltd. |
| Net Offered to Public | 50,30,400 shares (aggregating up to ₹42.76 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,46,23,820 shares |
| Share Holding Post Issue | 1,99,23,020 shares |
IPO Date
September 23, 2025 to September 25, 2025
Listing Date
September 30, 2025
Face Value
₹10 per share
Issue Price Band
₹80 to ₹85 per share
Issue Price Final
₹85 per share
Lot Size
1,600 Shares
Sale Type
Fresh Capital
Total Issue Size
52,99,200 shares (aggregating up to ₹45.04 Cr)
Reserved for Market Maker
2,68,800 shares (aggregating up to ₹2.28 Cr)Rikhav Securities Ltd.
Net Offered to Public
50,30,400 shares (aggregating up to ₹42.76 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,46,23,820 shares
Share Holding Post Issue
1,99,23,020 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 8.33 |
| Non-Institutional Buyers*** | 16.00 |
| bNII (bids above ₹10L) | 18.40 |
| sNII (bids below ₹10L) | 11.21 |
| Individual Investors (IND category bidding for 2 Lots) | 8.50 |
| Total ** | 10.07 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
8.33
Non-Institutional Buyers***
16.00
bNII (bids above ₹10L)
18.40
sNII (bids below ₹10L)
11.21
Individual Investors (IND category bidding for 2 Lots)
8.50
Total **
10.07
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 23, 2025 | 2.62 | 0.95 | 1.24 | 0.36 | 0.27 | 1.07 |
| Day 2 Sep 24, 2025 | 2.62 | 1.77 | 1.87 | 1.59 | 1.31 | 1.77 |
| Day 3 Sep 25, 2025 | 8.33 | 16.00 | 18.40 | 11.21 | 8.50 | 10.07 |
DayDay 1
Sep 23, 2025
QIB (Ex Anchor)2.62
NII*0.95
NII (> ₹10L)1.24
NII (< ₹10L)0.36
Individual Investors0.27
Total1.07
DayDay 2
Sep 24, 2025
QIB (Ex Anchor)2.62
NII*1.77
NII (> ₹10L)1.87
NII (< ₹10L)1.59
Individual Investors1.31
Total1.77
DayDay 3
Sep 25, 2025
QIB (Ex Anchor)8.33
NII*16.00
NII (> ₹10L)18.40
NII (< ₹10L)11.21
Individual Investors8.50
Total10.07
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 30-09-2025 | 85.00 | 5(5.88%) | 90 |
| 29-09-2025 | 85.00 | 5(5.88%) | 90 |
| 28-09-2025 | 85.00 | 5(5.88%) | 90 |
| 27-09-2025 | 85.00 | 5(5.88%) | 90 |
| 26-09-2025 | 85.00 | 5(5.88%) | 90 |
| 25-09-2025 | 85.00 | 8(9.41%) | 93 |
| 24-09-2025 | 85.00 | 8(9.41%) | 93 |
| 23-09-2025 | 85.00 | 10(11.76%) | 95 |
| 22-09-2025 | 85.00 | 0(0.00%) | 85 |
| 21-09-2025 | 85.00 | 0(0.00%) | 85 |
| 20-09-2025 | 85.00 | 0(0.00%) | 85 |
| 19-09-2025 | 85.00 | 0(0.00%) | 85 |
| 18-09-2025 | 85.00 | 0(0.00%) | 85 |
| 17-09-2025 | 85.00 | 0(0.00%) | 85 |
| 16-09-2025 | 85.00 | 0(%) | (%) |
Date30-09-2025
Price85.00
GMP5(5.88%)
Estimate List Price90
Date29-09-2025
Price85.00
GMP5(5.88%)
Estimate List Price90
Date28-09-2025
Price85.00
GMP5(5.88%)
Estimate List Price90
Date27-09-2025
Price85.00
GMP5(5.88%)
Estimate List Price90
Date26-09-2025
Price85.00
GMP5(5.88%)
Estimate List Price90
Date25-09-2025
Price85.00
GMP8(9.41%)
Estimate List Price93
Date24-09-2025
Price85.00
GMP8(9.41%)
Estimate List Price93
Date23-09-2025
Price85.00
GMP10(11.76%)
Estimate List Price95
Date22-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date21-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date20-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date19-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date18-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date17-09-2025
Price85.00
GMP0(0.00%)
Estimate List Price85
Date16-09-2025
Price85.00
GMP0(%)
Estimate List Price(%)
IPO Important Dates
| IPO Open Date | Tue, Sep 23, 2025 |
| IPO Close Date | Thu, Sep 25, 2025 |
| Tentative Allotment | Fri, Sep 26, 2025 |
| Initiation of Refunds | Mon, Sep 29, 2025 |
| Credit of Shares to Demat | Mon, Sep 29, 2025 |
| Tentative Listing Date | Tue, Sep 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 25, 2025 |
IPO Open Date
Tue, Sep 23, 2025
IPO Close Date
Thu, Sep 25, 2025
Tentative Allotment
Fri, Sep 26, 2025
Initiation of Refunds
Mon, Sep 29, 2025
Credit of Shares to Demat
Mon, Sep 29, 2025
Tentative Listing Date
Tue, Sep 30, 2025
Cut-off time for UPI mandate confirmation
5 PM on Thu, Sep 25, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,72,000 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,72,000 |
| S-HNI (Min) | 3 | 4,800 | ₹4,08,000 |
| S-HNI (Max) | 7 | 11,200 | ₹9,52,000 |
| B-HNI (Min) | 8 | 12,800 | ₹10,88,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares3,200
Amount₹2,72,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares3,200
Amount₹2,72,000
ApplicationS-HNI (Min)
Lots3
Shares4,800
Amount₹4,08,000
ApplicationS-HNI (Max)
Lots7
Shares11,200
Amount₹9,52,000
ApplicationB-HNI (Min)
Lots8
Shares12,800
Amount₹10,88,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 42.02 | 22.33 | 5.27 |
| Total Income | 28.23 | 18.98 | 6.53 |
| Profit After Tax | 7.59 | 6.90 | 1.81 |
| EBITDA | 7.92 | 7.37 | 1.91 |
| Net Worth | 37.22 | 16.00 | 3.18 |
| Reserves and Surplus | 22.83 | 13.11 | 3.30 |
| Total Borrowing | 1.34 | 4.13 | 1.52 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202542.02
31 Mar 202422.33
31 Mar 20235.27
Period EndedTotal Income
31 Mar 202528.23
31 Mar 202418.98
31 Mar 20236.53
Period EndedProfit After Tax
31 Mar 20257.59
31 Mar 20246.90
31 Mar 20231.81
Period EndedEBITDA
31 Mar 20257.92
31 Mar 20247.37
31 Mar 20231.91
Period EndedNet Worth
31 Mar 202537.22
31 Mar 202416.00
31 Mar 20233.18
Period EndedReserves and Surplus
31 Mar 202522.83
31 Mar 202413.11
31 Mar 20233.30
Period EndedTotal Borrowing
31 Mar 20251.34
31 Mar 20244.13
31 Mar 20231.52
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|
| BharatRohan Airborne Innovations Ltd. | 5.53 | 5.53 | 25.61 | 20.38 | Consolidated |
Company NameBharatRohan Airborne Innovations Ltd.
EPS (Basic)5.53
EPS (Diluted)5.53
NAV (per share) (Rs)25.61
RoNW (%)20.38
Financial statementsConsolidated
IPO Reservation
| Market Maker Shares Offered | 2,68,800 (5.07%) |
| QIB Shares Offered | 24,64,000 (46.50%) |
| − Anchor Investor Shares Offered | 14,75,200 (27.84%) |
| − QIB (Ex. Anchor) Shares Offered | 9,88,800 (18.66%) |
| NII (HNI) Shares Offered | 7,68,000 (14.49%) |
| − bNII > ₹10L | 5,12,000 (9.66%) |
| − sNII < ₹10L | 2,56,000 (4.83%) |
| Retail Shares Offered | 17,98,400 (33.94%) |
| Total Shares Offered | 52,99,200 (100.00%) |
Market Maker Shares Offered
2,68,800 (5.07%)
QIB Shares Offered
24,64,000 (46.50%)
− Anchor Investor Shares Offered
14,75,200 (27.84%)
− QIB (Ex. Anchor) Shares Offered
9,88,800 (18.66%)
NII (HNI) Shares Offered
7,68,000 (14.49%)
− bNII > ₹10L
5,12,000 (9.66%)
− sNII < ₹10L
2,56,000 (4.83%)
Retail Shares Offered
17,98,400 (33.94%)
Total Shares Offered
52,99,200 (100.00%)
Information about company
Incorporated in June 2016, BharatRohan Airborne Innovations Limited is an agritech solutions provider focusing on drone/UAV platforms and Hyperspectral Imaging (HSI) technology.
The company offers a range of services and products to address key challenges in the agricultural value chain, including crop production advice and guidance on Integrated Crop Management Practices to support the sale of agricultural inputs and outputs.
They are an Agri-tech company that helps farmers grow profitably using a Decision Support System (DSS) with Hyperspectral Imaging and other imaging technologies.
Products & Services
Providing Crop Monitoring Services
Sale of various branded agri-input
As of June 30, 2025, the company had a total of 39 permanent employees and 20 Fixed Term Employees.
Competitive Strength:
Comprehensive and integrated range of offerings that provide a “One Stop Solution” for Agriculture Business through diversified Service and Product Portfolio.
Using technology throughout farming can improve the process. Drones can help monitor crops and provide useful data analysis.
Focus on Sustainable Farming
Experienced Promoters and Management Team.
Objectives of IPO
The Company BharatRohan Airborne Innovations IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Funding of Capital Expenditure requirements for purchase of new Equipment by the Company
14.21
2
Purchase of Commercial Vehicle
2.29
3
Funding Working Capital Requirement of the Company;
16.68
4
General Corporate Purpose
Disclaimer
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