211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9,659.65 Crs.  Total funds raised in 2025

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

211  Total SME IPOs listed in 2025

9659.65 Crs.  Total funds raised in 2,025.00

144  SME IPOs listed with Gain in 2025

67  SME IPOs listed with loss in 2025

Bharatrohan Airborne Innovations IPO Review

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Bharatrohan Airborne IPO Date
  • IPO Open Date:
    23 Sep 2025
  • IPO Close Date:
    25 Sep 2025
  • IPO Allotment Date:
    26 Sep 2025
  • Tentative Refund Date:
    29 Sep 2025
  • IPO Listing:
    30 Sep 2025
Check Bharatrohan Airborne IPO GMP

Bharatrohan Airborne IPO Overview

Sector Update

Operates in the agri-tech sector and between 2020 and 2027, the global agritech industry is expected to grow at a compound annual growth rate (CAGR) of 12.1% (Ernst & Young report).

Growth drivers

Growth drivers are increased Government Initiatives, use of technolgoies in the space for efficiency and  a novel emerging business model that is likely flourish going forward.

Financial Update:
(comparison of FY24 FY25 )
Revenue ₹18.95 cr ₹28.17 cr (+48.65%)
PAT ₹6.90 cr ₹7.58 cr (+9.86%)
PAT Margin 36.41 % 26.91 % (-26.09%)
EBITDA ₹7.38 cr ₹7.97 cr (+7.99%)
EBITDA Margin 38.94 % 28.29 % (-27.35%)
ROE 42.28 % 20.24 % (-52.13%)
ROCE 35.42 % 19.69 % (-44.41%)
D/E 0.25 0.04 (-84.00%)
Business Diversification

The company  a comprehensive suite of services and products that address critical challenges across the agricultural value chain, which includes, advisory on the crop production and guidance on the Integrated Crop Management Practices which enables the sale of Agricultural Output and Agricultural Input products by the Company. 

IPO Valuation

PE Ratio: 22.32x Average Sector PE Ratio: 17.96x

Bharatrohan Airborne IPO Reservation

Bharatrohan Airborne IPO Share Allocation
QIB Shares Offered: 2464000
- Anchor Investor Shares Offered: 1475200
− QIB (Ex. Anchor) Shares Offered : 988800
NII (HNI) Shares Offered: 768000
- bNII > ₹10L: 512000
- sNII < ₹10L: 256000
Retail Shares Offered: 1798400
Total Shares Offered: 5030400
Bharatrohan Airborne IPO Lot Size
Application Lot Shares Amount
Individual investors (Retail) (Max) 2 3200 ₹272000
S-HNI (Min) 3 4800 ₹408000
S-HNI (Max) 7 11200 ₹952000
B-HNI (Min) 8 12800 ₹1088000

Interesting facts about IPO

IPO Size: ₹ 45.04 Cr.

Avg IPO Size (Sector Based):

₹ 20.09 cr.

Sector: Agro

SME IPO so far in this sector:

84

Merchant Banker: Smart Horizon

SME IPO by BRLM so far:

14


SME IPO so far in this city:

179

PE Ratio: 22.32

Average Sector PE Ratio:

17.96 X

Price Band (Upper): ₹ 85.00

Listing Price:

₹ 90.00

Business Profile

BharatRohan operates as an innovative agritech and agri value chain solutions provider, setting itself apart through the use of drone and UAV-based platforms that primarily incorporate Hyperspectral Imaging (HSI) technology. By leveraging HSI and other advanced imaging methods, the company offers a suite of services designed to tackle key challenges throughout the agricultural value chain. These include expert advisory on crop production and integrated crop management practices, enabling BharatRohan to facilitate the sale of both agricultural outputs and branded agricultural input products. As a vertically integrated provider, the company’s core strength lies in equipping farmers with Decision Support Systems (DSS) powered by real-time imaging, delivering actionable insights to improve profitability and efficiency in cultivation. The company’s diversified portfolio encompasses comprehensive solutions for its partner farmers.

This includes delivering Crop Monitoring Services (CMS) through drones, which enable the implementation of Integrated Crop Management (ICM) practices, as well as the sale of a range of proprietary agri-inputs, most notably under the ‘Pravir’ brand. BharatRohan also markets agri-outputs cultivated under its management guidance, ensuring that the needs of its clients are fully addressed from crop planning through harvest and market sale. The integration of advisory, input provision, monitoring, and output sales allows BharatRohan to address a wide array of agricultural needs with a single, cohesive offering. At its core, BharatRohan’s mission is to empower farmers by creating revenue-generating opportunities driven by smarter, technology-enabled farming solutions. This holistic, vertically integrated approach positions the company to cater to a broad market segment and highlights its potential for continued growth and leadership within the rapidly evolving agritech ecosystem.

Strengths and Challenges as per DRHP

Strengths Image
  • Technology driven service delivery
  • Focus on Sustainable Farming
  • Experienced Promoters and Management Team

 

Strengths Image
WEAKNESSES Image
  • High Initial Investment for Farmers (Potential Barrier to Adoption)
  • Dependence on Technology and Connectivity
  • Scalability Challenges
  • Resistance to Change
  • Competition in the Agritech Space
Strengths Image
OPPORTUNITIES Image
  • Increasing Farmer Awareness and Digital Literacy
  • Demand for Traceable and Safe Food
  • Expansion into New Crops and Geographies for Crop Monitoring Services
  • Value-Added Services
Strengths Image
THREATS Image
  • Intense Competition
  • Cybersecurity Risk
  • Economic Downturns and Farmer Income Fluctuations
Strengths Image
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Comparison of Bharatrohan Airborne IPO with some Listed peers/Listing Gains in the Similar sector

Select Listed IPO for Comparison:
Basis
Bharatrohan Airborne IPO
vs
vs
vs

IPO Date
30th Sep 2025


IPO Size
₹ 45.04 Cr.

Total Assets
₹ 42.01 Cr.

Revenue
₹ 28.17 Cr.

PAT
₹ 7.58 Cr.

PAT Margin
26.91 %

Leverage Ratio
0.04 x

PE Multiple
22.32 x

EV/EBITDA
20.63 x

Notes:
1) All the above data is at the time of IPO
2) Revenue and Pat is taken on annualised basis

Bharatrohan Airborne IPO Objectives (Objects of Offer) and expected Utilisation

Funding of Capital Expenditure requirements for purchase of new equipment by the Company
14

Purchase of Commercial Vehicle
2

Funding Working Capital Requirement of the Company
16

General Corporate Purpose
[●]

Track Record of (Merchant Banker)/merchant Banker Report

Smart Horizon Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of Bharatrohan Airborne IPO. Smart Horizon Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Smart Horizon Capital Advisors Private Limited .

Read more details of this IPO

Peer Companies Of This Sector

FAQs

Bharatrohan Airborne Innovations IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Bharatrohan Airborne Innovations Financial Review Page

Bharatrohan Airborne Innovations IPO subscription was 10.07 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Bharatrohan Airborne Innovations IPO listed at a listing price of 90.00 against the offer price of 85.00.

The current market price of Bharatrohan Airborne Innovations is 91.97.

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