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BharatRohan Airborne Innovations IPO
BharatRohan Airborne Innovations Ltd is launching an SME IPO as BharatRohan Airborne Innovations IPO from September 23 to September 25, 2025. The issue aims to raise ₹45.04 crore through a fresh issuance of 52.99 lakh shares. The IPO price band is ₹80–₹85 per equity share with a face value of ₹10. The minimum lot size is 1,600 shares, requiring approximately ₹1.36 lakh investment at the upper price band. The IPO will list on the BSE SME platform, with allotment on September 26 and listing expected on September 30, 2025. Smart Horizon Capital Advisors is the book-running lead manager and KFin Technologies is the registrar.
Company Background
Incorporated in 2016 and headquartered in New Delhi, BharatRohan Airborne Innovations specialises in agritech, offering drone-based platforms enhanced with hyperspectral imaging technology to improve agricultural productivity. The company provides integrated solutions spanning precision crop monitoring, integrated crop management and sales and marketing of agricultural inputs and outputs. BharatRohan’s focus is on sustainable farming and bringing technological innovations to the agricultural value chain.
Operations & Product Range
Facility & Production
The company operates its technology and data processing operations from its headquarters, supported by a field team of drone operators and agronomists. It partners with local farmers, farmer-producer organisations and cooperatives to deploy its drone-based solutions across regions. BharatRohan focuses on technology R&D, pilot programs and data-driven advisory services while leveraging agriculture value chain expertise.
Brands & Market Presence
BharatRohan markets its branded agricultural inputs under the “Pravir” label and has fostered trust in rural markets through demonstrations, early adopter success stories and partnerships with agri-input firms. Its presence is expanding across Indian agricultural belts with the growing adoption of drone-based crop monitoring and precision agriculture practices.
Revenue Channels
- ⦁ Sale of drones and UAV-based crop monitoring and imaging solutions.
- ⦁ Fees from integrated crop management advisory and precision spraying services.
- ⦁ Marketing and sales of branded agricultural inputs like seeds, pesticides and fertilisers.
- ⦁ Sale of agricultural produce cultivated using recommended management protocols.
- ⦁ Customised farm data analytics and decision-support services.
Management & Shareholding
BharatRohan Airborne Innovations IPO promoters bring a mix of expertise in aerospace technology, artificial intelligence and agronomy. They have played a pivotal role in conceptualising and scaling the drone technology solution offering, as well as building the field network for farm-level adoption.
The board includes promoter directors and independent professionals with backgrounds in technology, agriculture and finance. The governance framework supports transparency, compliance and strategic oversight for an SME company entering the capital markets.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
BharatRohan Airborne Innovations IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
BharatRohan Airborne Innovations IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 23, 2025 to September 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹80 to ₹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 |
BharatRohan Airborne Innovations IPO Timeline
| Detail | Description |
|---|---|
| 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 |
BharatRohan Airborne Innovations 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 |
BharatRohan Airborne Innovations IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 54.86% |
| Promoter Holding Post Issue | 40.27% |
Competitive Strength:
- ⦁ Advanced drone and hyperspectral imaging technology customised for agriculture
- ⦁ Vertically integrated agritech model combining technology, inputs, advisory and produce marketing.
- ⦁ Experienced founding team with technical and agronomic expertise.
- ⦁ Growing adoption among farmers, cooperatives and input marketers in key regions.
- ⦁ Strong focus on sustainable farming and precision agriculture, reducing input costs and boosting yields.
BharatRohan Airborne Innovations IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 42.02 | 28.23 | 7.59 | 37.22 | 1.34 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 22 | 19 | 7 | 16 | 4 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 5.27 | 6.53 | 1.81 | 3.18 | 1.52 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.21% |
| ROCE | 19.69% |
| Debt/Equity | 0.04 |
| RoNW | 20.38% |
| PAT Margin | 26.93% |
| EBITDA Margin | 28.12% |
| Price to Book Value | 3.32 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.19 | 4 |
| P/E (x) | 16.38 | 22 |
Objectives of BharatRohan Airborne Innovations IPO
- ⦁ Capital investment for drone fleet expansion and technology upgrades.
- ⦁ Enhancement of sales & marketing and extension of field support teams.
- ⦁ Working capital augmentation for inventory and service scale-up.
- ⦁ General corporate purposes, including strengthening systems and compliance.
Conclusion
The BharatRohan Airborne Innovations IPO presents an opportunity to invest in a future-focused agritech company leveraging drones and AI-based imaging to transform Indian agriculture. The company’s integrated approach and technology differentiation position it well to ride the rising demand for precision farming. The IPO funds will support capacity expansion, market penetration and operational scaling, aiming to build a sustainable agricultural value chain platform.
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Frequently asked Questions (FAQs )
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What are the BharatRohan Airborne Innovations IPO dates and price band?
IPO is open for subscription from September 23 to September 25, 2025, with shares priced between ₹80 and ₹85.
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What is the issue size and minimum investment?
The total issue size is ₹45.04 crore; the minimum lot size is 1,600 shares, requiring about ₹1.36 lakh investment.
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What does BharatRohan Airborne Innovations do?
It provides drone-based agricultural monitoring and precision farming solutions combined with input and produce marketing.
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Where is the company based?
Headquartered in New Delhi, with field operations across multiple Indian agricultural regions.
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Who are the promoters of BharatRohan Airborne Innovations IPO and what is their experience?
The promoters have expertise in aerospace engineering, AI and agronomy and lead technology development and adoption.
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How will the BharatRohan Airborne Innovations IPO proceeds be used?
To expand drone fleets, upgrade technology, scale sales & marketing, increase working capital and for general corporate use.
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When will shares list and where?
Shares are expected to list on the BSE SME around September 30, 2025.
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