Gurunanak Agriculture India to launch ₹28.8 crore IPO on NSE Emerge, expanding agri-machinery production.

Gurunanak Agriculture India Limited, a Chhattisgarh-based farm equipment maker, is launching a ₹28.8 crore IPO on the NSE Emerge platform from September 24 to 26, offering 38.4 lakh shares at ₹75 each. The funds will support expansion, including a new harvester unit and increased production capacity. The company reported strong financial growth in FY25, with net profit rising to ₹6.05 crore and operating margins at 22.23%. Promoter holdings will drop to 68% post-IPO. GNAIL operates across seven states with 48 dealers and a manufacturing facility in Durg. The Indian agri-machinery sector is projected to reach $24 billion by 2025, driven by rising labor costs and government support. The IPO is managed by Finshore Management Services, with Cameo Corporate Services as registrar and Anant Securities as market maker.