Gurunanak Agriculture IPO to debut today. Check GMP and other details

Gurunanak Agriculture India will make its market debut on October 1, but grey market signals show no premium ahead of listing. The IPO shares are trading at a GMP of 0%, indicating that the stock could list close to its issue price of Rs 75 per share. This suggests that investors should not expect quick listing gains and the company’s long-term fundamentals will decide the stock’s performance after debut.

The Rs 28.8 crore IPO was entirely a fresh issue of 38.4 lakh shares. The offer was open between September 24 and September 26 and received a modest overall subscription of 1.7 times.

Retail investors showed stronger participation, subscribing their portion 3.1 times, while non-institutional investors remained muted with only 0.3 times subscription. The response reflects mixed investor sentiment despite the company’s improving financial track record.


Gurunanak Agriculture manufactures agricultural machinery including threshers, harvesters, reapers and rotavators.
Its facility in Durg, Chhattisgarh, spans over four hectares and caters to both domestic and international markets.

The company has built a distribution network across seven Indian states through 48 dealers and also exports to countries such as Nepal, Sri Lanka, South Africa, Nigeria and Uganda. To boost visibility, it regularly participates in agricultural trade fairs and exhibitions.

On the financial front, the company has reported steady revenues of about Rs 44 crore in FY24 and FY25, but profits have risen sharply. Profit after tax jumped 147% to Rs 6.1 crore in FY25 from Rs 2.5 crore a year earlier, aided by better margins.

The post-listing performance will depend on whether investors see value in Gurunanak Agriculture’s growth plans, particularly its proposal to set up a harvester manufacturing unit and expand its product portfolio.

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